The threat of cyber-attacks on America’s electric grid has been a common topic in the news recently.
Following the attack on communication software affecting multiple U.S. pipeline companies and recent warnings of Russian attacks on the electric grid, the U.S. Department of Energy announced it is offering a grant of $25 million for projects to combat future hacks. Awarded projects are intended to support:
Plugging in software solutions without incorporating data analytics capabilities often leaves companies lacking a key component in assessing performance and identifying potential improvement opportunities. Utilities that implement strong advanced analytics can use the information to bolster decision making and more quickly pinpoint bottlenecks and friction in their processes and systems. However, implementing a successful data analytics program requires strategic planning to avoid pitfalls such as chasing the latest fad or trend that quickly fades into oblivion.
Continuing our blog series, “Powerful Reading,” our team of energy trading consultants at MidDel Consulting will be sharing some of their favorite books. These books have not only influenced them in the excellent work that they do for our clients as energy consultants, but have also helped them gain perspective on a variety of global issues as we continue to strive to build a culture of lifelong learning. Today, we look at a book entitled:
The Quest: Energy, Security, and the Remaking of the Modern World – Daniel Yergin, 2011