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Five Key Factors For A Future-Oriented Digital Transformation Of Electric Power Enterprises

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At HUAWEI CONNECT 2020, IDC and Huawei jointly released the white paper for the electric power industry — Building the Future-Ready Power Enterprise: Road to a Successful Digital Transformation.

In the white paper, IDC proposed a methodology for the transformation of electric power enterprises. This methodology supports and aligns with Huawei’s digital transformation methodology. IDC and Huawei follow a similar approach with frameworks and blueprints to help organizations design their digital transformation priorities and set their agenda, which in turn enables power enterprises to deliver the business value of scale.

Electric Power Enterprises Urgently Need New Operating Structures and Business Models

The power industry has long faced disruption. Power enterprises are now facing multiple changes. Management will need new operating structures and business models if power enterprises are to remain key players in the energy ecosystem. As 2020 progresses, COVID-19 has introduced another dimension of change and disruption that business leaders in the power industry must tackle.

Hou Jinming, Deputy Director of the Technology Department of the Global Energy Interconnection Development and Cooperation Organization (GEIDCO) said that “As the advance of global energy reform and energy Internet development, the power sector will take an entirely different shape. It will be decarbonized, digitized, and intelligent.” The implications of the change will impact the management, operations, services, and transaction modes of the electric power industry. Power enterprises must reconsider who the customer is and who the competitor is, a new breed of stakeholders and participants, and how the energy ecosystem works. This will mean new customer engagements, new business models, new competitors, more stakeholders, and increased risks.

Increasing renewables, emerging power consumption devices, multiplying power grid connections, and the integration of energy, information, and transportation networks require power enterprises to systematically improve their response capabilities and the intelligence of their management systems and business processes. This will allow power enterprises to better adapt to complex environments, and enable power systems to operate more securely, adaptively, flexibly, and efficiently. Therefore, high operation data analysis efficiency, rapid and efficient artificial intelligence (AI) decision-making capability, and full-process automation will be crucial to the survival of power enterprises.

Methodology: Five Stages of Digital Transformation of Electric Power Enterprises

To build a future power enterprise, IDC proposes the digital transformation methodology for the electric power industry.

IDC’s maturity model is part of its digital transformation methodology that seeks to provide a framework for companies to build their roadmaps. According to the maturity model, the digital transformation of electric power enterprises is divided into five phases: adhoc, opportunistic, repeatable, managed and optimized.

The factors most critical to the success of power industry digital transformations are as followed: 1. A single enterprise digital strategy; 2. Resolution to make the required organizational and cultural changes; 3. A long-term investment commitment to digital transformation; 4. A platform-based strategy; 5. An enterprise-wide data governance model.

Emilie Ditton, AVP of the Energy and Manufacturing Insights Group, IDC Asia Pacific, believes that modernization, digitalization, and transformation of the grid are an immediate requirement. The transformed digital grid will combine traditional centralized generation, large-scale distributed generation, and renewables as well as enabling visualized management and control of the complex power grid environment. Grid operations will transform from digital grid operations to smart grid operations. New business models will be established, and the power service mode and power grid management mode will be changed.

Huawei: Reliable Partner for Digital Transformation

Collaborating with its enterprise partners, Huawei implements comprehensive awareness, interconnection, and intelligence of various power terminals by integrating 5G, IoT, optical, IP, cloud, big data, and AI technologies into the power system. Through digital transformation, Huawei is committed to assisting customers to develop coping strategies in dealing with industry challenges and seizing future opportunities.

Lu Yongping, Vice President of the Global Energy Business Dept of Huawei Enterprise Business Group, stated that Huawei is a reliable partner for digital transformation. Huawei will facilitate the digital transformation of electric power enterprises through a variety of methods, including assisting in the understanding of their own status quo, the market, and the entire industry ecosystem. Based on extensive digital transformation practices in the energy industry, Huawei has developed an energy ring — ‘1-2-3-2-1’ — a digital transformation framework applicable to the energy industry, in aiding electric power enterprises to realize the vision of their digital transformation goals.

Adhere to one transformation vision: Electric power enterprises should interpret ‘digital transformation’ as a corporate-level transformation strategy and an indispensable element of their overall strategy.

Create two assurance conditions: Develop data literacy levels of enterprises and employees, progress the cultivation of a digital and transformation culture, and build a talent team for digital transformation, supporting enterprises’ digital transformation objectives.

Implement three key processes: Implement integrated management of planning, construction, and operations and ensure that digital transformation is progressing as outlined, so that an organization’s transformation vision can be converted into enterprise value.

Build two core driving forces: Follow service and technology trends and seize opportunities in the future.

Build one basic platform: Build a fully connected digital platform to provide solid foundations for the digital transformation of businesses.

Huawei’s digital transformation methodology is similar to that of IDC, and they complement each other. Both parties believe that digital transformation steps and frameworks need to be planned and established to help electric power enterprises design their digital transformation priorities and set their agenda, which will enable power enterprises to deliver the business value of scale.

