Modernizing the Energy Industry with MQTT | SPONSORED
The global energy industry, encompassing oil & gas, solar energy, wind energy, etc. is going through tectonic shifts, confirms McKinsey. One of the major contributors to this shift is technological developments, such as digital transformation and digitalization initiatives, which revolutionize the safety, productivity, efficiency and sustainability of energy systems.
A BloombergNEF research study anticipates that power generators will spend $2.8 billion in 2025 on software that optimizes costs, reliability and remote operations. The same report anticipates that 78% of wind capacity will have monitoring software, and 40% of wind farms will use asset performance management (APM) and image analytics for fault diagnostics.
Technologies Impacting the Energy Industry
At the heart of these digital transformation and digitalization initiatives lie technologies like cloud computing, machine learning, Industrial Internet of Things (IIoT), robotics, etc. That said, the energy sector still grapples with challenges of legacy infrastructure and vendor lock-in, even in the era of Utility 4.0.
To address these challenges, the industry needs to integrate outdated existing systems with disruptive digital technologies. This also involves increased interfacing and data exchange between different Operational Technology (OT) systems and Information Technology (IT) systems. In short, we need to increase OT and IT (OT/IT) convergence to improve remote utility asset operations.
This whitepaper from HiveMQ discusses the business drivers for:
- Modernizing the energy sector by seamlessly converging the OT/IT
- Accelerating OT/IT convergence by bringing interoperability to OT/IT
- Advantages of using a modern decoupled architecture
- Benefits of adopting MQTT-based messaging architecture
HiveMQ helps companies connect devices to the Internet. We make it possible to move data from device to cloud in a secure, reliable and scalable manner. Our vision is a connected world where people and companies can unleash their full potential. Over 130 customers, including many Fortune 500 companies, rely on our product in production for mission critical use cases like connected cars, logistics, Industry 4.0 and connected IoT products. Also, you can check Four key challenges for power generation companies.
Further reading: Building a Digital Business Case in the Energy Industry