Utilities Industry Trends to Watch in 2020

technology trends in utilities industry

The outlook of the utilities industry looks bright in 2020. With the demand for energy and efficiency, it’s more important than ever to pay attention to emerging trends.

AI, Drones, and Technology

As technology becomes more advanced, it puts the utilities construction industry at an advantage. Utilities construction benefits greatly from technology through the use of cloud, analytics, and digital communication tools that improve operations.

Construction sites can utilize machines like drones and robots to record footage and gather information in ways that make sites safer and more efficient. In regard to utilities engineering, the use of augmented and virtual reality gives planners the ability to superimpose digital images and information onto the real world via smartphones and tablets. Workers are able to see 3D renderings of models in real-time to gain a better understanding of the project.

The use of devices on worksites allows for better communication, logistics, and organization. Entire plans and databases are in the palm of hands which increases knowledge sharing and productivity.

Even substations are going digital. The goal of utilities construction is to create and provide efficient, cost-effective, and secure electrical facilities that deliver reliable power solutions. Using digital technology in substations achieves those goals through reduced operating costs, grid longevity, and real-time settings management. A few examples of this technology include fiber-optic cables, digital controls, and robust data analytics.

Lean Utilities Construction

Just as technology is shaping the utilities industry, so are lean principles and new business models. Lean methods offer simple, yet effective solutions for utilities construction. Some of these tools include planning processes, performance measurement, and continuous improvement tools. Although change is inevitable—it is ultimately desired for the better to cut down on waste and inefficiencies. With simple and effective lean techniques, small changes occur over time without anything drastic.

As we head into the next decade, it’s important to focus on the future and look for ways to improve processes to deliver safe and reliable energy to consumers. With the use of technology, digital tools, and improved business practices, the utilities industry is poised to continue growing for the better.

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