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Thematic Analysis
Metaverse in Energy – Thematic Intelligence
Metaverse in Energy Thematic Report Overview The metaverse is an important theme for the energy sector because technologies such as digital twins, VR, and AR can add real value in industrial environments. Firstly, energy companies rely on a vast range of industrial assets, and digital twins can support the predictive maintenance of these assets and monitor their performance. AR-based remote assistance solutions can also improve the efficiency of maintenance work. Secondly, employees need to be trained safely and effectively, and...
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Company Profile
AVEVA Group Plc – Company Profile
AVEVA Group Ltd (AVEVA), a subsidiary of Schneider Electric SE, is a provider of engineering software solutions. The company offers design, engineering, operations, data management, digital transformation, cloud services and subscription solutions. It also provides consulting, integration, and lifecycle management services. AVEVA also offers technologies that support the design and through-life operation of engineering projects in chemicals, oil, gas and energy, power and utilities, infrastructure, mining metal minerals, manufacturing, and transportation industries. The company markets its products under AVEVA brand....
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Thematic Analysis
Cloud Computing in Power – Thematic Intelligence
Cloud Computing in Power Market Overview Cloud computing refers to computing delivered as an online service. It encompasses the provision of IT infrastructure, operating systems, middleware, and applications hosted within a data center and accessed by the end-user via the internet. In the power sector, there is the widespread use of infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS) model, and managed cloud service. With volatile geopolitical events, a prevailing energy crisis, an...
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Thematic Analysis
Predictive Maintenance in Power – Thematic Intelligence
Predictive Maintenance in Power Market Thematic Overview The application of predictive maintenance is useful for fixing irregularities and deficiencies before any equipment fails thus avoiding unnecessary and unplanned reactive maintenance. This way the amount of upkeep and repairs needed can be kept low. Predictive maintenance uses data analysis tools and techniques to detect anomalies and defects. Furthermore, the adoption of predictive maintenance technology will deliver failure prediction, fault diagnosis, failure-type classification, and the recommendation of relevant maintenance actions. Power utilities...
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Company Insights
Électricité de France – Digital Transformation Strategies
Electricite de France SA (EDF) has been focusing on using artificial intelligence, cloud, drones, big data, and blockchain to digitally transform its operations. The annual ICT spending of EDF was estimated at $4.2 billion for 2022. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. EDF is an integrated electricity company. It has operations in the generation, transmission, distribution, energy supply, trading, energy services and other related services. The company produces...
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Sector Analysis
Physical Meets Digital – How Digital Twins Help Future-proof Sectors
Digital twins are increasingly gaining traction across a broad spectrum of business applications, given they can seamlessly connect data across physical and digital realms. They are virtual representations intended to accurately represent physical items such as assets, systems, and processes. They employ artificial intelligence (AI), real-time analytics, visualization, and simulation tools to identify, prevent, forecast, and optimize the physical environment. Its key benefits include increased inter-team collaboration, superior risk evaluation and production schedule, real-time remote monitoring​, improved financial decision-making, and...
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Thematic Analysis
Cybersecurity in Mining – Thematic Research
The global cybersecurity market size was $125.6 billion in 2020. The market is projected to grow at a CAGR of 9% during the period 2020-2025. Cybersecurity is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. The IoT sensors, augmented reality (AR) devices, autonomous vehicles, and drones that improve mining operations are equally capable of halting activity if they fall prey to cyberattacks. The operational technology (OT) networks of mining operations are particularly...
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Analyst Opinions
Codeless Tomorrow: Can Low-Code/No-Code Platforms Revolutionize Application Development in Digital Age?
Amidst a growing number of companies pouring millions into digital transformation for business resilience, especially after the lessons from the COVID-19 crisis, low-code, no-code (LCNC) platforms gain momentum to cut down lengthy development cycles to create new applications that meet immediate business needs. The technology is the new paradigm in application development that reduces or eliminates the need for coding. This report highlights the current state of play and the future potential of LCNC in multiple industries such as financial...
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Thematic Analysis
Internet of Things (IoT) in Foodservice – Thematic Research
The IoT in foodservice market size will be valued at $2.3 billion in 2020, growing at a CAGR of more than 6% during the forecast period. Whereas the CAGR for IoT markets across all other industries during the same period will be more than 10%, indicating IoT represents a lesser opportunity for foodservice than for other industries. IoT investment will not be as significant in the foodservice industry as in some other markets, but it will still deliver significant returns....