The Internet of Things of Energy

Rapid changes in consumer, business and industrial products and technologies, the proliferation of sensors and digital footprints and sophisticated data analytics are driving transformational shifts in many sectors. The energy sector has responded to this change with more efficient products and innovations, but this is modest relative to many others.

jaime silk

by Jaime Silk

Specialist Advisor, New Plymouth

08 August 2017
Woman using tablet to control apps

Rapid changes in consumer, business and industrial products and technologies, the proliferation of sensors and digital footprints and sophisticated data analytics are driving transformational shifts in many sectors. The energy sector has responded to this change with more energy efficient appliances, digital retail innovations and progressive smart grid investments, but this is modest relative to many others.

Key constraints to consumer interest in smarter energy solutions include the potential added complexity and inconvenience in their lives. Additionally, the challenge for an industry with little understanding of their audience is to communicate effectively with their consumers, which is key to driving changes in the consumption of electricity.

The buzz from the 2017 Consumer Electronics Show (CES) suggests this is about to change.

This year’s Consumer Electronics Show is the craziest yet as the falling cost of sensors means the internet of things is finally a reality… - FT.com

The promised maturity of voice artificial intelligence (AI), combined with analytics over our digital footprints, means that highly personalised consumer dialogues are imminent, enabling effortless automated response by consumers. Investment in the building blocks of energy storage, connected devices and electric vehicles is taking off; Bloomberg’s Clean Energy Smart Tech index shows 2016 spend growing 30% after several stagnant years.

The challenge now will be for industry to fuse these virtual and physical trends in to convenient, intelligent solutions appealing to the personal, environmental and social drivers of consumers – creating and sharing value with consumers.

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jaime silk

Jaime Silk

Specialist Advisor

Jamie is a strategic new energy, business innovation advisor and business case specialist with 25 years industry experience in the UK, New Zealand and leading global distributed teams. His capability is founded in a deep analytical ability to understand and simplify complexity, detail and emerging trends to plot the roadmap to a solution. Jamie has previously led a power utility’s research and development team’s innovation for disruptive new energy technologies, created a successful technology start up collaborating with fellow founder science and engineering specialists, and headed product development of global high value clearing products for a leading international bank (including the strategic response to the Euro). Jamie’s expertise has been recognised in participation on a number of national and international expert advisory panels and working groups in the energy and finance sectors.

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