| | FEBRUARY 20206CIOReviewIn the energy sector, it's not just change that organizations must prepare for ­ it's the speed of change. While energy companies must continue to focus on enhancing operational excellence to boost efficiencies and returns, major business opportunities and technical advancements are most likely to occur in the coming year as energy markets change. It is predicted that energy companies will be `doubling down on digitization' to drive efficiencies and open up new opportunities. Close to this development is a growing traction for artificial intelligence in the energy realm. Today, AI is being used to help energy companies and consumers collect and sift through data to help identify and track trends in energy generation and consumption. Smart meters and smart energy management systems are also benefitting from integrating AI. In addition to helping energy companies speed up production and reduce waste, the AI integration is also expected to contribute significantly to the cost-effectiveness of operations, making better energy storage decisions, as well as increasing energy efficiency.Another exciting development in the energy industry is the blockchain technology where these peer-to-peer networks are helping energy providers to effectively trade energy with ease. The technology can be used by energy companies themselves, or even by private individuals. Blockchain aided by the IoT, can help improve the performance of smart, energy-saving devices and building management systems. As technology improves over time, it could also help promote energy micro-generation by individuals. Any excess energy generated could potentially be privately traded over the blockchain. Recent surveys have suggested that DERs or distributed energy resources can become great alternatives as small-scale power generation or storage technologies such as community-scale renewable tech, and combined heat and power units (CHP), which are essentially great means of decentralizing energy production and storage. Going forward, DER strategies and technologies should see some interesting developments in 2020. This edition brings you some of the most prominent organizations that specialize in the energy tech landscape and are the major drivers of some of the aforementioned developments into the mainstream.Let us know your thoughts!EditorialPowering the Future of Energy Technology Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewContact Us:Phone:510-230-0395Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com February - 17 - 2020, Vol 09, Issue - 4 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffAaron PierceCarolynn WaltersDean WinchesterJohn ThomasPallavi SRussell ThomasVisualizers*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithSalesStephen Thomasstephen.thomas@cioreview.com James D Phillips
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