Region: Global
Country: Global / Non-Specific
Keywords: Age of Disruption, Telecom and ICT
Document Link(s):
Document Summary:
In the utility space, the key to Augmented Reality (AR) is providing valuable insights by making the right data available to the right person at the right time and place in a manner that is simple and intuitive.
Document Details:
AR is a technology that superimposes digital information and media, such as 3D models and videos, upon the real world through Smartphone, tablet, PC, or connected glasses.
AR can be defined as a live, direct or indirect view of a physical, real-world environment whose elements are augmented or overlaid by computer-generated sensory input such as sound, video, graphics or GPS data.
AR may benefit investor-owned, municipal and cooperative utilities in improving business processes, speed power restoration and help address the challenge of an aging, retiring utility workforce facilitating the preservation of institutional knowledge.
According to industry experts, the energy and the utility sector are expected to spend more than $15bn annually by 2020 on AR technology.
In the long run, these emerging technologies – like AR, VR, AI, robotics and digital transformation – will bring an acceleration in revenue growth, increase organisations’ agility and improve risk management.
Updated: April 1, 2024