The Internet of Things (IoT) is being promoted in the energy sector as though it is something new. In tandem with digital transformation, the utility industry, power producers, and oil & gas players are being inundated with messaging that they need to digitally transform now.
But the reality is that these trends have been going in the energy sector for decades. A move from analog to digital controls began back in the nineties, for example. Similarly, supervisory control and data acquisition (SCADA) is a well-established technology that is used in equipment such as wind turbines and other industrial equipment to obtain real-time data, make decisions, and command and control energy generation, transmission and distribution. SCADA may not be as trendy a term as IoT, but they are at least cousins, if not brothers.
IoT Drives Better Energy Outcomes
Rick Veague, chief technology officer for North America at IFS, believes there are three key areas where IoT drives business value energy companies through better outcomes:
“This operational awareness can then be compared to expected outcomes, to predict when the asset should be serviced to maintain its intended outcome. This allows businesses to proactively reduce unplanned downtime, reduce cost, and improve the overall performance of the asset, and ultimately the customer.
Continue reading: https://www.datamation.com/networks/internet-of-things-iot-in-energy/
But the reality is that these trends have been going in the energy sector for decades. A move from analog to digital controls began back in the nineties, for example. Similarly, supervisory control and data acquisition (SCADA) is a well-established technology that is used in equipment such as wind turbines and other industrial equipment to obtain real-time data, make decisions, and command and control energy generation, transmission and distribution. SCADA may not be as trendy a term as IoT, but they are at least cousins, if not brothers.
IoT Drives Better Energy Outcomes
Rick Veague, chief technology officer for North America at IFS, believes there are three key areas where IoT drives business value energy companies through better outcomes:
- Operational awareness
- Predictive maintenance
- Digital twins of physical assets
“This operational awareness can then be compared to expected outcomes, to predict when the asset should be serviced to maintain its intended outcome. This allows businesses to proactively reduce unplanned downtime, reduce cost, and improve the overall performance of the asset, and ultimately the customer.
Continue reading: https://www.datamation.com/networks/internet-of-things-iot-in-energy/
