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Utilities Business Review | Wednesday, January 12, 2022
Modern utilities can prepare for the future of smart energy by implementing a digital transformation strategy now.
FREMONT, CA: Businesses can improve their processes, products, and culture by investing in digital transformation, as well as maintain their market dominance by investing in technology. All industries, from banking to insurance to shipping, have adopted digital transformation strategies.
A dramatic shift has taken place in many institutions. According to a survey, ninety-five percent of energy executives believe digital transformation should be a priority.
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Due to slow processes, aging infrastructures, and a retiring workforce, companies find digital transformations difficult to implement.
Utilities need to bridge the gap between adoption and implementation by accounting for the following challenges in adoption.
Paper-based workflows slow processes: Manual methods are common in utility construction workflows, such as recording as-built data with pen and paper and making phone calls to and from the field and office. This can lead to inaccurate and incomplete data, which can have serious consequences for safety, costs, and backlogs.
Utility workers are deeply accustomed to manual processes, so any deviation from them requires fundamental change management efforts, which are time-consuming and expensive.
The existing workforce is retiring: Utilities must attract the next generation of workers as the current construction workforce retires, taking decades of knowledge with them. Technology has increasingly become a part of the daily lives of younger workers. Data collection methods that rely solely on manual methods will be rejected by these tech-savvy workers and replaced with automated, digital alternatives. The utility industry's appeal will further wane as a result.
Future energy needs require advanced technologies: DERs and ADMS are helping energy companies modernize aging infrastructures by supporting Distributed Energy Resources (DER). High-fidelity data is required for these sophisticated systems. Existing solutions cannot support them due to poor data quality, inefficiency, and lack of reliant data requirements.
Utility leaders can meet these challenges with the advanced tools provided by digital transformation.
It is possible for utilities to overcome these challenges by considering scalability. A large-scale construction project requiring a lot of data is beyond the capabilities of existing manual processes. It offers a comprehensive solution that can support large-scale efforts, providing accurate data collection, as-builts in digital format, real-time field visibility, and fast updates. Digital solutions like these expedite construction workflows and speed up closeouts.
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