This document discusses moving a Distribution Management System (DMS) to the cloud. Key points:
- DMS is used by distribution centers to efficiently operate distribution networks. It interfaces with GIS, OMS, SCADA and other systems.
- Integrating DMS with other applications eliminates information silos and enhances performance. Benefits include a single login, shared alarms/events.
- Moving DMS to the cloud reduces costs and improves scalability. It provides a fully functional, real-time solution while maintaining security and reliability.
- A "read-only" SCADA could initially interface with the cloud-based DMS. More advanced implementations may host additional applications like AMI, FEP in the
This document discusses the challenges and opportunities presented by changing distribution systems, including increased integration of renewable resources, electric vehicles, energy storage, and power electronics. It outlines problems like complex planning, operation and maintenance as well as the need for improved protection and control. The document explores these issues, opportunities for things like better data analysis and power quality, and challenges around developing standards and policies to support modern distribution systems.
Optimizing distribution network operations involves leveraging leading industry trends such as platform consolidation, IT/OT convergence, big data analytics, and distributed energy resource management. An advanced distribution management system (ADMS) provides a comprehensive network management solution that can integrate monitoring, analysis, control, optimization, planning and training tools on a common infrastructure. Utilities are adopting solutions that leverage internet of things connectivity between intelligent field devices to provide layers of information exchange and control. Distributed energy resources like solar, wind, storage and microgrids can provide utilities alternatives to building new generation and transmission assets when used for peak relief, voltage support and grid resiliency.
Demand response is key to making facilities more competitive and ensuring grid reliability in the face of increasing energy demands and costs. Implementing demand response strategies allows facilities to better manage energy use, reduce costs, and help utilities balance the grid. Tools like enterprise energy management systems and consumption workshops can help identify savings of up to 30% through strategic planning, automated demand management, and cross-facility collaboration. Case studies show global companies cutting annual energy bills by millions through centralized energy procurement and performance benchmarking across their portfolios.
Presented at the 2013 Society of Mining, Metallurgy and Exploration Annual Meeting (SME 2013). Severe weather conditions can affect several aspects of the mining operations including blasting, planning and scheduling, people safety, and flooding. An advanced weather system should deliver real-time critical weather information able to support mining operations and people safety through weather forecast, lightning information, precipitation forecasts, and alerts.
There are many factors in the data center that are driving the new data center design considerations. This slideshare discusses several of the trends in the data center and covers several solutions to implement.
This document discusses the benefits of modular data center design and proposes a common language for specifying modular architectures. It outlines desired characteristics like flexibility, scalability, and cost effectiveness. Standardization and scalability are key goals of modularity. The document defines modular architecture and discusses how modularity can be implemented at different levels and through different linkages between subsystems. Benefits include lower costs, simpler expansion, and pre-characterized performance. Challenges include vendor lock-in and site compatibility. Future trends may include increased packaging of subsystems and the emergence of industry standards.
1. The document discusses key drivers and challenges facing smart grid technologies globally including deregulation, distributed generation, aging infrastructure, growing energy demand and losses, and cybersecurity issues.
2. It provides an overview of the Millener smart grid project in France which implements PV, energy storage, and an energy management solution across two island grids to test aggregator services and business models.
3. Finally, it discusses an Indian smart grid vision and how distribution management systems can be used for volt/VAR optimization to reduce peak demand by 350+ MW through distribution system demand response without requiring changes in customer behavior.
This document discusses the challenges and opportunities presented by changing distribution systems, including increased integration of renewable resources, electric vehicles, energy storage, and power electronics. It outlines problems like complex planning, operation and maintenance as well as the need for improved protection and control. The document explores these issues, opportunities for things like better data analysis and power quality, and challenges around developing standards and policies to support modern distribution systems.
Optimizing distribution network operations involves leveraging leading industry trends such as platform consolidation, IT/OT convergence, big data analytics, and distributed energy resource management. An advanced distribution management system (ADMS) provides a comprehensive network management solution that can integrate monitoring, analysis, control, optimization, planning and training tools on a common infrastructure. Utilities are adopting solutions that leverage internet of things connectivity between intelligent field devices to provide layers of information exchange and control. Distributed energy resources like solar, wind, storage and microgrids can provide utilities alternatives to building new generation and transmission assets when used for peak relief, voltage support and grid resiliency.
Demand response is key to making facilities more competitive and ensuring grid reliability in the face of increasing energy demands and costs. Implementing demand response strategies allows facilities to better manage energy use, reduce costs, and help utilities balance the grid. Tools like enterprise energy management systems and consumption workshops can help identify savings of up to 30% through strategic planning, automated demand management, and cross-facility collaboration. Case studies show global companies cutting annual energy bills by millions through centralized energy procurement and performance benchmarking across their portfolios.
Presented at the 2013 Society of Mining, Metallurgy and Exploration Annual Meeting (SME 2013). Severe weather conditions can affect several aspects of the mining operations including blasting, planning and scheduling, people safety, and flooding. An advanced weather system should deliver real-time critical weather information able to support mining operations and people safety through weather forecast, lightning information, precipitation forecasts, and alerts.
There are many factors in the data center that are driving the new data center design considerations. This slideshare discusses several of the trends in the data center and covers several solutions to implement.
This document discusses the benefits of modular data center design and proposes a common language for specifying modular architectures. It outlines desired characteristics like flexibility, scalability, and cost effectiveness. Standardization and scalability are key goals of modularity. The document defines modular architecture and discusses how modularity can be implemented at different levels and through different linkages between subsystems. Benefits include lower costs, simpler expansion, and pre-characterized performance. Challenges include vendor lock-in and site compatibility. Future trends may include increased packaging of subsystems and the emergence of industry standards.
1. The document discusses key drivers and challenges facing smart grid technologies globally including deregulation, distributed generation, aging infrastructure, growing energy demand and losses, and cybersecurity issues.
2. It provides an overview of the Millener smart grid project in France which implements PV, energy storage, and an energy management solution across two island grids to test aggregator services and business models.
3. Finally, it discusses an Indian smart grid vision and how distribution management systems can be used for volt/VAR optimization to reduce peak demand by 350+ MW through distribution system demand response without requiring changes in customer behavior.
Electric utilities are preparing for the multitude of challenges facing the industry — limited generation to supply increasing energy demand, growing regulatory and customer pressure for increased reliability and reduced carbon emissions, adoption of distributed renewable generation and energy storage, and the inevitability of both an aging workforce and infrastructure.
In a rather short period of time, these challenges have converged, and in doing so, have exposed the need for a comprehensive distribution network monitoring, analysis, and control system.
Utilities that are proactive — building business cases and deploying scalable solutions now — will be best prepared to meet the challenges of today and the future. To assist the industry in achieving their strategic Smart Grid goals, Schneider Electric proudly offers its Advanced Distribution Management
System (ADMS).
