That’s because the city’s electrical grid is using the Industrial Internet to get smarter. Sibelga, the company that operates the only distribution network in Brussels, will soon adopt GE’s PowerOn Advantage, a sophisticated software solution that controls electricity flows between the traditional grid and the consumer. The software runs on Predix, GE’s data and analytics platform.
To meet the world’s growing demand for energy, the power sector needs to transform into a digital industry.
The sharp decline in oil prices has placed them squarely at the center of the global economic debate. Many see low oil prices as evidence that the world economy has lost steam. Stock markets jump anxiously at every piece of news coming from the oil market.
The market story is important. But more important is that the oil and gas market is undergoing a deeper and more complex transformation, one that will have powerful repercussions over the coming decades.