Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Smart Grid: Overcoming Data Exchange to Increase Efficiency
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > IT > Hardware > Smart Grid: Overcoming Data Exchange to Increase Efficiency
Data ManagementHardwareIT

Smart Grid: Overcoming Data Exchange to Increase Efficiency

ScottAllen
ScottAllen
4 Min Read
Smart Grid
SHARE

Recent research estimates that the Smart Grid will be a $120 Billion industry by 2020. As Industrial IoT (IIoT) drives digital transformation for utilities, there are a fair share of challenges and opportunities facing the Smart Grid industry today.

Contents
The Convergence ChallengeGoing DigitalSmart Sensor Boom

To keep up with rapid growth and new technology that is shaping the utility markets, in particular, Smart Grid decision makers must continue to improve efficiency. This allows the organization to leverage better data and make smart business decisions that align with an increasingly connected infrastructure.

The Convergence Challenge

In utilities markets, the IT/OT divide is rapidly shrinking, revealing significant challenges between the two groups. OT and IT each come to the convergence line with functional and operational differences, yet the changing technology landscape makes it impossible to avoid the inevitable meshing of the two formerly disparate organizations.

As Smart Grid decision makers adjust to this shift, strong communication between teams will be essential –  as well as careful selection of technology. For example, if utilities can work to integrate their legacy systems on the OT side with the more modern IT systems through a carefully selected communication solution, the Smart Grid will become more efficient, leading to better business decisions, as well as improved system operations and overall visibility.

More Read

Public vs. Private Cloud: How to Integrate Your Data Across Both
4 Best Practices for Backing Up and Recovering Data
‘Garbage in, garbage out’ — with a 2012 Twist
AWS CEO predicts several winners will emerge from the cloud wars
6 Essential Skills Every Big Data Architect Needs

Going Digital

IT/OT convergence, coupled with the new digital landscape has also driven Smart Grid organizations to reorganize under IT and address new technology challenges from a jobs perspective. Utilities are facing an aging, traditional workforce on the OT side coming head-to-head with a new digital-centric workforce on the IT side. For Smart Grid organizations, it is essential to find the balance between hiring new technology savvy talent and nurturing existing staff.

IoT will continue to drive automation, as Smart Grid decision makers either upgrade their legacy systems or figure out how to connect existing ones. We may see an increase in privately funded secondary education programs designed to create a more skilled workforce. If decision-makers embrace the inevitable shift to digital, they will not only see the impact on efficiency, but they will stay competitive in an IoT-driven market.

Smart Sensor Boom

IoT sparked a digital technology shift that resulted in the proliferation of Smart Sensors. Now utilities are able to monitor and transfer critical data from any asset – from the network Edge back to the central office. The demand for sensors hasn’t slowed – research is pointing towards continued and substantial growth in the Smart Sensor market between now and 2021.

As sensors bring connectivity to more endpoints than ever before, utility decision makers are able to obtain detailed data for Advanced Metering Infrastructure (AMI) and Distribution Automation (DA) networks. With rugged wireless solutions, the sensor data is readily available in real-time for IT decision makers. The unrestricted access to data from all network endpoints forces decision makers to shift their focus from Big Data to Smart Data – the data that matters most to the business. It also drives the need for real-time analytics in order to streamline operations. This not only simplifies the convergence issue, but it drives Smart Grid efficiency.

There are many factors contributing to the efficiency of the Smart Grid. While some initially present themselves as challenges, increasing connectivity and digital transformation gives decision makers better data, connect more field assets and enable more opportunities to benefit the business.

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing
AI Document Verification for Legal Firms: Importance & Top Tools
AI Document Verification for Legal Firms: Importance & Top Tools
Artificial Intelligence Exclusive
AI supply chain
AI Tools Are Strengthening Global Supply Chains
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Ungoverned Spaces: Innovating Information Flow

10 Min Read
Big DataCloud ComputingIT

Can Google Cloud Trigger A Cloud Influx?

5 Min Read

Financial Industry Increases Private Cloud Spending in 2013

3 Min Read

Top 10 Social Engineering Tactics

13 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?