“The MMM market is probably the most underestimated
and misunderstood market in the United States,” Greg Magdanz, Director of Schneider Electric’s U.S. Mining, Met -
als, and Minerals Segment (Schneider-electric.com)
As steel operations rely heavily on low-voltage motors, the introduction of new technologies which target motor performance have a direct impact on energy, commissioning and maintenance costs. Networking allows for easy monitoring of critical data of
each motor or load connected to the intelligent motor control center (iMCC), enabling precise process control. However, the iMCC concept isn’t a new technology. Networked protection relays and speed drivers are mature technologies with consolidated acceptance. Explore new trends for iMCCs including new Ethernet technologies, Web, wireless, biometric devices, and new technologies for metering and motor branch circuit protection. Copyright AIST Reprinted with Permission
A key part of implementing Volt-VAR control and optimization is to identify the benefits that can be attributed to VVO. The major challenge is to separate the impacts of VVO (i.e. the VVO benefits) from the impacts of factors not related to VVO, such as changing weather conditions, random customer behavior and routine operational changes (planned switching). Utilities on the panel have performed VVO measurement and verification using different methods. Each presenter will describe how the method works, data requirements, strengths and weaknesses of the approach and results. The session also will summarize work by the IEEE Volt-VAR task force to develop IEEE Guideline P1885 M&V of VVO projects for electric distribution utilities.
The document discusses smart meters and utility metering applications. It describes high-end utility meters that combine energy metering, power quality monitoring, I/O capabilities, and communications. These advanced meters can be used for revenue and tariff metering, power quality analysis, substation automation, equipment monitoring and control, and improving system accuracy. The document also provides examples of how a utility is using power quality monitoring systems to identify issues early, avoid equipment failures, reduce outage times, and lower costs.
Dtech 2015 the distribution management system network modelSchneider Electric
The presentation will illustrate the methodology deployed to achieve an accurate Distribution Network Model at Duke Energy Carolinas. It will also dive in to the impact on various stakeholders in the organization, as well as the change management process that drives the successful implementation of the model.
[Webinar Slides] Advanced distribution management system integration of renew...Schneider Electric
An expert discusses integrating renewables and storage into distribution networks using an Advanced Distribution Management System (ADMS). Key points covered include:
1) ADMS allows utilities to analyze, control, and optimize renewables and energy storage systems on the distribution network.
2) Integrating accurate weather forecasting with ADMS helps maximize the benefits from renewables.
3) Microgrids containing distributed energy resources and demand response can be managed and optimized by ADMS.
Get with the system - Rogerio Martins, Schneider Electric disucsses the advantages of modern distributed control systems in coal handling preparation plants.
[Oil & Gas White Paper] Control Room Management - Alarm Management Schneider Electric
An alarm management program aims to avoid controller overload and ensure accurate alarms that support safe operations. It includes defining an alarm philosophy, benchmarking performance, rationalizing alarms to identify which require a response, and implementing improvement strategies. The highest benefit strategies involve reviewing alarms and adjusting settings, while additional advanced strategies can further reduce alarms over time. Tracking improvements is important as the program evolves with operations.
Integrated Control and Safety - Assessing the Benefits; Weighing the RisksSchneider Electric
While best practice has leaned toward keeping control and
safety isolated from each other, recent enterprise data integration
and cost control initiatives are providing incentive to
achieve some level of integration. This paper describes three
basic integration models, including an “interfaced” approach,
in which separate control and safety communicate via a
custom built software bridge; an “integrated but separate”
approach, in which the disparate systems sit on the same
network, but share information only across isolated network
channels; and a “common” approach, in which both control
and safety systems share a common operating system. The
authors then compare the three approaches according to
compliance with safety standards and cost efficiencies.
Basic Concepts for an Integrated Steel Process Control SystemSchneider Electric
For the past few years, the market was preoccupied with discussions about terminology such as: distributed control systems (DCS), programmable logic controllers (PLC), and the “newcomers” hybrid control systems (HCS) and programmable automation controllers (PAC), and how each should be applied to steel and metals processing applications. Steel manufacturing is an industry that requires specific approaches for control systems; it mixes process, machines, discrete control, several motors, high-availability systems and involves massive amounts of variables and architectures that requires flexible topologies. Better understand these technologies, myths and facts, and learn the real needs and trends for control systems in steel and metals industries, regardless of labels and acronyms. Copyright AIST Reprinted with Permission
Power Protection for Digital Medical Imaging and Diagnostic EquipmentSchneider Electric
Medical imaging and diagnostic equipment (MIDE) is
increasingly being networked to Picture Archiving and
Communications Systems (PACS), Radiology Information
Systems (RIS), Hospital Information Systems
(HIS), and getting connected to the hospital intranet as
well as the Internet. Failing to implement the necessary
physical infrastructure can result in unexpected
downtime, and safety and compliance issues, which
translates into lost revenue and exposure to expensive
litigations, negatively affecting the bottom line. This
paper explains how to plan for physical infrastructure
when deploying medical imaging and diagnostic
equipment, with emphasis on power and cooling.
Maximize Your Data Center for Virtualization InitiativesSchneider Electric
Presentation focuses on the impact virtualization initiatives have on the data center and more importantly the critical
physical infrastructure supporting the data center. Virtualization is an IT strategy that can easily and quickly impact, with potential negative consequences, the reliability and availability of the data center. Understand the effects and some considerations in the implementation of virtualization.
[Case study] Fortum Finland: Gaining real-time intelligence to administer and...Schneider Electric
Fortum Finland is upgrading its power grid with smart meters to gain real-time operational intelligence and meet regulatory requirements. It implemented Schneider Electric's Titanium Smart Metering Services Platform to remotely manage 600,000 customer meters. This allows Fortum to operate its grid more efficiently, enhance security, and integrate renewable energy while maintaining stability. The platform improved billing accuracy, reduced call volumes, and enabled remote service disconnects and debt collection. Fortum plans to leverage the smart grid investment for additional benefits like demand response and outage management.
Schneider Electric offers training programs for installers of their single-phase and three-phase solar inverter systems. Their single-phase training provides hands-on instruction on installing Xantrex, Conext, and GT series inverters, while covering product features and system wiring. Their three-phase training focuses on operating, maintaining, and troubleshooting larger solar farm systems using the GT500 MV, GT500 E, and GT250 inverters. Both programs aim to give installers the working knowledge needed for startup, operation, and maintenance of Schneider Electric's grid-tie inverter solutions.
[White Paper] Europe’s Window of Opportunity for Terminal OperatorsSchneider Electric
As Europe is going through an unprecedented financial and economic crisis,
the oil and gas industry continues to face an uncertain business environment.
Another recession could lead to reduced demand and further increase the
pressure on margins in downstream operations. This has suppliers and buyers
looking to exploit any operational efficiency they can.
Terminal operators play a critical role in helping suppliers and buyers achieve
those efficiencies, and can benefit their own operations while doing so. To gain
a competitive edge, terminal operators need to be mindful of the big trends
in the industry and make sure that their Terminal Automation System (TAS)
is capable of supporting state-of-the-art supply management systems that
suppliers intend to use in order to maximize their efficiency. And for most TAS,
a simple configuration change is all it takes to achieve this.
