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The energy and resources sector including utilities, oil and gas, chemicals, and metals & mining is one of the most hazardous in the world. For example, 2023 had one of the lowest property damage losses for the hydrocarbon industry. Also, according to the U.S.
Real-Life Examples of Spear-Phishing Attacks in the Energy Production Sector. The threat of spear-phishing for energy companies is, unfortunately, not a theoretical one. Downloading them infected a user’s system with a type of trojan spyware not previously seen in other utilities industry cyberattacks.
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.
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
Urban planning Governments use GIS data and GIS-based solutions for urban planning: zoning and land use projects, natural disaster and health event response, roadway system and building design, utility distribution, energy production, and waste and resource management.
For example, heat maps can show where in the electricity network bottlenecks may occur due to an expected heat wave caused by intensive air conditioning usage (and how these could be addressed by intelligent switching). Consider some of the examples of use cases from our clients in the industry: Visual insights.
New developments in renewable energy are making headlines and inspiring hope in communities worldwide, from a remote Arctic village working to harness solar and wind power under challenging conditions to a U.S. Air Force base planning an advanced, utility-scale geothermal power system. Let’s take a look at both.
European cooperation on flexibility to accelerate the energy transition. Early in September, we invited a number of our clients from around Europe to participate in a roundtable discussion on energy flexibility. Current energy pricing has little headroom to incentivize consumers to engage in flexibility. kathy.jacquay@….
Natures blueprint: Ingenious inventions that represent the wild There are countless examples of how human innovation represent nature. Sun burst = Corporate strategy & initiatives: The suns burst of energy represents a companys annual release of corporate strategies and initiatives. How can OpenText work with you?
It is for these same reasons that some RaaS (Ransomware as a Service) offerings utilize the language as well. One such example would be Project Root. “ The Snake ransomware targets files associated with SCADA platforms, enterprise management tools, and system utilities.
Cybersecurity in utilities: Critical questions for securing distributed energy resources (DERs). The energy transition is driving a shift toward the increasing use of distributed energy resources (DERs). From a cybersecurity perspective, DERs pose new and unique challenges for utilities. Mon, 06/17/2019 - 05:09.
Renewable energy , also known as clean energy, is produced from natural resources that are generated and replenished faster than they are consumed—such as the sun, water and wind. Most renewable energy sources produce zero carbon emissions and minimal air pollutants.
For example, Amesit and Krystal-2B demonstrate a high value placed on the psychological impact of offensive cyberattacks, specifically OT operations, by highlighting the role of information operations in determining the impact of an ICS incident.” ” continues Mandiant. ” concludes the report.
Encoders, for instance, consume significantly more energy than decoders – sometimes as much as 5 to 10 times as much energy, in comparison. Optimizing energy use Carbon footprint assessment must encompass all direct and indirect emissions within the value chain. Embracing energy-efficient design principles.
Delivering on the benefits of data: How utilities can get the first-mover advantage. With the energy transition underway, there is a similar bold “rethink” taking place in the way energy companies view solutions, particularly around managing data. ravi.kumarv@cgi.com. Tue, 04/16/2019 - 04:29. Data is fuelling the future.
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.
Renewable energy is critical to combatting climate change and global warming. The use of clean energy and renewable energy resources—such as solar, wind and hydropower—originates in early human history; how the world has harnessed power from these resources to meet its energy needs has evolved over time.
Last week industry leaders, experts, and innovators gathered at the Houston Aquarium for the OpenText Energy Summit in Houston , a pivotal event driving conversations on the intersection of artificial intelligence, information management, and energy sector dynamics.
Utilities Digital Journey Insights (Part 4): Utilities’ pursuit of new business models accelerates. Some utilities even provide vehicle-to-grid services and home energy management systems to help consumers manage their electricity usage. Tue, 02/19/2019 - 10:45. In Europe, if one owns solar panels but not a battery, E.ON
Critically, the utility had in place an internal compliance program at the time of the violations. The Settlement Agreement is heavily redacted in places, including redactions of the utility’s name, so as not to disclose sensitive information about the utility’s cyber defenses and/or in any way compromise the bulk power system.
Darwin’s advice to the energy sector: get agile! What does Charles Darwin have to do with digital transformation in the energy sector? Darwin’s theory—that it isn’t the strongest of the species that survives, but the ones most responsive to change—can point the way for utilities to move faster toward a sustainable energy system.
Because technology changes faster than regulatory standards, in 2020, FERC staff “reasoned that an incentive-based framework would allow a public utility to tailor its request for incentives to the potential challenges it faces and take responsive action. Background. Once the measure became required, the incentive would end.
Renewable energy is energy produced from Earth’s natural resources, those that can be replenished faster than they are consumed. Common examples include solar power, hydropower and wind power. Shifting to these renewable energy sources is key to the fight against climate change.
