digitization

The digitization of power generation is among the technology advancements transforming the way electricity is produced and distributed. Utilities have always sought ways to improve the efficiency of their operations, along with lowering the cost of maintenance while streamlining asset management. The digital transformation has brought numerous challenges, as utilities seek to upgrade their legacy […]

The global energy sector, including utilities, is looking at a talent drain. As older workers retire, the competition to recruit younger workers to replace them has heated up. The power generation industry today is more digitized, reliant on expertise in analyzing data and developing software. That means many workers who could move into positions at […]

PITTSBURGH, Pennsylvania (August 3, 2020) — Emerson (NYSE: EMR) and Mitsubishi Hitachi Power Systems Americas (MHPS) are joining forces again to develop digital technologies, software and services to help utility customers drive operational excellence in North America. The companies will collaborate on digital solutions to optimize performance and reliability, enable predictive and AI-driven maintenance strategies, […]

In the face of widespread disruption driven by economic, regulatory and consumer forces, the energy sector is increasingly adopting digital technologies to transform the industry and bring it into the future. However, this move to modernization can unintentionally expose organizations to a range of new security threats that must be addressed. Digital Transformation—A Move to […]

Digitization in the power generation sector continues to expand. Its goal in simple terms—providing easy access to data for power plant operators and engineers, enabling the use of advanced analytics to improve equipment performance and efficiency—has resulted in reduced operating costs for utilities, and also has enhanced plant safety. POWER’s upcoming Connected Plant Conference, set […]

Power generators continue to expand their use of digital technologies. Data analytics, artificial intelligence, and machine learning are all part of a rapid transformation in how utilities are improving the

A key aspect of any digitization effort is providing easy access to data by engineersand other experts so they can perform advanced analytics to improve outcomes. In the March 2018 issue of POWER, an article

Siemens reported a 2% rise in industrial profit for its fiscal third quarter on August 2, topping analyst forecasts, though the German engineering giant also reported that revenue for the quarter dropped 4%. The earnings report comes as the company prepares to implement a new strategy that cuts its number of business divisions. The company […]

COSTA MESA, Calif.: 21 March 2018 — Utilities are among the lowest-performing industry groups when it comes to delivering distinct digital customer experiences, but some pioneers have found the secret to digital success, according to the J.D. Power 2018 Utility Digital Experience Study,SM. [For a chart showing utility rankings, click here: http://www.jdpower.com/press-releases/jd-power-2018-utility-digital-experience-study] The inaugural study evaluates […]

The rise of digital technologies for power plants has moved in fits and starts over the past several years, with some generators quickly embracing digitization of their assets while others are looking to justify potential investments. Suppliers of digital technologies have widely marketed the benefits, but many generators are looking to current end users for […]