Application Note: Maintenance Decision Support System (MDSS) for Winter Road ...Schneider Electric
Weather-related delays on U.S. roadways contribute to significant productivity losses. Every year, adverse weather creates more than 500 million vehicle-hours of delay. For trucking companies, these delays add up to $3 billion in lost productivity annually.
The weather’s impact on roadways also takes a toll on human lives. On average, 1,921 people are killed
and 146,647 more are injured each year in accidents involving snow, slush, sleet, and ice.1 Agencies
responsible for road conditions spend $2.3 billion fighting snow and ice, which is approximately 20 percent of their annual maintenance budgets.
When adverse weather threatens road conditions, maintenance managers must take many factors into
consideration in order to plan an effective response:
• Which routes to treat
• When to apply chemicals
• What type of chemical to apply
• What chemical application rate to use
• The cost of the chemicals, fuel, and labor
• The environmental impact of the chemicals
To make the most effective decisions, agencies require technology that provides the best available observed and forecast weather information, integrated with operational recommendations.
For the ground transportation industry, this tool is known as a MDSS, first developed in 2001. The MDSS
integrates relevant road weather forecasts, coded maintenance rules of practice, and maintenance
resource data to provide winter maintenance managers with recommended road treatment strategies, based on available resources and best practices.
This document summarizes TATA Power Delhi Distribution Limited's (TPDDL) smart grid journey and technology roadmap. It discusses TPDDL's service area and customer base. It outlines TPDDL's adoption of technologies like SCADA, DMS, AMI and integration with IT systems. TPDDL has implemented various smart grid projects including a smart metering and automated demand response pilot, and analyzes results showing peak load reduction. The document discusses TPDDL's vision for distributed energy resources, demand side management, and new technologies to achieve a smarter grid with benefits like reduced losses and dynamic pricing.
How the Convergence of IT and OT Enables Smart Grid DevelopmentSchneider Electric
The goal for any utility that invests in smart grid technology is to attain higher efficiency and reliable performance.
A smart grid platform implies the convergence of Operations Technology (OT) – the grid physical infrastructure assets and applications–and Information Technology (IT) – the human interface that enables rapid and informed decision making.
This paper describes best practices for migrating to a scalable, adaptable, smart grid network.
Electric utilities are preparing for the multitude of challenges facing the industry — limited generation to supply increasing energy demand, growing regulatory and customer pressure for increased reliability and reduced carbon emissions, adoption of distributed renewable generation and energy storage, and the inevitability of both an aging workforce and infrastructure.
In a rather short period of time, these challenges have converged, and in doing so, have exposed the need for a comprehensive distribution network monitoring, analysis, and control system.
Utilities that are proactive — building business cases and deploying scalable solutions now — will be best prepared to meet the challenges of today and the future. To assist the industry in achieving their strategic Smart Grid goals, Schneider Electric proudly offers its Advanced Distribution Management
System (ADMS).
“The MMM market is probably the most underestimated
and misunderstood market in the United States,” Greg Magdanz, Director of Schneider Electric’s U.S. Mining, Met -
als, and Minerals Segment (Schneider-electric.com)
As steel operations rely heavily on low-voltage motors, the introduction of new technologies which target motor performance have a direct impact on energy, commissioning and maintenance costs. Networking allows for easy monitoring of critical data of
each motor or load connected to the intelligent motor control center (iMCC), enabling precise process control. However, the iMCC concept isn’t a new technology. Networked protection relays and speed drivers are mature technologies with consolidated acceptance. Explore new trends for iMCCs including new Ethernet technologies, Web, wireless, biometric devices, and new technologies for metering and motor branch circuit protection. Copyright AIST Reprinted with Permission
A key part of implementing Volt-VAR control and optimization is to identify the benefits that can be attributed to VVO. The major challenge is to separate the impacts of VVO (i.e. the VVO benefits) from the impacts of factors not related to VVO, such as changing weather conditions, random customer behavior and routine operational changes (planned switching). Utilities on the panel have performed VVO measurement and verification using different methods. Each presenter will describe how the method works, data requirements, strengths and weaknesses of the approach and results. The session also will summarize work by the IEEE Volt-VAR task force to develop IEEE Guideline P1885 M&V of VVO projects for electric distribution utilities.
The document discusses smart meters and utility metering applications. It describes high-end utility meters that combine energy metering, power quality monitoring, I/O capabilities, and communications. These advanced meters can be used for revenue and tariff metering, power quality analysis, substation automation, equipment monitoring and control, and improving system accuracy. The document also provides examples of how a utility is using power quality monitoring systems to identify issues early, avoid equipment failures, reduce outage times, and lower costs.
Dtech 2015 the distribution management system network modelSchneider Electric
The presentation will illustrate the methodology deployed to achieve an accurate Distribution Network Model at Duke Energy Carolinas. It will also dive in to the impact on various stakeholders in the organization, as well as the change management process that drives the successful implementation of the model.
[Webinar Slides] Advanced distribution management system integration of renew...Schneider Electric
An expert discusses integrating renewables and storage into distribution networks using an Advanced Distribution Management System (ADMS). Key points covered include:
1) ADMS allows utilities to analyze, control, and optimize renewables and energy storage systems on the distribution network.
2) Integrating accurate weather forecasting with ADMS helps maximize the benefits from renewables.
3) Microgrids containing distributed energy resources and demand response can be managed and optimized by ADMS.
Get with the system - Rogerio Martins, Schneider Electric disucsses the advantages of modern distributed control systems in coal handling preparation plants.
[Oil & Gas White Paper] Control Room Management - Alarm Management Schneider Electric
An alarm management program aims to avoid controller overload and ensure accurate alarms that support safe operations. It includes defining an alarm philosophy, benchmarking performance, rationalizing alarms to identify which require a response, and implementing improvement strategies. The highest benefit strategies involve reviewing alarms and adjusting settings, while additional advanced strategies can further reduce alarms over time. Tracking improvements is important as the program evolves with operations.
Integrated Control and Safety - Assessing the Benefits; Weighing the RisksSchneider Electric
While best practice has leaned toward keeping control and
safety isolated from each other, recent enterprise data integration
and cost control initiatives are providing incentive to
achieve some level of integration. This paper describes three
basic integration models, including an “interfaced” approach,
in which separate control and safety communicate via a
custom built software bridge; an “integrated but separate”
approach, in which the disparate systems sit on the same
network, but share information only across isolated network
channels; and a “common” approach, in which both control
and safety systems share a common operating system. The
authors then compare the three approaches according to
compliance with safety standards and cost efficiencies.