Issued a few days after the killing, the report assesses cyber risks of North American electrical utilities, identifying 11 hacking groups that target energy sector companies.
Humanizing utility assets: A new approach to using assets to drive automation. As utilities around the world navigate the path to digitalization, addressing growing customer expectations, the pressure to move to a low carbon economy, and changing operating and business models has become critical. Wed, 12/05/2018 - 00:35.
image ) If you took first-year physics in school, you’re familiar with the concepts of potential and kinetic energy. If you skipped Physics, here’s a brief review: Kinetic energy is energy possessed by bodies into motion. Potential energy is energy stored inside a body that has the potential to create motion.
But flash floods, hurricanes and winter storms also profoundly impact utilities. Today, utilities are meeting these challenges and risks with innovation by leaning on data and AI to prepare for the next event. Identifying at-risk assets in advance is a main challenge for utilities.
Solving data challenges to accelerate the energy transition. The energy transition is a technological, cultural and organizational sea change—and data is the means by which utilities can solve the foundational challenges of the transition. ravi.kumarv@cgi.com. Tue, 01/14/2020 - 02:21. More complex coordination.
To prove ownership over the hijacked firms, they hire low-wage image editors online to help fabricate and/or modify a number of official documents tied to the business — including tax records and utility bills. For example, only recently did the three major consumer reporting bureaus allow all U.S. ” PHANTOM OFFICES.
Not all blockchains are created equal when it comes to energy consumption. As we talk with clients about blockchain implementations at scale, a question we often get is, “What about the high-energy consumption?” This is a common misconception, as only some blockchain implementations are big energy consumers. Here’s why.
As carbon emissions reporting becomes common worldwide, IBM is committed to assisting its clients in making informed decisions that can help address their energy demands and associated carbon impact while reducing costs. It helps identify energy or carbon hotspots to develop an optimization roadmap.
Renewable energy is energy produced from Earth’s natural resources, those that can be replenished faster than they are consumed. Common examples include solar power, hydropower and wind power. Shifting to these renewable energy sources is key to the fight against climate change.
Are central markets the answer to commoditizing energy flexibility? Take the example of German transmission system operator (TSO) Tennet, whose network spans the entire length of the country and is heavily dependent on steady winds from the North and Baltic seas. What is energy flexibility? Thu, 08/01/2019 - 01:09.
Emerging business models in the utilities industry. In the utilities industry, new business models are emerging, many of which are closely linked to the pressing need to embrace a low carbon economy. This shift is driving changes in demand, caused by increased electrification, and in production, with more renewable energy generation.
This will be led by the manufacturing, consumer, transportation and utilities sectors. Mirai and Reaper are examples of a new generation of IoT botnets comprised of millions of infected home routers and surveillance cams. more than the $646 billion spent in 2018. Security-by-design lacking.
We believe there are three core areas that every organization should focus on: sustainability strategy and reporting; energy transition and climate resilience; and intelligent asset, facility and infrastructure management. These models also help estimate where carbon is stored, how long it will take to degrade, and more.
Electrification: a lottery ticket that utilities must claim. Utilities face a fundamental dilemma. Due to unprecedented pressure to support the move to an energy-efficient and low-carbon system, they face the paradox of encouraging consumers to consume less of what they sell and distribute—electricity. Wed, 09/27/2017 - 07:00.
How utilities are getting creative to find new revenue streams. The utilities industry is undergoing a paradigm shift. This year’s findings reveal that 57% of our utility clients view increasing investments in new products and services as key to addressing regulatory reforms. harini.kottees…. Mon, 10/15/2018 - 06:42.
That pace is unlikely to slow down over the coming years; Pagely noted that organizations are still turning to IoT devices as a way to automate and optimize their business processes as well as save on energy costs. A prime example of this is what California is doing with the California Consumer Privacy Act.
Key strategies and technologies to help utilities respond to a “storm” never seen before. For more than three decades, I served at a leading electric utility, responding to numerous storms to keep the lights on for customers and to support critical infrastructure. COVID-19 considerations and how technology can help.
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In retail, for example, use future flood risk predictions to inform store location planning, raw material procurement, and inventory supply chain logistics. In the electrical utility sector, overgrowth around powerlines increases susceptibility to storm or wildfires damage.
When I started a role as a leader for sustainability in Expert Labs , our professional technology services organization, I saw the potential for AI to help with energy efficiency, decarbonization , and waste reduction. Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting.
Today, utilities and many other industries use drones extensively to conduct surveys, map assets and monitor business operations. For example, for switchyard inspection, a drone would carry thermal imaging cameras, while for an overhead asset survey and inspection, appropriate LiDAR sensors would be used to capture data.
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