NewEnergyNews: HIGH TECH TO CUT GRID OUTAGES

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  • The New Energy Stock To Buy?/a>

    Thursday, January 08, 2015

    HIGH TECH TO CUT GRID OUTAGES

    Outage Management Systems; Integration with Smart Grid IT Systems, IT/OT Convergence, and Global Market Analysis and Forecasts

    4Q 2014 (Navigant Research)

    “Utility IT infrastructures across the world are…[introducing] smart grid technologies…[to manage] massive amounts of data from smart meters and increased distributed grid monitoring and intelligence…[N]ew outage management systems (OMSs)…[are] maximizing value with IT/OT convergence, which is also changing the game around how an OMS can prevent outages and restore power more efficiently…[F]ull advanced distribution management systems (ADMSs) with embedded OMS capabilities [and] standalone OMS platforms that are configured to manage information from different databases…According to Navigant Research, global OMS spending is expected to grow from $929.4 million in 2014 to $1.3 billion in 2023…” click here for more

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