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Government CIO Outlook | Tuesday, January 28, 2020
New strategies, skills, business models, collaborations, and operational processes are needed to thrive in the modern era.
FREMONT, CA: The introduction of next-gen technologies, such as artificial intelligence (AI), 5G, the Internet of Things (IoT), and data science, is designed to transform cities today into advanced smart cities. The electric utility organizations, along with their essential infrastructure and vital services, are placed appropriately to help in the transformation. Smart regions have grown into significant opportunities as smart cities come with major business breakthroughs for utility companies.
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Smart cities implement developed digital technologies and data sciences to resolve the challenges and create new outcomes for its inhabitants, businesses, as well as the visitors. Nevertheless, some problems are way more complicated, which cannot be resolved by any one city and county. It includes air quality management, traffic and transportation, and resilience to natural and humanmade vulnerabilities. A local approach, when shared with innovative digital technologies and data sciences, can build unexpected large-scale impacts.
In smart cities, utilities are considered as the ideal smart region builders to explore opportunities. They work and serve large geographic areas that extend from multiple counties and hundreds of cities. They gather detailed customer knowledge and well-known relationships with cities and counties in the region. A few existing infrastructures, such as streetlights, distribution poles, and AMI networks, are suitable platforms to establish new smart services faster.
Business opportunities for utility organizations emerge with the evolution of smart regions. Utility companies can be regional smart services providers and offer services to both small and mid-sized cities. It is an essential step forward as the smaller towns are left behind because they lack experience, resources, capabilities, and funding to bring a change in and around them. The situation calls for utility organizations to fit in the IoT sensors and controllers around their city, such as on poles, streetlights, or towers, and provide managed smart city services. Utility companies make use of their regional scale, infrastructure asset, and operation ability when it comes to stuffing a marketplace gap and end up being the heart of every smart city service.
The digital transformation of cities and regions are still at its embryonic stage, where the utility companies are advancing to play a crucial and strategic role with the help of their unique regional scale, infrastructure, abilities, and presence.
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