Insights from Saviant's industry-focused roundtable on 'How the technology teams of Energy providers are missing the mark on data and digital.'
Industry leaders & experts from Siemens, West Monroe Partners, National Energy Research Lab, Plexflo, and Industry 4.0 club share their perspectives during a roundtable presented by Chester Energy & Policy and powered by Saviant Consulting.
LinkedIn LIVE, March 15, 2023:
Industry-focused virtual roundtable (VRT) titled ‘Energy providers and their technology teams are missing the mark on data and digitalization’ was presented on March 15, 2023, by Chester Energy & Policy and powered by Saviant Consulting. The session provided a deeper understanding of the opportunities missed by energy providers & their technology teams, and how they can do much better with their integrated digital transformation initiatives.
The event featured panelists who have extensive experience leading digital transformation initiatives in the energy & utility domain, including -
- Andrew Schechter - Vice President of Digital Utilities for Siemens Advanta,
- Eric Anderson - Director of Energy & Utilities at West Monroe Partners,
- Jignesh Shah - Vice President of Client Services at Saviant Consulting,
- Sayonsom Chanda - Senior Researcher at National Renewable Energy Laboratory & Founder of Plexflo Inc.
Matthew Chester, Founder of Chester Energy & Policy, and Carol Mitchell-Lin, Co-Founder of Industry 4.0 club, moderated the session. The panelists put forth their viewpoints on the topic and discussed multiple factors that come into play for energy providers in relation to digital transformation.
In the discussion, Sayonsom highlighted, “All the data, now available from utilities to the technology partners is helping them in cloud adoption. But the utmost priority now for utilities is the mindset shift for leadership, to encourage the next generation of workers to utilize available data points, which will eventually lead to the development of smart grids and smart cities. "Adding to it, Andrew said, “The shift in mindset is required not just at the utility level or within the utility departments, but also at the government regulatory bodies about digital transformation, grid modernization, and AI/ML is also required."
The session also saw active participation from industry experts in the audience, like Richard (Dick) Brooks, Co-founder & lead software engineer at Reliable Energy Analytics LLC (REA), and Vaibhav Mandrawadker, Program Head & IBU Head, CIO Org. The discussion sparked Vaibhav's curiosity and as a part of the Q&A, he asked, “Do we see any Augmented Reality (AR)/ Virtual Reality (VR) or Metaverse solutions being explored in Energy / Utility section across US or Europe? This can be in any area like Training / Diagnostic / Problem resolution.”
The panelists also shared successful unique case studies across the energy & utilities industry and answered a couple of questions from the audience including, “With so many stakeholders and diversity, is it possible to build an off-the-shelf offering? or will it always be a customized system on top of a software platform?”
Watch the full session here to uncover more insights.
About Siemens Advanta
Siemens Advanta Consulting is the global management consultancy of one of the world’s most innovative engineering and technology companies. Siemens Advanta Consulting navigates companies through their unique digitalization journey – from strategy to operations. Founded in 1996 as the first in-house consultancy in Europe, Siemens Advanta Consulting has significantly shaped the success story of Siemens, being the consulting partner of choice for its own digital transformation. For more information, visit https://www.siemens-advanta.com/
About West Monroe
Inductotherm Group leads the industry in the development and manufacturing of advanced technologies, products, and systems for the heat-driven transformation of metals and specialty materials for the last 60 years. It’s a $750Mn strong group today serving across 40 geographies.
West Monroe is a digital services firm that was born in technology but built for business—partnering with companies in transformative industries to deliver quantifiable financial value. We believe that digital is a mindset—not a project, a team, or a destination—and it is something companies become, not something they do. That is why we work in diverse, multidisciplinary teams that blend management consulting, digital design, and product engineering to move companies from traditional ways of working to digital operating models—and create experiences that transcend the digital and physical worlds. For more information, visit https://www.westmonroe.com/
About Plexflo Inc.
Plexflo unlocks untapped potential in Utilities' Business Intelligence tools, creating a world of possibilities for the regulated electric utility industry. Leveraging its "A.I.-powered Digital Sandbox", users can quickly prototype solutions to their toughest problems: from wildfire risk management strategies involving feeder circuits and emergency power shutdowns, upgrading infrastructure for Electric Vehicle charging, or filling load profile troughs during high solar days! With Plexflo at your fingertips, you will be able to glide into uncharted territory with confidence - expanding what is possible on even the most ambitious projects. Plexflo brings more than just a spark of innovation; it gives your Utility Analytics teams superpowers like never before. For more information, visit https://www.plexflo.com/
About Saviant Consulting
Saviant works with machine manufacturers & industrial engineering businesses, for their data platform engineering, advanced analytics, and intelligent software implementations. Since its founding 8 years ago, Saviant has successfully deployed over 300 industry implementations across USA, Germany, UK & Canada, working with 90% of its clients for over 4 years. It leverages leading cloud & data platforms, like Azure & AWS, to implement custom solutions for use cases across Industrial IoT, Machine Learning, Industrial AI, and cloud-native apps.
Today, Saviant is among a select group of Microsoft & AWS Partners recognized with a number of highest-level accreditations for Cloud Platform, Data Platform, Data Analytics, et al. For more information, visit www.saviantconsulting.com
About Chester Energy & Policy
Chester Energy & Policy provides expert insights into the rapidly developing worlds of clean energy, power utilities, and sustainable business practices. Trusted by dozens of clients and stakeholders across these relevant industries, Chester Energy & Policy consistently delivers market research, data analysis, and work products ranging from white papers to blog posts, podcasts to PowerPoints, key energy sector contacts to personalized data models, and much more. For more information, visit www.chesterenergyandpolicy.com