Rising energy demands, fluctuating oil prices, renewable integration, aging infrastructure and changing regulatory requirements are all challenges facing the energy industry today. While multiple approaches exist for addressing these realities, one constant remains -- technology will be at the heart of the majority of solutions. Whether it's sensors and cameras monitoring utility and oil and gas assets, drones that perform high-risk inspection operations, or machine learning tools that identify energy efficiency opportunities, technology innovation is critical for the future of the industry. The shift to smart electricity grids and digital oil fields does not come without risk. The technologies proliferating in the energy industry are also endangering it -- opening up critical systems to cyberattacks.
"Those who do not remember the past are condemned to repeat it," said philosopher and writer George Santayana. The same is true for Internet of Things (IoT) rollouts. The IoT landscape is changing rapidly. Emerging startups offer software stacks that standardize the rollout process. Bigger players are buying up smaller fish in an effort to become one-stop shops.
We've all heard data is the new oil a thousand times by now. Arguably though, we can all live without data, or even oil, but there's one thing we can't do without: water. Preserving water and catering to water quality is a necessity, and data can help do that. On the occasion of World Water Day, ZDNet discussed the use of data to preserve water with Gary Wong. Wong is the Global Water Industry Principal for OSIsoft, and was recently named one of the world's 50 most impactful leaders in water & water management.