Basic Concepts for an Integrated Steel Process Control SystemSchneider Electric
For the past few years, the market was preoccupied with discussions about terminology such as: distributed control systems (DCS), programmable logic controllers (PLC), and the “newcomers” hybrid control systems (HCS) and programmable automation controllers (PAC), and how each should be applied to steel and metals processing applications. Steel manufacturing is an industry that requires specific approaches for control systems; it mixes process, machines, discrete control, several motors, high-availability systems and involves massive amounts of variables and architectures that requires flexible topologies. Better understand these technologies, myths and facts, and learn the real needs and trends for control systems in steel and metals industries, regardless of labels and acronyms. Copyright AIST Reprinted with Permission
Power Protection for Digital Medical Imaging and Diagnostic EquipmentSchneider Electric
Medical imaging and diagnostic equipment (MIDE) is
increasingly being networked to Picture Archiving and
Communications Systems (PACS), Radiology Information
Systems (RIS), Hospital Information Systems
(HIS), and getting connected to the hospital intranet as
well as the Internet. Failing to implement the necessary
physical infrastructure can result in unexpected
downtime, and safety and compliance issues, which
translates into lost revenue and exposure to expensive
litigations, negatively affecting the bottom line. This
paper explains how to plan for physical infrastructure
when deploying medical imaging and diagnostic
equipment, with emphasis on power and cooling.
Maximize Your Data Center for Virtualization InitiativesSchneider Electric
Presentation focuses on the impact virtualization initiatives have on the data center and more importantly the critical
physical infrastructure supporting the data center. Virtualization is an IT strategy that can easily and quickly impact, with potential negative consequences, the reliability and availability of the data center. Understand the effects and some considerations in the implementation of virtualization.
[Case study] Fortum Finland: Gaining real-time intelligence to administer and...Schneider Electric
Fortum Finland is upgrading its power grid with smart meters to gain real-time operational intelligence and meet regulatory requirements. It implemented Schneider Electric's Titanium Smart Metering Services Platform to remotely manage 600,000 customer meters. This allows Fortum to operate its grid more efficiently, enhance security, and integrate renewable energy while maintaining stability. The platform improved billing accuracy, reduced call volumes, and enabled remote service disconnects and debt collection. Fortum plans to leverage the smart grid investment for additional benefits like demand response and outage management.
Schneider Electric offers training programs for installers of their single-phase and three-phase solar inverter systems. Their single-phase training provides hands-on instruction on installing Xantrex, Conext, and GT series inverters, while covering product features and system wiring. Their three-phase training focuses on operating, maintaining, and troubleshooting larger solar farm systems using the GT500 MV, GT500 E, and GT250 inverters. Both programs aim to give installers the working knowledge needed for startup, operation, and maintenance of Schneider Electric's grid-tie inverter solutions.
[White Paper] Europe’s Window of Opportunity for Terminal OperatorsSchneider Electric
As Europe is going through an unprecedented financial and economic crisis,
the oil and gas industry continues to face an uncertain business environment.
Another recession could lead to reduced demand and further increase the
pressure on margins in downstream operations. This has suppliers and buyers
looking to exploit any operational efficiency they can.
Terminal operators play a critical role in helping suppliers and buyers achieve
those efficiencies, and can benefit their own operations while doing so. To gain
a competitive edge, terminal operators need to be mindful of the big trends
in the industry and make sure that their Terminal Automation System (TAS)
is capable of supporting state-of-the-art supply management systems that
suppliers intend to use in order to maximize their efficiency. And for most TAS,
a simple configuration change is all it takes to achieve this.
Application Note: Maintenance Decision Support System (MDSS) for Winter Road ...Schneider Electric
Weather-related delays on U.S. roadways contribute to significant productivity losses. Every year, adverse weather creates more than 500 million vehicle-hours of delay. For trucking companies, these delays add up to $3 billion in lost productivity annually.
The weather’s impact on roadways also takes a toll on human lives. On average, 1,921 people are killed
and 146,647 more are injured each year in accidents involving snow, slush, sleet, and ice.1 Agencies
responsible for road conditions spend $2.3 billion fighting snow and ice, which is approximately 20 percent of their annual maintenance budgets.
When adverse weather threatens road conditions, maintenance managers must take many factors into
consideration in order to plan an effective response:
• Which routes to treat
• When to apply chemicals
• What type of chemical to apply
• What chemical application rate to use
• The cost of the chemicals, fuel, and labor
• The environmental impact of the chemicals
To make the most effective decisions, agencies require technology that provides the best available observed and forecast weather information, integrated with operational recommendations.
For the ground transportation industry, this tool is known as a MDSS, first developed in 2001. The MDSS
integrates relevant road weather forecasts, coded maintenance rules of practice, and maintenance
resource data to provide winter maintenance managers with recommended road treatment strategies, based on available resources and best practices.
This document summarizes TATA Power Delhi Distribution Limited's (TPDDL) smart grid journey and technology roadmap. It discusses TPDDL's service area and customer base. It outlines TPDDL's adoption of technologies like SCADA, DMS, AMI and integration with IT systems. TPDDL has implemented various smart grid projects including a smart metering and automated demand response pilot, and analyzes results showing peak load reduction. The document discusses TPDDL's vision for distributed energy resources, demand side management, and new technologies to achieve a smarter grid with benefits like reduced losses and dynamic pricing.
How the Convergence of IT and OT Enables Smart Grid DevelopmentSchneider Electric
The goal for any utility that invests in smart grid technology is to attain higher efficiency and reliable performance.
A smart grid platform implies the convergence of Operations Technology (OT) – the grid physical infrastructure assets and applications–and Information Technology (IT) – the human interface that enables rapid and informed decision making.
This paper describes best practices for migrating to a scalable, adaptable, smart grid network.
Service quality has become increasingly important to a service organization and information technology has become more integral to a firm. The presentation deals with how a state of the art smart grid technology based project was actually implemented in India by the author along with all the facets of advanced Information Technology integration in Utility Operations. Deals with Advanced Billing System, DSM,SCADA, DMS, OMS, GIS, SAP, AMR, ICUCCS, CRM, etc.Therefore, one of the challenges is to manage IT to enhance service quality.
Follow up to this presentation one has to also refer to a research.The objective of the research was to understand the relationship between Smart Grid Technology and service quality. Concepts from management information systems, communications and strategy have been integrated in a conceptual model which describes the management of IT to improve service quality. The case study of an electric utility helped in the development of the research model. The survey was customized according to information technologies and services in the electric utility industry. The correlation analysis results show that the variables in the hypotheses are correlated and the result is highly significant. The multiple regression and path analysis of quantitative data has supported the hypotheses of the research study. The results have shown that system quality, information quality and employee IT characteristics influence employee IT performance, which in turn influences the service quality at the organizational level. How Smart Grid Implementation support directly impacts service quality
This document contains the questions and answers from a webinar on best practices for IT-OT convergence. The Q&A covers topics such as defining the line between IT and OT, how data analytics and cyber security will play a role in convergence, steps for developing an integrated IT-OT architecture, and questions specific to Burbank Water and Power's systems. Contact information is provided for Jeff Meyers, John Dirkman, and Fred Fletcher from Schneider Electric and Burbank Water and Power for any additional questions.
This document discusses the merging of IT and OT systems due to increased connectivity from IoT devices and the need for cooperation between IT and OT on security strategies. Experts provide perspectives on how IoT is changing the relationship and highlight that while IT and OT have different skills and responsibilities, cooperation and cross-training are essential for security. They recommend practical tips like communication, collaboration, integration, observation and role-based training to help IT and OT work together effectively.
