How Every Aspect of the 21st Century Utility Will Be Transformed by Cloud Computing and Digital Technologies
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According to a recent report by the market research firm Research and Markets, utility spending on Internet of Things (IoT) technology will reach nearly $12 billion by 2020, up from less than $5 billion in 2015. Another forecast by market research firm IDC predicts that 25% of the top 100 U.S. utilities will reduce their IT costs by migrating their IT infrastructure to the cloud.
While the pace of change is often overhyped, the truth is we are on an irreversible path towards a more customer-centric and flexible energy system – and it is one that will rely on existing and not-yet-developed technologies to reach its full potential.
In this playbook, we will discuss
Pacific Gas and Electric’s (PG&E) experience of the disruption taking place in the utility industry today.
How activity by state and federal policymakers and regulators is increasingly acknowledging that cloud computing and digital technologies can benefit both utilities and their customers.
What some of these changes look like in the real world, and how they can translate to more efficient operations, happier and more engaged customers and a more resilient grid.
Case studies highlighting how several utilities are already reaping the benefits, including the New York Power Authority, Puget Sound Energy and Green Mountain Power.
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