Date: April 15, 2024 - April 17, 2024Location: Anaheim, CA
There are powerful forces driving the systems integration and controls industry toward a unified strategy for defining operational data and optimizing its value to decision-makers. Niagara Framework® is a core accelerant to this work, and the Niagara Summit is where vital conversations happen. Nowhere else will you find such a powerful mix of people collaborating on how to make buildings of all types as well as industrial plants and other spaces smarter, healthier, more cyber secure and more energy efficient. Niagara Summit brings together a rich education program covering IoT connectivity, data interoperability, cyber defense, tagging, compliance, etc. You can count on deep dives into edge-to-cloud workflows, managing the proliferation of IoT devices, and leveraging the Niagara Community’s fast-growing number of third-party solutions and drivers.
Additionally, incumbents have the upper hand. They develop deep capabilities in all digital technologies (including cloud, AI, data analytics, blockchain, and robotics) and distributed energy resources. Flexing their muscles, they manage intricate energy systems and offer a range of bespoke, flexible solutions. Moreover, they set the standards for product integration across the industrial, commercial, residential, transport, and trading sectors. They offer additional services based on their knowledge and portfolios.
Second subheading: Niagara Summit The stagnant utility company:
On the other hand, established companies ‘capture’ government policy-making and regulatory mechanisms to block change. They lock out or slow down new entrants, or hinder the introduction of new services into the market. Additionally, new and emerging technologies are restricted by the vested interests of network operators and critical technical changes happen slowly, if at all. Roll-outs are frequently delayed or disrupted. Furthermore, utility-scale renewable generation and distribution fail to achieve critical mass. Consequently, companies compete on a limited, commoditized array of services and prices remain high.
Third subheading: Fallen giant:
Meanwhile, consumers switch, in large numbers, to behind-the-meter solutions. Energy is generated and traded at a community level, resulting in inefficiencies in the wider system. Moreover, the lack of scale inhibits the spread of technology and creates a so-called ‘death spiral’ for incumbents, where declining customer numbers mean falling revenues. Additionally, infrastructure is not properly maintained. Consequently, service levels drop. Eventually, energy companies are reduced to providing the barest of power services. As infrastructure providers, new players (large industrial conglomerates, oil & gas majors, tech companies) disrupt the value chain. Digital and communications technologies are essential to providing a wide range of integrated services. Incumbents are reduced to offering basic transmission and distribution services, along with some billing.