Global Distribution Systems - Part 2 of 5: Past, present and yet to come: GDS...Edutour
An overview of the development of the major GDS systems like Amadeus, Galileo, Sabre and Worldspan, the airline distribution model and the future of those systems.
Lesson 3: From Computer Reservation Systems to Global Distribution SystemsAngelina Njegus
Introduction to Computer Reservation Systems
Typical CRS Functions
Evolution of CRS
Global Distribution Systems
GDS Organisations
Challenges for CRS/GDS
Big Data
IT OT Integration_Vishnu_Murali_05262016_UPDATEDVishnu Murali
The document discusses a 2015 survey that found collaboration between IT and OT teams is lacking in many manufacturers. Less than half of respondents said the teams collaborated on upgrading systems, and only 37% reported collaborating on technical issues. Nearly 10% reported no collaboration. The document also discusses challenges with integrating IT and OT, including different approaches, skill sets, and priorities around availability, security, and real-time response. It presents a framework for levels of IT-OT integration, from research to transformation, and questions for discussion around challenges, skills gaps, security approaches, and stakeholder buy-in.
Global Distribution Systems (GDS) started in the 1950s to automate airline reservations which were previously done with index cards. The first GDS, SABRE, was created through a partnership between American Airlines and IBM in 1960. There are now four major GDS: Amadeus, Sabre, Galileo, and Worldspan. GDS allow travel agencies to book flights, hotels, and other travel services. However, airlines have sought to reduce their reliance on GDS and associated fees by establishing their own direct booking channels. This has led to increased competition and new entrants trying to replace the traditional GDS model.
Mindtree has deep domain understanding and rich experience across the entire value chain of energy and utilities enterprises in the areas of semiconductors, M2M integration, system and application software, Business Intelligence (BI) and data analytics to cloud enablement. Mindtree has helped leading technology and CIO organizations to build successful products and solutions for the smart grid.
System Center 2012 allows organizations to manage their private and public cloud resources from a single interface by integrating existing IT assets into a private cloud and complementing it with public cloud services. It enables businesses to deliver flexible infrastructure using their existing resources, gain insights into application performance to address issues proactively, and provide self-service access to infrastructure and applications across hybrid clouds.
Cloud Computing: A study of cloud architecture and its patternsIJERA Editor
Cloud computing is a general term for anything that involves delivering hosted services over the Internet. Cloud computing is a paradigm shift following the shift from mainframe to client–server in the early 1980s. Cloud computing can be defined as accessing third party software and services on web and paying as per usage. It facilitates scalability and virtualized resources over Internet as a service providing cost effective and scalable solution to customers. Cloud computing has evolved as a disruptive technology and picked up speed with the presence of many vendors in cloud computing space. The evolution of cloud computing from numerous technological approaches and business models such as SaaS, cluster computing, high performance computing, etc., signifies that the cloud IDM can be considered as a superset of all the corresponding issues from these paradigms and many more. In this paper we will discuss Life cycle management, Cloud architecture, Pattern in Cloud IDM, Volatility of Cloud relations.
This document discusses two ArcGIS applications deployed in the cloud by the Forest Health Technology Enterprise Team (FHTET). A public Forest Pest Conditions Viewer application allows users to explore forest pest impact data. A secured Disturbance Mapper application uses remote sensing data to identify disturbed forest areas and enable analysis of the causes and effects of disturbances. Both applications were built with ArcGIS Server 10 and deployed to Amazon Web Services, demonstrating how custom ArcGIS applications can be quickly deployed to the cloud.
This document discusses two ArcGIS applications deployed in the cloud by the Forest Health Technology Enterprise Team (FHTET). A public Forest Pest Conditions Viewer application allows users to explore forest pest impact data. A secured Disturbance Mapper application uses remote sensing data to identify disturbed forest areas and enable analysis of the causes and effects of disturbances. Both applications were built with ArcGIS Server 10 and deployed to Amazon Web Services for scalability and convenience.
System Center Datacenter Cloud Management Vision & RoadmapAmit Gatenyo
This document outlines Microsoft's vision and roadmap for System Center Cloud and Datacenter Management. It discusses increasing pressures on IT from business users to provide services faster, cheaper, and more scalable. Microsoft is committed to bringing its experience from public clouds like Windows Azure to help customers build and manage private clouds. The future roadmap focuses on delivering common management experiences across private and public clouds through features like self-service provisioning, delegation and control, and application visibility. Key components will include capabilities for infrastructure and application management, automation, and integration across System Center products and clouds.
Open Data Center Alliance Solution Provider Panel Discussion at 2011 Intel Developer Forum
Panel: Marvin Wheeler, ODCA Chair; Winston Bumpus, VMware; Brent Schroeder, Dell; Shannon Williams, Citrix; Gordon Haff, Red Hat; Sanjog Gad, EMC
This document describes a cloud-based SCADA system for the oil and gas industry. It includes typical architectures with thin client stations accessing online and historical information from a cloud-based SQL Server database. The cloud computing model allows for on-demand access to configurable resources. It then discusses PML, a mud logging services company that selected InduSoft's SCADA solution to provide increased information availability to clients, improve system uptime through online diagnostics, and outsource non-core engineering while in-sourcing core analyzer technology. The proposed PML EDGE architecture leverages InduSoft to enable remote monitoring, configuration, calibration, integration of data, and mobile access for local operation and remote analysis.
SCADA packages for Power Distribution UtilitiesChanmeet Singh
The document discusses SCADA solutions for power distribution utilities. It describes the key elements of a SCADA system including sensors, RTUs/PLCs, communication systems, and HMI computers. It also outlines different levels in a SCADA system from the field to the enterprise level. Several popular SCADA software packages and their features are mentioned, such as Spectrum Power from Siemens, Oasys from Televant, and Network Manager from ABB. Key applications for transmission and distribution operations are also highlighted.
This document discusses cloud computing and related topics. It begins with definitions of cloud computing and cloud storage. It then covers cloud architecture, virtualization, cloud services and service models (SaaS, PaaS, IaaS). The document discusses private, public and hybrid cloud types and provides examples. It also discusses cloud management strategies and tools. Opportunities and challenges of cloud computing are presented.
This document discusses how a large Asian low-cost airline migrated their web frontend to AWS public cloud to gain scalability. During quarterly sales promotions, the airline's website would go down within minutes due to a surge in traffic that exceeded their existing infrastructure capacity. By using AWS, the airline was able to automatically provision over 60 servers within 25 minutes before each promotion to handle the increased load. This improved site availability and helped convert more customers, while reducing promotion infrastructure costs by 40%. After each promotion, the extra infrastructure was turned off to avoid unnecessary costs.
The document discusses the requirements for successful deployment of private clouds, including robust virtualization platforms, standardized virtual machine images, lifecycle management of images, monitoring of virtual workloads, and automated provisioning. It states that IBM is well-positioned to help customers deploy private clouds through integrated solutions like CloudBurst, IBM Service Delivery Manager, or Tivoli Service Automation Manager. Customers can choose solutions tailored to their needs and timeline for returning on investment in private clouds.
