The endless pursuit of operational efficiencies, increasing competition, and ballooning regulatory oversight have made the energy industry perfect for dramatic digital transformation.
There is no question that customers want safe, reliable, and efficient energy. Energy companies can utilize IIoT sensors to capture behavioural information about their assets. Until recently, much of this company data would have been left unanalysed because of sensors with the ability to perform the task. However, artificial intelligence, machine learning, and big data analytics allows that information to drive efficiency across everything from individual devices to the entire grid. Many businesses are already using AI to monitor consumption, store energy efficiently, and improve grid stability. Digital technology is also enabling the creation of ‘virtual power plants’ or ‘digital twins’. A digital twin is a mirror-image of a physical system that utilizes data from IoT systems to monitor key performance indicators of that physical system. Businesses use ‘digital twins’ for predictive maintenance and contextualized data to fix them.
CUSTOM DIGITAL SOLUTIONS
Invonto is a digital solutions company based in New Jersey. Founded in 2008, Invonto has grown into becoming a digital transformation partner for some of America's most innovative enterprises including D.R. Horton, Transamerica, Sealed Air, Comcast, Sharp, and Epicor.