The US will need to double the number of geriatric doctors by 2020

Home > Archives

Tagged energy industry



Custom video production!
March 31st, 2016

If it’s not possible to bring me in for a keynote because of a scheduling conflict, you can always do the next best thing — arrange for a customized video keynote! What’s involved? You provide the production and video edit team — and Jim provides his detailed, customized insight! Or Jim can work with some established partners to pull it all together.

Here are a few clips that give you a sense of what we can do!

Arrow
Arrow
ArrowArrow
Slider
  • the CEO of Pacific Gas & Electric (PG&E) engaged Jim for production of a video that he would use on stage as part of the opening of a big energy conference. The goal was to get across the seismic changes occurring in the energy industry. Here’s the result — “could the energy industry be MP3’d?” It’s a provocative little film clip that I filmed with TAG Productions in San Francisco in August — we took a half day to shoot and get some basic material down, and then they worked their magic to make a magical video!
  • Another great example: Deloitte South Africa were extremely interested in bringing me Jim in to host their annual 2010 “Best Company to Work For in South Africa” awards presentation, but I was unavailable due to a prior commitment. So I worked with Riverbank Pictures, to prepare a 15 minute customized video, based on the theme, “What Do World Class Innovators Do That Others Don’t Do?”, which helped to set a tone of challenge and opportunity for those attending the annual awards presentation.
  • for a time, CNBC and I had discussions about a series of video vignettes looking at the future. Sadly, it never went forward, but we did get some great clips, including one on a ski hill!
  • and last but not least, a major telecom company engaged me for a series of clips related to technology and small business……
    If you are interested in exploring the option of a customized video keynote and in doing something unique for your next corporate event, feel free to contact Jim for details.

From GE Reports, October 28, 2015 (link)

Technological advances from the Industrial Internet to renewables are transforming the energy industry. Here are the key trends to watch over the next decade.

Hyper-connectivity is transforming many industries — few more so than the energy sector. The expansion of the industrial Internet and power of Big Data analytics is enabling power companies to predict maintenance failures and approach zero downtime, while smartgrids and apps are empowering consumers to become producers.

Could the energy generation and distribution industry find itself in the same position as music companies did n the past — stuck defending an older and entrenched business model, rather than embracing new ideas, concepts and methodologies?

“We are now in the era of `personal energy infrastructure management,’” where connected consumers are gaining increasing control over energy consumption and production, says Jim Carroll, a futurist and energy expert.

The quickly shifting energy landscape means utilities and other industry players must be careful not to be “MP3’d” like the music industry, says Carroll in an interview, in which he also discusses the prospect of achieving energy access for all and the potential for renewals to replace fossil fuels as the dominant energy source:

How much progress will we make in improving energy access to everyone on the planet in 10 years, with the help of microgrids and off-grid solar and other solutions? 

One of my favorite phrases comes from Bill Gates: “People often overestimate what will happen in the next two years and underestimate what will happen in 10.”

I think we live in a period of time when there are several key trends impacting out future use of energy. An intelligent, connected and self-aware grid. An accelerated pace of innovation with non-traditional energy sources — there are now window panes for building construction that generate solar power. Major investments and innovation with energy storage battery technology. I don’t think any of us can really anticipate how quickly all of this is coming together.

Will renewables top fossil fuels as the dominant energy source?

History has taught us that significant progress is more incremental than dramatic. The key point is that globally, we are at an inflection point when it comes to energy. Right now, we’re 90 percent carbon, 10 percent renewables, give or a take a few points. At some point — 10, 20, 50, 100 years? — we’re likely to be at 50-50.

A lot will happen with scientific, business model and industrial change between now and then. We’ve had this predominant business model based on carbon that goes back 100 years, but will that last forever? We’d be delusional if we thought so. What is known is that the carbon energy industry has made tremendous and somewhat unforeseen strides with increasing output — shale, horizontal drilling, smarter drilling and production technologies. Yet the same thing is happening with renewables — and it’s probably happening faster. In the long term, I believe we will see a gradual and inexorable shift to renewables.

How much will we be able to reduce the carbon footprint of the power industry, as technological innovation brings down the cost of renewables?

The technology — as well as consumer/industrial demand for new alternatives — will continue at a faster rate but will run up against increasing regulatory and business model challenges. That’s why I have challenged utility CEOs to ask the question, “Could they be MP3’d?” Could the energy generation and distribution industry find itself in the same position as music companies did n the past — stuck defending an older and entrenched business model, rather than embracing new ideas, concepts and methodologies.

How will the relationship between consumers and producers of electricity change, given smartgrid technologies, mobile app connectivity and the increasing availability of small-scale renewable power sources?

