Innovation fosters growth and adaptation

Society is becoming increasingly aware of the effects of climate change. This is leading to a change in consumption patterns, with the resulting impact on companies' production processes. That’s why many corporations consider innovation as a critical aspect for growth and adaptation to these new trends.

Energy and natural resources businesses are looking to dive deeper into digitization and modernization to benefit from advanced automation of central business processes, transformative platforms and real-time integrated supply chains – and how to apply innovative technologies like IoT and data analytics at the implementation level, or to use cloud to scale.

The innovative nature of the energy sector

The energy sector’s innovative nature is reflected in its commitment to electrification, decarbonization and the decentralization of energy as an industrial driving force. This is disrupting the sector itself, as well as other adjacent industries, such as the automotive industry, with the introduction of products such as electric vehicles. These are boosting the use of renewable energies.

Businesses in this industry must first overcome significant challenges at the network Edge, including fragmented IoT data, security integration risks and an industry-wide inability to seamlessly operationalize the technology.M/p>

New and emerging technologies like IoT and data analytics are critical enablers for digital innovation and is fast becoming prevalent across the energy sector. These are driving the adoption of edge computing to process large amounts of data and improve operational efficiency in environments that rely on low latency and high bandwidth. Some of the emerging opportunities are the following use cases:

  • Remote monitoring of equipment and predictive maintenance analytics
  • Advanced metering infrastructure
  • Distributed energy resource management systems
  • Consumer technologies such as smart thermostats
  • Efficiencies and cost control linked to processing data close to the edge (for example, through better automation and quality control)

In response, energy and natural resources businesses are looking to dive deeper into advanced automation of central business processes, transformative platforms and real-time integrated supply chains. They’re also looking at how to apply these innovative technologies at the implementation level, or to use cloud to scale.

Backed by comprehensive networking, connectivity and cloud infrastructure, our Edge as a Service capability combines complete solutions for edge computing, private 5G and IoT.

2023 Edge Advantage Report highlights for the energy and natural resources industry

92% of edge adopters agree that edge is providing a competitive advantage.
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*Gartner, Magic Quadrant for Network Services, Global, Danellie Young, Karen Brown, Gaspar Valdivia, 22 February 2023

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