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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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Information reimagined for the energy industry 

OpenText Information Management

The energy industry as we know it is changing. 1 This massive growth in population will bring with it increased energy demands – and it is only one generation away! 1 This massive growth in population will bring with it increased energy demands – and it is only one generation away! The energy industry has never moved this fast.

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Digital twins reimagined at scale for energy and resources 

OpenText Information Management

1 The ratio between man and machine All industries use machines, yet the energy and resources sector including utilities , oil and gas , chemicals , and metals & mining industries is the most capital intensive. trillion of annual capital investment is made in the energy industry today and by some estimates will grow to $9.2

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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.