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Future of Utilities - Utilities of the Future by Fereidoon P. Sioshansi

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Chapter 5

The Innovation Platform Enables the Internet of Things1

John Cooper1    Siemens PTI, Business Transformation & Solution Engineering, Austin, TX, United States of America

Abstract

This chapter envisions a new role for the electric utility in the 21st century, as a platform for innovation that will support the emerging Internet of Things (IoT). It explains the visionary challenge for utilities to think beyond their current paradigm, describes the Infrastructure-to-Services transformation experienced in the telecom and information industries, the role that platforms play in today’s economy, and the essential nature of innovation in the emerging era of the IoT. As infrastructure matures to support greater personalization and value, utilities ...

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