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In utility industry
Since the COVID-19 pandemic has reduced the on-site workforce, various utility companies have started to turn their eye towards artificial intelligence. From collecting large sets of data to analyzing them to present valuable insights, AI-powered solutions are revolutionizing how utility companies are operating their electric infrastructure.
Blockchain technology can be one of the most valuable assets in the utility industry. Companies could use blockchain to balance the supply and demand of multiple energy sources like wind and solar by enabling real-time transactions between power generators and storage providers. Moreover, blockchains’ fast and low-cost transactions can help smaller producers sell the excess energy they don’t use.
Since technologies are evolving at a rapid pace, infrastructures are becoming outdated in a short period of time, which makes it difficult for a business to meet their customer’s demands. Moreover, global warming has led to national and international regulations that require companies to abandon energy sources that impact the environment. Cloud technology allows businesses in the utility industry to be more flexible, scalable, and accessible at an affordable cost.
Over the past several years, many companies in the utility sector have started investing in the latest technologies and solutions like IoT, big data, and cloud computing, which has gradually increased their vulnerability towards cybersecurity threats. From Vulnerability Assessment to Forensic Services and Fraud Detection, our Information Security services empower businesses to identify, understand, and resolve information security concerns that may place your organization and its esteemed assets at risk.