The power generation sector shares a warm relationship with digital technology. The advent of the Industrial Internet of Things (IIoT), artificial intelligence (AI), machine learning (ML), big data, and other ground-breaking technologies have changed the way power generation companies operate. The sector is leveraging remote sensing, networked communication, data aggregation, and virtual monitoring and tracking to optimize power generation. However, there are quite a few companies that are struggling to cope up with the superfast pace of change, demand to increase efficiency, and the undying pressure to cut down costs. This is wreaking havoc on traditional models that these companies have been utilizing. It is time for their decentralized and distributed asset models to evolve and shift to the new centralized operations and maintenance landscape.

Key benefits that conventional power generation companies can expect from digital transformation:

  

The power generation sector shares a warm relationship with digital technology. The advent of the Industrial Internet of Things (IIoT), artificial intelligence (AI), machine learning (ML), big data, and other ground-breaking technologies have changed the way power generation companies operate. The sector is leveraging remote sensing, networked communication, data aggregation, and virtual monitoring and tracking to optimize power generation. However, there are quite a few companies that are struggling to cope up with the superfast pace of change, demand to increase efficiency, and the undying pressure to cut down costs. This is wreaking havoc on traditional models that these companies have been utilizing. It is time for their decentralized and distributed asset models to evolve and shift to the new centralized operations and maintenance landscape.

Implementing short-term changes to respond to immediate demands will hinder value creation in the long run. A robust digital transformation strategy and roadmap that promises a connected experience across the power generation lifecycle is the best way forward. In line with this, Happiest Minds’ digital transformation framework offers power generation companies a reliable path for improving business processes and deriving greater returns on investments with connected assets, a connected workforce, centralized operations, and centralized maintenance.