In February, a massive winter storm led to a power outage in Texas that left more than 4.3 million households, around one third of the state’s electricity customers, without power for several days amid freezing weather. Over 46 gigawatts of power capacity went offline under the extreme cold weather event, resulting in broad-based failure of the power grid. The energy outages also affected the state’s water services, either making tap water unsuitable for drinking or stopping the supply altogether.
Read MoreIf your business is using software with a poorly designed user interface, how much is it costing your bottom line? Perhaps a significant portion of your team’s hours are spent navigating confusing systems, time that would have otherwise been spent on productive projects. Perhaps your team is unable to navigate the systems themselves, necessitating the expense of external technical consultants. The multinational financial services group Citibank recently made an accidental payout of nearly $900M as a result of bad software design. How much do you stand to lose as a result of the usability of your software?
Read MoreThe Internal Revenue Service (IRS) has issued several private letter rulings (PLR) in recent months clarifying the relationship between solar power generation equipment and public utility companies. The main focus is defining whether or not generation equipment with energy pricing based on monthly fees can be treated as public utility property. The designation of generation equipment as public utility property has several important implications, all of which impact how utilities treat the property for tax purposes.
Read MoreThere are many misconceptions surrounding software bots. The term ‘bot’ is applied to a vast array of different technologies, which can make pinning down a precise definition difficult. Clearly the pervasiveness of software bots speaks to how useful they can be. But what exactly are software bots, and what exactly are their capabilities? More importantly, do they have a place in the technological toolbelt of the workforce of tomorrow?
Read MoreThe American Society of Civil Engineers (ASCE) recently gave the US a D grade for drinking water infrastructure and D+ for wastewater infrastructure. How can the richest nation in the world have infrastructure ranked so poorly on the world scale, and what investments are being made to improve our water networks?
Read MoreCloud computing has applications in a wide array of industries, but utilities in particular are well-suited to reap the massive benefits of the cloud. The unique IT requirements of large, regulated organizations managing critical infrastructure are incredibly complex and notoriously difficult to manage. Only through leveraging the cloud can forward-thinking utilities stay on the cutting edge of technological advancement.
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