This document discusses the deployment of private clouds with IBM systems and software. It outlines the basic technical requirements for private clouds, such as robust virtualization platforms and good management tools. It also discusses the need for standardizing virtual machine images and automating provisioning tasks. Once these practices are in place, private clouds can introduce cost savings by eliminating administrative overhead through self-service catalogs. IBM is well-positioned to help customers deploy private clouds through solutions like CloudBurst, IBM Service Delivery Manager, and Tivoli Service Automation Manager that support virtualization on IBM server platforms.
A Pathway Towards Smart Grids Through an Open IEC Based Software ArchitectureLandis+Gyr
The document discusses a pathway towards smart grids through an open IEC-based software architecture. It proposes a reference architecture that separates the data model from the underlying communication and data acquisition systems to enable new business applications. The architecture is based on international standards, particularly the IEC 61968 series, to ensure interoperability and maximize return on investment for utilities.
This document provides a summary of leading retail technology companies in Israel categorized by their area of specialization. It lists the company name, category, website, brief description, and key technologies. Some of the companies profiled include Amitec in autoID and MES technologies, ComAbility in autoID backend operations, Ituran in autoID backend location and control services, and Modelity in autoID backend technologies. Several companies working in autoID RFID are also listed such as AeroScout, BOS, Erflex, and Etcom RFID. The document finally profiles some companies in the call center space including Fenavic, ITCtech, and Verint.
The document describes a plant information management system called DataMAX that provides comprehensive real-time and historical analysis of plant data. It offers enterprise-wide visibility of operations to enhance collaboration and decision-making. DataMAX provides a complete data management solution on a robust and versatile architecture to manage all plant floor data through a user-friendly interface. It redefines the role of a high-performance real-time historian and aims to align business and technical processes.
ServicePilot ISM Enterprise Datasheet [EN]ServicePilot
ISM Enterprise is an integrated service management platform that provides unified performance, availability, and service level management across networks, servers, applications, databases, and more. It simplifies infrastructure management and reduces costs. Key benefits include ensuring optimal infrastructure performance to support business needs, simplifying management through an easy-to-use interface, and providing reporting for service level agreements and capacity planning. The solution supports hundreds of technologies out-of-the-box and can scale from 150 to hundreds of thousands of devices.
What are the issues integration in integrating sensor nets and other distributed systems collecting and sharing real time data? How does RTI's Data Distribution Service address the integration needs without sacrificing the real-time collaboration constraints?
AppViewX's ADC+ platform provides centralized management, automation, and orchestration of multi-vendor application delivery controllers (ADCs) across data centers. It offers role-based access, self-service templates, upgrade and backup capabilities, application monitoring, automated workflows, analytics and reporting. ADC+ simplifies operations and reduces errors and costs associated with managing heterogeneous ADC environments.
This document discusses the benefits of moving enterprise utility GIS systems to the cloud. It begins by outlining challenges utilities currently face, such as increased data volume and complexity from smart grid technologies. This has led to greater data management challenges around quality, timeliness, and integration. The document then argues that the cloud can help address these issues by providing benefits like reduced costs, increased storage, flexibility, and mobility. It also allows IT teams to focus less on infrastructure maintenance. Finally, the document presents a two-step solution approach using ArcFM software hosted in the cloud to provide utilities with a complete GIS system.
Similar to Alstom Grid And Capgemini Form Global Alliance For Smart Grid: About the First Cloud-Based Integrated Distribution Management System (20)
This document outlines 10 top trends in the healthcare industry for 2022 according to research by Capgemini. The trends include: 1) COVID-19 fast-tracking digital health and remote care delivery; 2) A focus on patient-centric, personalized care and shoppable healthcare experiences; 3) Adopting a whole-patient approach and understanding social determinants of health; 4) Using real-time healthcare data and IoMT to improve medical management; 5) Increased involvement of non-traditional players like BigTech firms; 6) Modernization efforts and cloud adoption in the industry; 7) Prioritizing pricing transparency and shoppable healthcare; 8) Increased focus on data privacy and security; 9) Margin pressures triggering
A combination of factors − the pandemic, catastrophic weather events, evolving policyholder expectations, and insurers’ drive for operational efficiency and future relevance − are sparking P&C industry changes.
In a post-COVID, new-normal environment, the most strategic insurers are building resilient, crisis-proof enterprises poised to take advantage of emerging and future business opportunities. They are leveraging advanced data analytics and novel technologies to assure agility and achieve positive revenue and customer satisfaction outcomes. Competitive advantage will hinge on accelerated digitalization and faster go-to-market. Therefore, win-win partnerships and embedded services with InsurTechs and other ecosystem players are critical.
Read Capgemini’s Top P&C Insurance Trends 2022 for a glimpse at the tactical and strategic initiatives carriers are undertaking to boost customer-centricity, product agility, intelligent processes, and an open ecosystem to ensure profitable growth and future-readiness.
This analysis provides an overview of the top trends in the commercial banking sector as they shift to technology high gear to boost client efficiency and battle a volatile, uncertain, competitive, and evolving landscape.
First, it was retail banking. Now, advanced technology is shifting to – and disrupting − the commercial banking space. Many commercial banks, known for paperwork, red tape, and branch dependency, were unprepared to support clients during their post-COVID-19 ramp-up. But now, the digital pivot to new mindsets, partnerships, and processes is in overdrive.
As commercial banks grapple with competition from FinTechs, BigTechs, and alternative lenders, their inability
to fulfill SME demands and pandemic after-shocks necessitates transformative process changes and a move
to experiential, sustainable, and inclusive banking models. We expect banks to strive to meet the demands
of corporate clients and SMEs by digitally transforming critical workflows and improving client experience.
Additionally, incremental process improvements in the middle and back-office that leverage intelligent
automation will keep the competition at bay because engaged clients are loyal.
Adopting newer methods to mine data and moving to as-a-Service models will prepare commercial banks
to flexibly respond to newcomers and find ways to co-exist through effective collaboration. The time has come for commercial banks to put transformation on the fast track as lending losses in wallet and market share could spill over to other functions!
How incumbents react and respond to 2022 trends could determine their relevancy and resiliency in the years ahead.
The Covid-19 pandemic necessitated the payments industry undergo a facelift, sparked by novel approaches from new-age players, fostered by industry consolidation, and customers’ demand for end-to-end experience. Crossing the threshold, the industry is entering a new era – Payments 4.X, where payments are embedded and invisible, and an enabling function to provide frictionless customer experience. As customers make a permanent shift to next-gen payment methods, Digital IDs are critical for a seamless payment experience. The B2B payments segment is witnessing rapid digitization. BigTechs, PayTechs, and industry newcomers are ready to jump in with newfangled solutions to help underserved small to medium-sized businesses (SMBs).
As incumbents struggle with profits, new-age firms are forging ahead to take the lead in the Payments 4.X era by riding the success of non-card products and services. The new era demands collaboration, platformification, and firms can unleash full market potential only by embracing API-based business models and open ecosystems. Data prowess and enhanced payment processing capabilities are inevitable to thrive ahead. The clock is ticking for banks and traditional payments firms because the competitive advantage is not guaranteed forever. As industry players seek economies of scale, consolidations loom, and non-banks explore new territories to threaten incumbents’ market share. While all these 2022 trends are at play, central bank digital currency (CBDC) is emerging globally and might open a new chapter in the current payments landscape.
