![]() ![]() ![]() Therefore, many issues, including burdensome integration complexities, are hindering utilities’ ability to grow continuously at the pace of the market. Nevertheless, service providers have been buying new solutions with narrow scopes that cover specific functionalities to face their challenges instead of optimizing their IT architecture. FILE - Georgia Power Co.s Plant Bowen, commonly known as Bowen Steam Plant, burns coal to generate. Likewise, commercial and industrial corporations have started traveling the same path, which is putting more pressure on service providers to offer products and services that follow these goals and strategies. customers will be going up 12 beginning in June. 92 % of power and utilities executives surveyed by Deloitte reported that their companies already had a plan or were developing a strategy to reduce reliance on fossil fuels. Industry capital expenditure of shareholder-owned electric utilities in the United States from 2010 to 2021, with a forecast until 2024 (in billion U.S. With any of the options mentioned above, utilities can start moving towards digitalization, lowering the cost of ownership, and creating additional business cases in which customer experience (CX) levels are elevated. To keep up with their customers’ demands, service providers have added customer-facing features to their legacy systems, increasing operational complexity and harming CX.Īt the same time, organizations can easily transition to renewable energy, which has been promoted by many governments to achieve decarbonization in the energy sector. In fact, in the US, 78 % of investor-owned utilities have set targets in CO2 emission reductions and 40 % have net-zero or carbon-free electricity goals. Finally, IaaS models offer computing capabilities (storage network, processing capacity, etc.) for a certain amount of time, when companies do not need to take care of the infrastructure. Argonne scientists have evaluated a year’s worth of sensor data from ComEd, a utility that serves nearly four million customers in the U.S. One of the advantages of Edge and IoT Technology, is that it drives the creation of ‘smart’ solutions for utility companies. 97 of utilities executives agree that their organization is pivoting in response to the unprecedented computational power that is becoming available. Analytics at the Edge enables utility companies to predict and prevent problems in real time, to cost-effectively deploy resources and personnel, and to increase overall grid optimization, security and reliability. Cloud computing under a SaaS model offers applications that can be accessed via a browser, which relieves organizations from duties such as software maintenance, infrastructure management, network security, and data availability. PaaS models provide access to a cloud-based environment in which users can build and deliver applications without the need of installing and maintaining complex desktop IDEs (Integrated Development Environments), which are usually very expensive. The world of high-performance computing is on a similar evolutionary curve, which will soon reset the boundaries of utility operations as we begin Computing the Impossible.
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