As an example, thanks to the growing adoption and integration of new technologies (which include, but are not limited to, DERs, EVs, LEDs, energy efficiency, intelligent switches and demand automation), the historically linear electric distribution system is becoming more dynamic and complex. Thus, the platform serves as a foundation that enables numerous analytics use cases, from allowing utilities to better integrate distributed resources to providing an IoT-style backbone that customers and communities can leverage to deploy smart sensors and devices and create smarter homes and cities. The platform enables effective adaptation to this changing landscape and is integral to grid digitization and modernization-or Smart Utility initiatives-and in mitigating disruptions to business as usual from evolving customer expectations, increasingly advanced technologies, growing distributed generation and regulatory changes. The industry landscape for utilities is evolving to adapt and accommodate new technologies and changing expectations of its customers and regulators. This proliferation of smart devices and data, and the supporting communications infrastructure, enables both core and advanced operational capabilities and can deliver a much broader range of benefits-which we call the Smart Utility capability framework or simply, the platform. Modernizing the grid to more dynamically adjust and respond to multiple systems and providers, including alternative energy sources such as wind and solar.With 80 million smart devices deployed in the United States as of 2018, smart utility data and infrastructure has now reached 56% penetration nationwide and this number is set to grow with the completion of new rollouts planned or already underway.Preventing utility loss and provide early detection of supply leaks and thefts to optimize distribution.Leveraging the smart grid and intelligence from the Internet of Things (IoT) to provide key insights into customers’ utility usage patterns.Using real-time business intelligence to improve operational efficiency, monitor remote sensors and meters, and make better, more timely business decisions.Optimizing asset performance by identifying developing problems in real-time for field assets such as transformers and water mains in order to trigger repairs and avoid unplanned service disruptions.Setting smart utilities apart from those slower to embrace digital technologies and change are the business benefits they frequently reap in diverse areas such as: What are the business benefits of smart utilities?Īll utilities deal with an enormous amount of diverse data from multiple sources. Most smart utilities are heavy users of the Internet of Things (IoT) concept of connected devices and incorporate the latest digital technologies in communications, software, computing and mapping to streamlines their businesses. Smart utilities are companies in the electric, gas and water sectors that employ connected sensors across their grids in order to deliver services more efficiently and to analyze their operations.
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