As we slowly move out of the pandemic, financial services firms have learned the criticality of virtual engagement to business resilience. Wealth management firms will need capabilities to cater to new-age clients and deliver new-age services. This report aims to understand and analyze the top trends in the Wealth Management industry this year and beyond.
A year ago, our Top Trends in Wealth Management report emphasized how the pandemic sparked disruption and digital transformation and changing investor attitudes around Environmental, Social, and Corporate Governance (ESG) products. As we begin 2022, many of those trends continue to hold as COVID-19’s wide-reaching effects continue to influence the wealth management industry.
As wealth management (WM) firms supercharge their digital transformation journeys, investments in cybersecurity and human-centered design are becoming critical to building superior digital client experience (CX). Another holdover trend − sustainable investing – is gaining mainstream attention and generating increasingly sophisticated client demands. Data and analytics capabilities will become ever more essential for ESG scoring and personalized customer engagement. As large financial services firms refocus on their wealth management business while new digital players make industry strides, competition is becoming historically intense. Not surprisingly, client experience is the new battleground.
This analysis provides an overview of the top trends in the retail banking sector driven by the competition, digital transformation, and innovation led by retail banks exploring novel ways to create and retain value in evolving landscape.
COVID-19 caught banks off guard and shook legacy mindsets to the core. With 20/20 (2020) hindsight, firms are more aware, digitally resilient, and financially stable as they head into 2022. The trials of the past 18 months forced firms to shore up existing business and consider new models and revenue streams.
Customer-centricity remains at the top of most FS agendas and is a 2022 focal point. Banks will focus on achieving operational excellence as diligently as delivering superior CX. In 2022 and beyond, it will be paramount for FIs to explore and invest in new technologies to remain relevant and resilient.
Banking 4.X will arrive in full force in 2022 with platform-supported firms monetizing diverse ecosystem capabilities and aggressively harvesting data to create experiential customer journeys through intelligent and personalized engagements. The new era will compel future-focused banks to finally abandon legacy infrastructure and collaborate with third-party specialists to solidify their best-fit, long-term roles. Increasingly, open platforms will make banks invisible as banking becomes embedded into customer lifestyles. At the same time, banks will shed asset-heavy models and shift to the cloud for greater agility, speed to market, and faster innovation. The shift will act as a precursor to adopting new technologies on the horizon – 5G and Decentralized Finance.
The recent past was filled will extraordinary lessons for financial institutions. Now is the time to act on those learnings and move forward profitably.
While COVID-19 has sparked the demand for life insurance, it has also exposed the operating model vulnerabilities in distribution, servicing, and customer retention. In a post-COVID, new-normal environment, insurers need to enhance their capabilities around advanced data management and focus on seamless and secure data sharing to provide superior CX and hyper-personalized offerings. Accelerated digitalization and faster go-to-market are vital to remaining competitive, and win-win partnerships with ecosystems are critical in the journey.
Read our Top Life Insurance Trends 2022 to explore the tactical and strategic initiatives carriers undertake to acquire competencies around customer centricity, product agility, intelligent processes, and an open ecosystem to ensure profitable growth and future readiness.
Property & Casualty Insurance Top Trends 2021Capgemini
The Property & Casualty insurance landscape is evolving quickly with the changing risk landscape, entry of new players, and changing customer expectations. The ripple effects of COVID-19 on the P&C insurance industry and natural disasters such as forest fires have adversely impacted insurance firm books.
In this scenario, to ensure growth and future-readiness, the most strategic insurers strive to be ‘Inventive Insurers’ – assuming a customer-centric approach, deploying intelligent processes, practicing business resilience and go-to-market agility, and embracing an open ecosystem.
Read our Property & Casualty Insurance Top Trends 2021 report to explore the strategies insurers are adapting to remain competitive amidst the evolving business landscape and how they can explore new ways to enhance their profitability.
A combination of factors such as demographic changes, evolving consumer preferences, and desire to become operationally efficient were already spurring changes in the life insurance industry. Enter 2020 – the COVID-19 pandemic is having a significant impact on the industry.
At the peak of disruption, the focus was on ensuring business continuity, but new initiatives are cropping up to tackle the challenges as the industry is adapting to the new normal.
Furthermore, COVID-19 has acted as a catalyst, pushing life insurers to prioritize their efforts on improving customer centricity, developing go-to-market agility, making processes intelligent, building business resilience, and embracing the open ecosystem.
Read our Life Insurance Top Trends 2021 report to explore the strategies insurers are adopting to manage the changing market dynamics.
The uncertainty of 2020 is setting the global tone for the immediate future in the financial services industry. So it is no surprise banks are laser-focused on business resilience, emphasizing both financial and operational risks. The need to adapt quickly to new normal conditions through virtual customer engagement is clear.
Customer centricity continues to drive commercial banks’ solution designs. And, the pandemic compelled products that deliver immediate client value ‒ quick digital onboarding, seamless lending, and support for small and medium-sized enterprises (SMEs). The onus is now on banks to go to market more quickly, which requires the implementation of intelligent processes and integrating corporates’ enterprise resource planning (ERP) systems with banking workflows.
To achieve go-to-market agility, banks across the globe are investing in and collaborating with FinTechs. Many of these partnerships are focused on boosting digital lending and providing seamless support to anxious small-business clients in need of assurance.
With newfound impetus for FinTech collaboration, commercial banks have picked up their step on the path toward OpenX. COVID-19 made it evident that survival during turbulence is manageable through collaboration with ecosystem players.
Read our Top Trends in Commercial Banking 2021 report to explore the strategies banks are adapting to transform their businesses from a product-led, siloed model to an experiential and agile plan.
When we published the Top Trends in Wealth Management 2020, little did we foresee the pandemic that would sweep through the world and disrupt life as we knew it. Yet, when we reviewed last year’s trends, we found that many still hold and some have taken on even greater relevance. One such trend is sustainable investing, which had begun to gain prominence as investors became more aware of ESG considerations, and firms rolled out more sustainable investing offerings. Another trend that has accelerated in the post-COVID world is the importance of investing in omnichannel capabilities and technologies such as artificial intelligence (AI) to enhance personalization and advisor effectiveness. The pandemic has driven wealth management firms to accelerate their digital transformation journey, with some immediate focus areas being interactive client communications and digital advisor tools.
There is no denying that time is of the essence. Yes, budgets are tight, but the Open X ecosystem offers wealth management firms opportunities to reimagine their operating models and deliver excellent customer experience cost-effectively.
Top trends in Payments: 2020 highlighted the payments industry’s flux driven by new trends in technology adoption, innovative solutions, and changing consumer behavior. The pandemic has tested the digital mastery of players, who are already grappling with transition. Non-cash transactions are on a robust growth path, accelerated by increased adoption during COVID-19. Regulators are working to instill trust and address non-cash payments risk amid unparalleled growth as players collaborate to quell uncertainty. Regional initiatives, such as the P27 (Nordics real-time payments system) and the EPI (European Payments Initiative), are gaining traction in response to country-level fragmentation and competition.