I always stress that we are now in the era of “personal energy infrastructure management.” What does that mean? I have the ability to manage my heating and air conditioning spend through an iPhone app. In the not too distant future, I believe my local neighborhood will have some type of swarm intelligence — linked to local and upcoming weather patterns— that will adjust its consumption patterns in real time based on a series of interconnected home thermostats. My sons are 22 and 20 years old, and we’ve had an Internet-connected thermostat in our home and for over a decade. They live in a world in which they are in control of remote devices, include those that manage their energy use.

How much will energy efficiency improve, with the help of the Industrial Internet and Internet of Things and Big Data analytics?

Some people might view the IoT as being the subject of too much hype at this point. Maybe that is true, but it is probably such a significant development that we can barely comprehend its impact. Think about it this way: every device that is a part of our daily lives is about to become connected. That fundamentally changes the use and purpose of the device in major ways. Add on top of that location intelligence — knowing where the device is, and its status. Link together millions of those devices and generate some real-time and historical data — the possibilities boggle the mind.

We are increasingly in a situation in which the future belongs to those who are fast. That might be a challenge for the energy and utility sector, but it’s a reality.

If anything, the year 2015 is going to be the year of ‘continuous business model disruption.’ It’s happening everywhere.

The CEO of a major US energy company hired me to do a video that he would use on stage as part of the opening of a big energy conference. Here’s the result — could the energy industry be MP3’d, as consumers and mobile technology redefine the essence of the industry.

Think about the video in the context of literally any other industry, and you can see the same trends unfolding.

The video is a a provocative little film clip that I filmed with TAG Productions in San Francisco in August — we took a half day to shoot and get some basic material down, and then they worked their magic to make a magical video!

But the video does pose some tough questions. Every industry today is subject to dramatic transformation, disruption and significant change.

Could your industry me Mp3’d as well? It’s a valid question!

Big data. Big opportunities!
April 23rd, 2012

Back in February, I flew into Aspen, Colorado, to speak at the leadership meeting for a major consulting firm. My topic? An extremely customized keynote on the trends and opportunities that are unfolding with the new era of analytics and what has come to be known as “big data.”

There was a tremendous amount of customized research for the event; it’s a big topic, so to speak. After that, I ended up focusing my upcoming May CAMagazine column on some of the ideas and concepts that I covered.

Cashing in on Big Data
CAMagazine, May 2012 

By analyzing and tying together massive amounts of information, we can change the way we conduct business, manage healthcare, work in the world of agriculture or manage energy consumption.

Have you ever noticed how, all of a sudden, a new phrase enters our lexicon and becomes the next big thing? So it is with “big data.” If you

haven’t heard this term yet, you will. What is it?

By analyzing and tying together massive amounts of information, we can change the way we conduct busi- ness, manage healthcare, work in the world of agriculture or manage energy consumption.

As everything around us plugs into the Internet — thermostats, fridges, washers, dryers, industrial HVAC equipment — we are generating huge amounts of information. Companies can examine this information through powerful analytical software to look for unique patterns and insight, which might then help to drive key business decisions.

Consider the energy industry, for example. The NEST thermostat, created by one of the original iPad designers, can recognize you when you walk in the room and adjust the heat to your favourite temperature. It’s also plugged into the Internet — and that’s where the potential for big data comes in.

Imagine the possibilities for an energy company to easily poll how millions of customers are using energy through such thermostats — and to then link that data with a deep analysis of upcoming weather patterns. Suddenly, it can predict and manage upcoming spikes in energy consumption, which could have a direct impact on the purchase of natural gas or other sources of energy. Through this analysis, it can do a far better job of managing its costs.

IBM expects big data to be a large driver of future growth, noting that “there are upwards of a trillion inter- connected and intelligent objects and organisms .. all of this is generating vast stores of information. It is estimated that there will be 44 times as much data and content coming over the next decade …reaching 35 zettabytes in 2020. A zettabyte is a 1 followed by 21 zeros.”

In the field of agriculture, people have been talking for years about the concept of “precision agriculture.” A farmer would use a system which knows, for each particular square yard of ground, how much fertilizer and seed to apply, based on real-time data insight and GPS information.

That world is arriving pretty quickly. Kenna, a data analytics firm in Mississauga, Ont., has put together a system which cross references customer purchase data to weather patterns to real-time tractor position based on GPS to do just that, with the goal of helping a farmer get the best yield possible.

Las Vegas is said to be using the idea of deep analytical research to offer a free lunch to a slot payer who is marginally closer to a payout — thereby reducing it’s risk.

Of course, there are big opportunities in big data. The data and analytics market is already worth an estimated $64 billion according to global management consultants McKinsey & Co. The firm also predicts there will be a shortfall of 140,000 to 190,000 graduates with deep analytical talent by 2018. Similarly, a survey by data giant EMC suggests that 65% of data professionals expect a significant shortage in “big data” skills expertise in just five years.

Accountants are, of course, supposed to be the folks with deep analytical insight. Do we have the capability to step up to the big opportunity that is unfolding here?

Send this to a friend