Internet of Utilities Asset Management

With the advancement of new technologies, the world is moving toward intelligent devices and assets. Although sensors have been around for a long time, they have always been local to a machine and do a specific job, without much communication to the outside world. But if these sensors can communicate with other sensors, machines and human beings over the Internet, then this setup can form an Internet of intelligent devices.

This interconnected intelligent device setup can further be augment-ed by software, simulation techniques and algorithms to bridge the gap between information technology (IT) and operational technology (OT), and thus help machine operators and supervisors to quickly find a problem area, make quick decisions and act to reduce machine failure.

This point of view delves into this phenomena of smart connected de-vices and assets, their real-time interactions and overall impact on utilities.

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