You may also think about other use-cases, such as leveraging large volumes of clinical data to enable better medical care.
But an especially exciting and disruptive Big Data market opportunity is now being driven by the exploding implementation of IoT. It’s a market that Accenture predicts will reach $3.6 trillion by 2030. And it’s a market that you can capitalize on in multiple ways at once—including as a buyer, a seller, an aggregator, and an investor.
Beyond First-Generation IoT
Solar will clearly be a key element to this decarbonizing effort. The sun is essentially a massive fusion reactor in the sky that provides enough energy to power our planet with clean, renewable energy many times over. And the cost of this energy is continuously being driven down by incremental improvements in photovoltaic technology and economies of scale.
We are building our clean energy future that will be increasingly Electrified, Decentralized, and Digital – see the graphic from WEC below:
I could see how its SaaS could improve the way our company works. Project managers often need to rely on old-school legacy software that requires them to create separate spreadsheets for managing deployment and entering accounting data manually.
But Sitetracker’s SaaS could help us speed up our labor-intensive manual workflows, eliminating the typical hodgepodge of email, paper forms, spreadsheets and phone calls. When we’re more efficient, we can collaborate better and work with greater satisfaction. And that can save on costs for both companies and customers.
Tackling the transition to the future energy landscape requires strong collaboration as explained by Christine Gunter, National Grid Regulatory Innovation Manager:
LCNI provides a fantastic opportunity to talk to the industry about our research strategy, the work we have undertaken in the past year, and finding new collaborators to help us deliver the future energy transition which our stakeholders expect.
National Grid plays a vital role in connecting low-carbon generation to the UK transmission network, which can require the development of new infrastructure to support the existing network. At National Grid the scale of construction is significant; from connecting new nuclear power plants such as Hinkley Point C, which will provide low-carbon electricity for around 6 million homes, to the creation of the second phase of the London Power Tunnels, a 32km electricity superhighway deep below the capital.
‘What’s all the fuss about electric vehicles?’ This question, or a version of it, has been put to me many times. While it’s easy to get carried away with predictions about the number of EVs that might be on our roads in 10 or 20 years’ time, it’s important to take a step back and look at why there is so much focus on the electrification of transport in the first place. In other words, is the fuss justified?
The priorities and expectations of our customers have changed quite dramatically in the past few years.
While, traditionally, our customer base was made up of large, recognisable energy supply companies and established distribution networks, a new generation has quickly emerged
Will transmission be needed in a decentralised, decarbonised, digitalised energy system? David Wright, Director of Electricity Transmission and Group Chief Electricity Engineer, considers some of the factors that could shape the outcome – however uncertain the future may be.
ET has published its Network Innovation Annual Summary report for 2017/18 this week, which covers projects carried out by ET’s innovation team together with research partners from industry and academia; including Cardiff University and University of Southampton.