Data analytics in the utility industry is nothing new. The utility companies have been collecting and analysing utility data in order to optimise their processes and improve their smart grids, at least the data they had available in the past.
The promising Nordic PropTech scene has been on the rise for several years and has attracted the watchful eye of industry experts. Assiduous PropTech companies are busy with creating smart solutions ready to answer the market demand for smart homes and smart buildings.
The digital twin bridge the gap in complex assets between OT systems and the IT environment by capturing data to monitor performance, deterioration and failure, location and safety compliance and remote monitoring systems for scheduling and asset utilisation.
IoT has started to permeate more areas of our lives as more everyday devices are turning “smart” by connecting to the Internet. Not only IoT devices are connected to the Internet, they potentially can communicate with each other by sharing information to make our lives easier.