Energy is the driver of the current day economy and modern society incorporating individuals' lives like never before previously. Today, it is difficult to meet the expanding claims coming its way. Making the whole cycle of manufacturing, circulation, and utilization of energy smart, is the path forward to meet these requests. Availability of dependable, high-quality energy is the key fuel for any nation's economy. However, population growth and expanding global economy, with thrust on development activities, are leading to increased growth in global energy consumption.
The electric utility industry is recognizing the predicament of the existing systems. Steering in a new epoch of managing energy demand and growth, the industry is renovating its electric infrastructure to boost efficiency and reliability by leveraging modern technology. This technological trend is best described as an energy-internet-of-things environment and is being driven by a rapid convergence and digitization of operational technology and information technology. This can be seen in the modernization of infrastructures, from power grids to smart cities, which increasingly weave together networked sensors and cyber and physical systems that enable big data to be collected, aggregated, exchanged, stored and monetized in new ways.
Nations across the world are conceding that 21st-century economies can't be run on 20th-century grids. And as developing countries continue along their path of aggressive economic growth, they need modern, intelligent grids. Rising demand, obsolete infrastructure, keeping costs under control, and exhausting energy sources are causing companies to relook at their processes. These companies are fast realizing that the processes need to be more "intelligent" and "smart" and are engaging in the same by leveraging appropriate technologies.
To assist CIOs to apt solution provider, Energy CIO Insights brings a special edition on Smart Energy. Our distinguished selection panel comprising of CIOs, CEOs, CTOs, industry analysts, and our magazines editorial board has narrowed the choice to a few trailblazing providers.
We present to you Energy Tech Reviews’ “Top 10 Smart Energy Solution Providers - 2018”.