| Industry Challenge The electricity market is going through major changes since the 1990s. It has been moving from a monopoly structure to a structurally unbundled market, with the corresponding changes in company configurations.
Globally, utility companies are now looking to foster greater energy efficiency, reduce costs and increase services. Today, smart metering and smart grid initiatives are forcing major transformations in the industry. Many utilities are rethinking their business models and business processes as a result of the shift in the way energy is generated, delivered and consumed. Moving towards smart grids implies new technology and IT infrastructure. While the use of smart grids can bring cost savings and greater reliability, the deployment of smart meters will impact key utility processes and will require flexible business operations and IT systems adaptable to changes. Smart meters can provide real-time information about energy consumption and enable continuous communication between a utility company and its customers. A challenge associated with this technological evolution is finding a way to make efficient use of the large amounts of data collected by the meters. How WeDo technologies can helpWeDo technologies is addressing these challenges by helping companies to analyze metering processes, backend operations, customer service, billing processes and by providing services and solutions that will guarantee reduced data loss, with direct impact on the revenue stream and on the bottom line. The joint effort between WeDo technologies and utility companies should be made considering the impacts on the three different pillars that support the business:
WeDo technologies has the expertise not only to help your company defining the organizational responsibility with the associated objectives and KPI’s but also to provide a control system – RAID – that will provide a central, integrated and automated control.
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