In an interview with PEi during Asia Power Week in Bangkok, Susan Peterson Sturm, Digital Lead at ABB Industrial Automation, said: “Our industry is in a tremendous state of transformation, with a lot of forces merging: distributionand generation sides, and functions getting pushed together.
“So to be able to show some proof points around reducing emissions and economic performance – and providing some additional support to very stressed workforces, greater compliance and cybersecurity concerns – is really key.”
At a press conference, ABB said that the power industry in particular is “battling complex challenges and rapid change: shifting and ever-widening regulations, the large-scale integration of renewables and distributed energy resources, the increasing risk of cyberattack, a generational shift in the workforce, aging plant equipment, volatile dynamic pricing and business model disruption”.
It stressed that digitalization, big data and analytics “offer a timely and uniquely powerful solution to solve these challenges. They give power and water companies visibility and insights into the performance of their equipment, plants and fleet that open new ways of operating more competitively in ever-changing markets.”