In the present digital era, the industrial world—and in particular, the energy and utilities sector—has been witnessing exponential growth in data. Unfortunately, despite the availability of a huge amount of valuable information, a major portion of the data is traditionally siloed across business units due to which companies involved in conventional power generation, renewable energy generation, power transmission and distribution, retail energy services and water companies are unable to optimize their processes. They are struggling to monitor plants, transmission lines, sub-stations, power meters, water pipelines or effluents efficiently, and maintain and operate them centrally—with minimal local presence and requirements-based dispatching. Digital intervention for extracting wealth out of the siloed data from multiple distributed assets and putting it to work to create a connected experience across functions is what businesses in the energy and utilities domain need.
Benefits that energy and utilities companies can derive from digital transformation:
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In the present digital era, the industrial world—and in particular, the energy and utilities sector—has been witnessing exponential growth in data. Unfortunately, despite the availability of a huge amount of valuable information, a major portion of the data is traditionally siloed across business units due to which companies involved in conventional power generation, renewable energy generation, power transmission and distribution, retail energy services and water companies are unable to optimize their processes. They are struggling to monitor plants, transmission lines, sub-stations, smart meters efficiently, and maintain and operate them centrally—with minimal local presence and requirements-based dispatching. Digital intervention for extracting wealth out of the siloed data from multiple distributed assets and putting it to work to create a connected experience across functions is what businesses in the energy and utilities domain need.
Leveraging the latest in technology to automate workflows and processes can deliver greater value across all stages in the user journey:
- Digital transformation in plants, transmission lines, sub-stations, and consumer homes
- Efficient daily operations
- Enhanced workforce management
- Optimized performance
- Improved safety
- Reduced operations and maintenance costs.
- Effective effluent treatment & compliance with standards
- Smart metering
- Predictive Maintenance
- Chatbot/ Digital Assistant for customer service
- Outage management
- End-End integration of sensors/assets, enterprise systems to help transform from a traditional utility provider to a digital player
Together, big data, Internet of things (IoT), artificial intelligence (AI), machine learning (ML), augmented reality (AR), virtual reality (VR), and other revolutionary technologies offer the promise of a brighter future for energy and utilities companies.
Happiest Minds evaluates current operational processes and IT architecture and then helps clients in the energy and utilities segment utilize state-of-the-art technologies to enjoy a connected experience with connected assets and a connected workforce, leading to centralized maintenance and centralized operations. Developing solutions with a common platform ensures a seamless and centralized experience for all stakeholders. In addition to new developments, Happiest Minds helps integrate legacy systems, bringing them on to a common platform to enable smooth management without the need of accessing multiple websites and portals to track different assets and operations. CXO-level management dashboards allow decision makers to analyze investments, the total cost of ownership of each of their sites, worker productivity, and more.
We work very closely with our clients and follow a systematic approach, powered by our proven consulting framework, to bring about digital transformation. The framework comprises pre-assessment questionnaires, stakeholder discovery sessions, workshops for reviewing findings, analyzing value creation opportunities, defining the technology strategy and execution approach, and finally, developing an optimum time-based implementation roadmap for new initiatives to ensure early success outcomes. Comprehensive interview sessions, workshops, and plant and site visits help us to assess technological gaps and propose a customized digital roadmap best suited to our client’s requirements. In a span of 6-8 weeks, we enable transformation across all levels and functions of the organization.
CREATING A DIGITAL TRANSFORMATION ROADMAP