Some of the key IoT solutions which could be deployed for quick wins are
Condition-based Maintenance: Analyze health for critical assets e.g. transformers, circuit breakers, overhead power lines, etc., estimate their useful life, predict propensity to fail and initiate proactive maintenance to avoid unplanned downtime. Further to this, weather forecast data can be analyzed to anticipate any weather-linked readiness from the utilities side.
Dynamic Demand Control: Monitor the energy demand in near real-time, identify non-critical load operating in peak hours, provision for remotely switching off such loads on end-user premises and incentivize those customers who allow utilities to remotely control non-critical loads.
DER Optimization: Monitor the pattern of power fed from conventional energy sources e.g.
coal/gas-fired power stations and DERs like Solar, Wind power, etc. and correlate the actual capacity vs. planned capacity and actual utilization vs. planned utilization in near real-time.
Data Driven Planning: Analyze the historical supply and demand data to forecast the energy requirements during the year, correlate this insight with health score of transmission & distribution infrastructure, accordingly plan to either invest in the infrastructure or to optimize the demand.
Enterprise Asset Management: Track & Trace capabilities for all types of high-value moving assets (e.g. test & measurement equipments, service tools & spare parts, vehicle fleets, workers, etc.) in indoor as well as outdoor environment. It brings consolidated benefits in improving operation efficiency, asset utilization and compliance to regulatory requirements.
Customer engagement: Invest in smart energy metering to collect vast amount of consumer-side data on energy demand, energy consumption pattern, various load profiles, etc., this will enable utilities to offer personalized services related to energy management. Analyze customer feedback from various sources including social media feeds and develop a bi-directional channel to remain engaged with consumers.
Why Wipro is the right partner for utilities
Conclusion Wipro has invested 14 years assisting Electricity, Gas and Water Utilities across 4 continents, helping them explore fresh ways to look at technology and modernize. Our proven industry expertise coupled with digital innovation and flexible as-a-service models continue to place our clients in a leadership position. Wipro’s innovative domain solutions and business transformation accelerators address:
- Generation & Renewables
- Transmission & Distribution
- Smart Metering and Smart Grid Technologies
- Customer Billing and Retail
- Energy Trading & Risk Management
- Environment, Health and Safety
Digitalization for utilities industry, powered by IoT and Analytics will help them transition to a model where they have a global view of their assets, processes, workforce and customers, which in turn will lead to higher productivity and efficiency and lower cost of operation.
However, utilities, challenged by the growing amount of learning required to leverage new technologies, need competent partners to deploy smart systems, improve customer engagement, integrate renewables, meet regulations, manage mergers and acquisitions, and control costs.
With over 3,500 utility professionals and engagements with more than 50 global utilities companies, Wipro brings deep and dependable domain knowledge to the execution of digital transformation programs. Utilities will have access to a 360o service portfolio backed by global experience to address every need in the Electric Utilities segment.