Investment in emerging technologies is looked upon as an elixir to mitigate fraud, data-driven offerings are being considered for providing value-added propositions, and distributed ledger technology is in focus for digital currency solutions, efficiency enhancement, and cost gains. New players, such as retailers/merchants, are integrating payments into their value chains while technology giants are upscaling their financial services game by weaving offerings around payments as a center stage. Constrained by budgets, firms consider business models such as Platform-as-a-Service (PaaS) to provide cost-effective and superior customer experience.
A combination of factors, including demographic changes, evolving consumer preferences, and regulatory and compliance mandates, were already spurring change in the health insurance industry. Enter 2020 and the COVID-19 pandemic, which is having sweeping implications for the industry.
At the peak of disruption, the focus was on ensuring business continuity, but new initiatives are cropping up to tackle the challenges as the industry adapts to the new normal.
Furthermore, some changes are here to stay, and it will be prudent for the industry players to be resilient to the market shifts by being agile, improving member centricity, making processes intelligent, and embracing the open ecosystem.
Read our Health Insurance Top Trends 2021 report to explore the strategies insurers are adopting to manage the external pressures.
The banking industry’s resilience is being tested as banks navigate through a remarkable 2020 filled with uncertainties. The impact of COVID-19 has been about setting the tone for future operational models. Retail banks have shifted focus towards integrated risk management with a more holistic view of operational risks. Adapting to the new normal, banks have prioritized cost transformation while engaging customers virtually. Incumbents sought to be more responsible within fast-changing environmental conditions and ESG remained a critical focus.
To provide more experiential services, banks are leveraging techniques such as segment-of-one to hyper-personalize offerings while aiming to humanize digital channels for increased engagement. Banks are also revamping middle and back offices, going beyond the front end leveraging intelligent processes. Open X is enabling banks to play on their strengths and use the expertise of ecosystem players. Going forward, banks are poised to become an enhanced one-stop shop by providing consumers value-adding FS and non-FS experiences.
To acquire customers in cost-effective manner, retail banks are tapping value-based propositions ‒ such as POS financing and mortgage refinancing. Further, Banking-as-Service provides incumbents a way to provide their high-value offerings to other players. In preparation for the future, banks will be looking to improve their go-to-market agility by leveraging the benefits of cloud. This analysis outlines the top 10 trends in retail banking for 2021.
Explore how Capgemini’s Connected autonomous planning fine-tunes Consumer Products Company’s operations for manufacturing, transport, procurement, and virtually every other aspect of the supply-value network in a touchless, autonomous way.
Financial services is undergoing a paradigm shift that is forcing incumbent retail banks to rethink growth strategies as they struggle to remain relevant. Growing competition from BigTechs, FinTech firms, and challenger banks has added to the complexity created by increasingly stringent regulatory and compliance requirements. Customers now expect a seamless customer journey and personalized offerings because they have become accustomed to top-notch individualized service from GAFA giants Google, Apple, Facebook, and Amazon. The changing ecosystem offers established banks new, unexplored opportunities and encourages a transition beyond traditional products to meet the exacting requirements of today’s customers. Bank collaboration with FinTech and RegTech partners is becoming commonplace. Incumbents are exploring point-of-sale financing and unsecured consumer lending, while they also boost their digital channel competencies to reach a broader customer base. Banks are beginning to accept open APIs and are working with third-party specialists to create an open shared marketplace. Technological advancements such as AI are fueling efforts to evolve customer onboarding and touchpoint processes. Increasingly, banks are turning to design thinking methodology to understand the customer journey, extract deep insights, and develop a more refined user experience across the customer lifecycle.
Our analysis of the top retail banking trends for 2020 offers a glimpse into the fast-changing banking ecosystem and explores the tools and solutions being used to face new-age challenges.
Aspects of the life insurance industry have remained constant for years – and so have premiums. Traditional savings products have taken a huge hit in terms of attractiveness because low interest-rates prevail. Meanwhile, the risk landscape is shifting, and insurers need to align better with the emerging business environment, manage changing customer preferences, and improve operational efficiencies. Within today’s scenario, industry players are undertaking tactical and strategic shifts in attempts to manage unpredictable market dynamics. Insurers must develop alternative products to breathe new life into policies and leverage emerging technologies (artificial intelligence (AI), analytics, and blockchain) to improve efficiency, agility, flexibility, and customer-centricity.
Read Top Trends in Life Insurance: 2020 for a look at the innovative steps future-focused insurers are considering to meet industry challenges and opportunities.
The health insurance industry is evolving and undergoing significant changes. As the risk landscape shifts, insurers are working to improve operational efficiencies, meet evolving customer preferences, and align better with the changing business environment. Accordingly, payers must adapt and align business models and offerings. An incisive tactical approach is required to accommodate members’ needs and related emerging risks — medical, health, and environmental. Advanced technologies such as artificial intelligence, analytics, automation, and connected devices are enabling insurers to manage these changes proactively, partner with members, and help to prevent risks, all the while continuing to fulfill payer responsibilities.
Read Top Trends in Health Insurance: 2020 to learn which strategies insurers are adopting to navigate and align with today’s challenges.
Similar to other financial services domains, payments is evolving into an open ecosystem. The EU’s Payment Services Directive (PSD2) pioneered open banking by encouraging banks and established payments players to securely open the systems to foster competition, innovation, and more customer choices. In tandem with non-cash transaction growth, regulations are driving banks and payments firms to expand their array of payment methods and channels. Governments are encouraging financial inclusion by also promoting the adoption of non-cash payments. Increasingly, merchants and corporates seek to offer alternative payment systems because of widespread popularity among consumers. Alternative payments also enable merchants to provide real-time and cross-border payments to boost business efficiency.
Banks, payment firms, card firms, BigTechs, FinTechs, and other players are continuously developing new technology to cash in on market changes. However, data breaches and fraud continue to hinder innovation as firms devote countless resources each year to address security issues. Many governments are also designing new regulations to reduce ecosystem threats. All these measures are expected to make the current ecosystem much more secure and simple for players as well as customers.
Top Trends in Payments: 2020 explores and analyzes payments ecosystem initiatives and solutions for this year and beyond
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Top 10 Free Accounting and Bookkeeping Apps for Small BusinessesYourLegal Accounting
Maintaining a proper record of your money is important for any business whether it is small or large. It helps you stay one step ahead in the financial race and be aware of your earnings and any tax obligations.
However, managing finances without an entire accounting staff can be challenging for small businesses.
Accounting apps can help with that! They resemble your private money manager.
They organize all of your transactions automatically as soon as you link them to your corporate bank account. Additionally, they are compatible with your phone, allowing you to monitor your finances from anywhere. Cool, right?
Thus, we’ll be looking at several fantastic accounting apps in this blog that will help you develop your business and save time.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
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Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
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Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
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Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.