08 Nov '17, 2pm

#Gridedge & the #IoT allow utilities to create new services driven by #DataAnalytics & #MindSphere

#Gridedge & the #IoT allow utilities to create new services driven by #DataAnalytics & #MindSphere

There are many advantages of the transformation currently taking place in the electricity industry, but Roberto Bocca can sum them up in one staggering figure: US$ 2.4 trillion. That is the value creation the Head of Energy and Basic Industry at the World Economic Forum (WEF) predicts through the adoption of grid edge technologies in OECD countries over the next ten years. “This transformation enables industry, utilities and citizens to really extract more value,” says Bocca. “At the same time, there will be more security in the system, an improved asset utilization and also an opportunity for companies like Siemens and other providers to offer more services.” A recent study the WEF conducted in collaboration with Bain & Company states that new jobs will add to the massive value to society. That’s on top of huge benefits to the environment and reduced carbon dioxide emissi...

Full article: https://www.siemens.com/customer-magazine/en/home/energy/...

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