Smart Home and Residential Utilities: Get Business Value from the Edge
The power and utilities industry is undergoing an evolution. More and more consumers across the globe are taking a hands-on role with their residential energy. Not only are they installing simple, do-it-yourself energy-management devices, such as smart thermostats and smart light bulbs, but they are also demanding better services from their utility providers. Consumers want more choice, optimization, and predictability in their energy usage.
Power and utility companies can respond to this shift from regulated, centralized, and steady to decentralized, consumer-driven energy generation by capturing the value of edge IOT devices. If done right, it can be a significant economic opportunity for power and utilities executives.
The AWS and Intel Collaboration
Executives can capture more value from edge devices and strengthen relationships with their customers by taking advantage of powerful solutions from two of the biggest names in IoT technology: Amazon Web Services (AWS) and Intel. The two companies, longtime collaborators, are launching power and utilities initiatives with the aim of improving customer experiences and boosting energy efficiency.
Extracting Insights and Cutting Costs
AWS and Intel solutions—including analytics, voice services, and security technologies—provide power and utility companies the opportunity to radically change their business. For example, they will be able to gain insights into consumer usage and preference, optimize their services based on that insight, and thus improve customer engagement.
Other benefits and capabilities:
- Ingest heterogenous IoT datasets and extract data insights from the grid to enable demand flexibility and load demand/response management
- Aggregate the energy flexibility of everyday devices to integrate distributed energy sources such as wind and solar, helping reduce marginal energy costs
- Improve equipment monitoring and management, lowering downtime, by processing data faster and acting on it in real time
By implementing AWS and Intel technologies, power and utility companies can stay at the front of their industry’s evolution with secure, compliant, and cost-effective solutions that help maintain and improve relationships with customers.