Hu Hao, Chief Digital Transformation Officer of the Global Electric Power Industry of Huawei Enterprise BG, pointed out that the global energy industry is facing transformation. The traditional energy consumption structure centered on primary energy is gradually transforming into a new structure centered on secondary energy such as PV and wind power. This will drive the industry evolving towards decarbonized, clean, electrified, and distributed. During the transformation, Huawei will help power enterprises optimize management processes, reduce production costs, improve operation security, and innovate business models. It will also help enterprise customers accelerate digital transformation to achieve the goal of building an intelligent energy system that features multi-energy synergy, ubiquitous connectivity, and intelligent interaction.

For more information, please visit: https://bit.ly/3dH7ZgK.

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Woman Goes Viral For Saying She Can’t Date Or Marry A Man Who Doesn’t Have A Mansion In Lekki Or Banana Island

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A Twitter user has gone viral after tweeting that she cannot date or marry a man who doesn’t have a mansion in Lekki or Banana Island.

The user, who regularly shares incredulous tweets to gain attention, got the attention of Twitter users this time after she shared another such tweet.

She shared a poorly photoshopped image of herself and captioned it, “I can’t Date or Marry a man that does not have a mansion in Lekki or Banana Island. I am too classy to settle for less.”

Woman goes viral for saying she can

Twitter users reacted by calling her out and debating her claim that she’s classy.

Woman goes viral for saying she can

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Technology: Webb Fontaine Announces Important Investments To Open An Artificial Intelligence R&D Centre In Africa

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Webb Fontaine has announced crucial investments into Africa with plans to open an Artificial Intelligence Research and Development Centre on the continent. The move aims to answer to an important demand by Governments globally, to implement an AI-powered solution for Trade.

The R&D Centre was announced by Webb Fontaine founder and Trade Technology Innovator, Jean Gulbenk Gurunlian, during the inaugural Bloomberg Invest Africa online event held this week.

“There is talent in Africa, particularly in technology innovation, but we need more. Webb Fontaine is testament to this with several African led and staffed offices across the region. We are witnessing an age of tremendous advancement across the African continent whereby a wave of digital transformation, new ideas and ways of working are transforming the Trade and Customs landscape.

Webb Fontaine’s new R&D Centre will contribute to this by growing and nurturing fresh local talent, of which there is no shortage in the region, and supporting local governments to drive economic growth powered by the latest innovations and technology. Africa’s top talent will not only develop solutions to benefit the African continent but will build AI applications to be used across the world, contributing to Webb Fontaine’s global mission.”

Since its foundation, Webb Fontaine has strived to evolve the Trade and Customs industry and support governments to improve, facilitate and streamline their processes. The new Centre will be home to large AI engineering teams developing Webb Fontaine’s next-generation AI and machine learning capabilities. Webb Fontaine currently has 5 industry-leading R&D centres across the world.

About Webb Fontaine:
Webb Fontaine is an AI company re-shaping the future of Trade. Trusted by governments globally, Webb Fontaine provides industry-wide solutions to accelerate trade development and modernization. The company uses unique technology including Artificial Intelligence to enable countries to emerge as leaders in the future of trade.

Knowledge transfer is at the core of Webb Fontaine; comprising a team of experts who work across the world, empowering local communities and governments.

As an industry leader with the largest R&D centres in the industry, Webb Fontaine is constantly developing international trade practices connecting countries, borders and people.

For more information visit www.WebbFontaine.com.

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Technology: Vertiv Data Center Cooling Innovation Forum

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What: Vertiv Data Center Cooling Innovation Forum

When: Thursday, December 10th, 2020

Time: 13:00 to 16:00 GMT

Details: You are invited to virtually join Vertiv’s next live event streaming from the Vertiv Customer Experience Center near Padua, Italy, to learn more about the latest innovations in data center cooling and thermal management. The event is part of DCD’s Tech Innovation Days and includes a market trend presentation from industry analyst Omdia, as well as a deep-dive panel discussion looking at the development of new technologies to meet growing scale and demand.

Speakers include:

Giordano Albertazzi, EMEA president, Vertiv

Peter Lambrecht, VP sales key accounts EMEA, Vertiv

Lucas Beran, principal analyst, Omdia

How to Join: Register for free at this link

Agenda: 13:00 – 14:00 – Keynote panel: The evolution of data center cooling: Meeting future demand reliably

This panel explores evolving customer requirements and how Vertiv effectively deals with complex thermal management challenges. The session also includes a market trend presentation from an industry analyst at Omdia, Lucas Beran, who will share the latest insights on market trends, and the main challenges in facing ever-increasing scale and higher-density workloads.

Learn more

14:00 – 15:00 – Product Innovation Showcase from the Vertiv Customer Experience Center

Experience a new range of product innovations with unique augmented reality demonstrations and deep-dive explanations with Vertiv’s product managers.

Learn more

15:00 – 16:00 – Interactive Roundtable

Join the debate with Vertiv experts from across the data center ecosystem to discuss some of the challenges as you see them and ensure you get any key questions answered from the experts themselves.

Learn more

Interviews: If you are interested in talking to any of the speakers, please do contact APO Group on the contact below, and we will endeavor to accommodate your interview request.

More: http://Vertiv.com

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