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Top 5 information management predictions for energy and utility sector in 2024 

OpenText Information Management

The world is in a race for energy, and that race is just as much about information management as it is about energy itself. Prices of most forms of energy (electricity, natural gas, oil, etc.) Hello from Alaska! have recently touched record highs on an annual average basis—or are fast approaching such figures.

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Supply chain visibility in the energy and utilities industry

IBM Big Data Hub

For the energy and utilities industry (E&U), time is not on their side. Facts about the energy and utilities industry Transformer prices have doubled, while the average lead time for delivery has at least tripled from what it was two years earlier, reaching 52 weeks in some cases. Visibility.

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U.S. FERC Proposes Revisions to Cybersecurity Incentives for Utilities

Data Matters

On September 22, 2022, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) regarding Incentives for Advanced Cybersecurity Investment, requesting comment on proposed revisions to regulations implementing the Federal Power Act (FPA).

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Will generative AI make the digital twin promise real in the energy and utilities industry?

IBM Big Data Hub

Generative AI and digital twin use cases in asset-intensive industries Various use cases come into reality when you leverage generative AI for digital twin technologies in an asset-intensive industry such as energy and utilities. appeared first on IBM Blog. Asset performance management.

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Harnessing AI and data analytics can make clean energy more viable

IBM Big Data Hub

To assist utility companies, IBM has created the Clean Electrification Maturity Model (CEMM) in conjunction with the American Productivity & Quality Center (APQC). Companies that harness AI and data analytics can also make clean energy more viable overall by increasing their cost competitiveness over legacy energy sources.

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Renewable energy trends and developments powering a cleaner future

IBM Big Data Hub

In a warming world, the transition from fossil fuels to renewable energy is heating up. Global capacity for renewable power generation is expanding more quickly than at any time in the last thirty years, according to the International Energy Agency (IEA). And by 2028, 68 countries will boast renewables as their main source of power.

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Renewable energy in action: Examples and use cases for fueling the future

IBM Big Data Hub

As more countries, companies and individuals seek energy sources beyond fossil fuels, interest in renewable energy continues to rise. In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. What is renewable energy? trillion in 2023. trillion in 2023.