Latest news with #PowerUtilities
Trade Arabia
14-05-2025
- Business
- Trade Arabia
GIUF 2025 sets stage for smarter utility systems
Global Industrial Utilities Forum (GIUF) 2025, a Middle East event focused on Power and Water Utilities, attracted professionals and decision-makers from over 60 countries. The forum, titled "Reliable, Resilient & Efficient Utility Solutions," showcased technological advancements and sustainable solutions in these sectors. Attendees exchanged knowledge, explored innovative solutions, and discussed best practices for enhancing utility efficiency, reliability, and resilience. The event began with opening remarks by Mamdouh Al Aidarous, former Aramco professional and Engineering Consultant at CSD. Keynote presentations were given by Prof Suresh Sampath, Deputy President at IpowerE UK and Head of Gas Turbine Engineering and Sustainable Propulsion at Cranfield University. A distinguished panel discussion featured prominent figures from the sector, including Ayedh Al Fardan, Director of Utilities at King Salman Energy Park, Mohammed Al Ta'ani, Secretary General of the Arab Renewable Energy Commission, and Dr Corrado Sommariva. Ahmad AlMuIla delivered the technical presentation.
Yahoo
08-05-2025
- Business
- Yahoo
Edge Total Intelligence Recognized in the Gartner(R) Hype Cycle for Power and Utility Industry IT, 2024
$32B Global IT Services Analyst, Gartner (IT), Provides Guidance on Digital Twins Use Cases Arlington, Virginia--(Newsfile Corp. - May 8, 2025) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) ("edgeTI", "Company"), a leading provider of real-time digital twin software, announces the Company was Recognized by Gartner® (NYSE: IT) in its Gartner Hype Cycle™ for Power and Utility IT, 2024 as a Sample Vendor in the Digital Twins category. The report states, "To ensure the continued provision of affordable and sustainable services, power and utilities companies must transform with digital technology. This Hype Cycle offers insights into power and utility technologies, enabling CIOs to align technology investments with business goals for optimal results." "We are honored to be recognized as a Sample Vendor in the Digital Twins category," said Jim Barrett, CEO of edgeTI. "Digital Twins create composite views of industrial assets and their underlying components. Our work with Department of Defense's Operational Energy Capability Improvement Fund's (OECIF) last year showcased what is possible when digital twins embrace existing technology assets and information and blend them with digital innovations - thus avoiding costly rip and replace approaches to transformation." According to Gartner, "Enterprises are using digital twins to accelerate business processes by embedding business process logic into design patterns and templates in software. They are also using digital twins to contribute to building blocks for machine learning and GenAI foundation models. The importance of digital twins is reflected in the improvements they facilitate, such as cost optimization, improved visibility, improved patient outcomes, or new revenue models." Delivering digital twins innovation is the Company's edgeCore™ software, which delivers a performative data mesh capability that reaches authoritative information and unites it with control systems from engineering, opertional and information technology domains with new innovations like generative AI and machine learning algorithms to improve and accelerate decision-making. "The opportunity for Digital Twins transcends tradition technology boundaries and makes it possible for the power and utility industry to embrace broader constructs that utilize all forms of energy and underlying IT infrastructure," said Jim Barrett, CEO of edgeTI. "As the pioneer in real-time operations, we confidently believe we deliver a unique advantage to accelerate and derisk transformation in these industries."
