Coronavirus speeds IoT, analytics adoption among Middle East utilities

The pandemic, while bringing into focus the significant technological progress made by the industry, is throwing up new challenges, including unpredictable electricity consumption patterns.

1 industrial iot smart device power plant electrical utility
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With the coronavirus pandemic shutting down Middle East enterprises and sending workers home, power producers in the region are expected to speed up their adoption of emerging technologies in an attempt to boost efficiencies and cut costs. 

Emerging technology has permeated all aspects of the energy sector, mainly as utilities and energy companies strive to reduce costs, and also shift toward integrating renewable energy resources. Utilization of technologies such as digital twins, AI and big data analytics, and cloud-based internet of things (IoT) operating platforms have allowed for more efficient energy generation.

According to ABI Research, the utility industry worldwide will spend US$14 billion a year throug 2023 to modernise and build smarter infrastructure.

The coronavirus pandemic will speed up the move to technology, especially in the Middle East, where governments and enterprises are already investing in smart energy projects – IT-connected smart grids and smart meters systems – in which energy production and infrastructure are integrated using various technologies and digital interfaces.

"This is not disrupting potential long term plans in terms of digitalization, but it's only accelerating the need for action from the utility sector," said Rui de Sousa, the principal industry and value advisor, energy natural resources, for SAP MENA.

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