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Jamie Silk | March 2017
The Internet of Things of EnergyFrom Smart Products To Intelligent Solutions
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• Developments in the IoT of Energy• The opportunities for energy
efficiency, demand response and customer satisfaction
• How the data from the IoT can assist retail and infrastructure in developing strategy
A whistle stop tour of …
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There’s been a dramatic change in: consumer and business technologies, connectivity, sensors, data, analytics, industry/sector convergence.
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Energy is a little smarter: it has efficient/smart appliances and systems, digital retail innovations, smart network upgrades.
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Global experts predict transformation in energy but is it just hype or is New Zealand (NZ) simply different:high use of renewables in NZ; for the tech savvy is it convenience not savings that count?
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Internet of Things of EnergyThe catalyst is coming to transform the IoT of Energy from peripheral smart products to intelligent solutions
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The IoT enables the transactive grid and new consumer opportunities
The
Internet of
Energy Big Data and Analytics
Consumer EnergyAssets
The Sharing Econom
y
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Integrating these can drive dramatic change to energy supply and consumption…
“
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But innovating IoT for energy services can be complex:
Need to understand what engages individuals and their choices.Complex dialogues are costly. Timing is everything.Smart appliances must be simple to use.
Relevance and convenience are key
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The OpportunitiesDevelopments in the IoT of energy needs intelligent, relevant engagement; convenient execution.
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This year’s Consumer Electronics Show is the craziest yet, as the falling cost of sensors means the internet of things is finally a reality…FT.com
“
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The promised maturity of voice artificial intelligence (AI), combined with analytics over our digital footprints, means personalised consumer dialogues are imminent…
“
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Making it convenient, easy and simple to do what you are thinking …Example:… Nvidia’s Spot’s AI mini mikes in wall sockets, or Alexa in your Ford car or device
Voice artificial intelligence
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Facilitating convenient, personally relevant dialogues…Example:… cheap sensors, digital footprints and data analytics to personalise dialogues. XNOR.AI runs on every device
Intelligent Personal Assistants (IPA)
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Enabling building blocks to intelligent and convenient engagements are developing“
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Digital contracts and transaction verification secure real-time logging of every transaction, with instant access for automated decision or settlement…
…anywhere, device to device.
Building block: Blockchain
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Building block: connected hardware
• Choice, functionality and cost• Electric vehicles, connected vehicles,
energy storage, photovoltaic (PV) self-use devices, sensors
• Connected storage choices have proliferated
• CSIRO predicts a 53% decrease in prices by 2025
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Fault Location Isolation and Service Restoration (FLISR), distributed resource management systems, real-time ratings
Building block: the industrial IoT - smart grid
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Standards, cyber-security, product connectivity and continuity are developing but…“
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Energy Smart Tech Investment
2014 to 2015
Global energy smart tech investment
Energy Smart Tech Investment
2015 to 2016
-2% +30%
Source: Bloomberg New Energy Finance 2016
Global energy smart tech investment kicked in to growth in 2016 (as clean energy investment fell 7%)
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The Power of DataHow can the data from the IoT assist retail and infrastructure in developing strategy?
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For strategy to be possible … it is necessary to … evaluate the possible
consequences of alternate courses of action.
Bruce Henderson, BCG, 1981
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• Opens up rich new sources of knowledge to inform strategy
• Will change how we transactand execute every day
• Unlocks the value of the energy internet for consumers and business
The data from the IoT:
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• Optimise across operations, services, products or convergent industries
• Deeply understand consumers (preferences, behaviours, related activities, environmental or material factors)
• Deliver increasingly dynamic, predictive solutions
The energy internet and data analytics can:
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Adapting to analysed operational and environmental data to optimise asset utilisation, asset life, and investment choices.
Asset fleet, network designand operations strategies
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• Chief Data Officers, Data Scientists required
• Architecture for millions of data points and sources
• Maturing analytically from surveillance to optimisation to predictive
• Cyber security
IS strategy adapts to data volume, velocity, variety and complexity
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IoT data provides … • Contextual inputs to what very
different consumers do, why and when • Lead indicators on how their needs and
preferences will change• Dynamic, connected and automated
engagement across convergent sectors
Customer strategy
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The “crazy” AI enabled IoT… … an intelligent, convenient and relevant pathway to new business and consumer outcomes.
The
Internet of Energy
Big Data and Analytics
Consumer EnergyAssets
The Sharing
Economy
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