Originally published by Asha Devasia on SE Blog | August 27, 2018
Twenty-five years ago, electrical system consulting engineers and specifiers were using calculators and PC-powered spreadsheets (remember VisiCalc?) to design and spec’ systems. A simulation was something done on a benchtop. CAD was in its infancy, with server processing speeds measured in MIPS and Product specs were downloaded from a CD-ROM.
The industry has evolved, adapted to and harnessed emerging technologies, understanding and responding to the business impact of new power technologies such as renewable energy, sensor-based smart systems and building automated controls. Leveraging design and collaboration tools such as CAD, VR-based simulation or rapid prototyping and 3D printing.
But what if your company had been 12 months, two years or even five years ahead of the curve in predicting, what would your business look like today if you had a view of what was on the horizon back then? What new business models might have given you a competitive edge? And what lies ahead in the next 10 to 15 years?
In an age of AI and data-driven design, global collaboration technologies, new “computational design” approaches, and both virtual and crowd-sourced design tools – the construction, electrical power and distribution industry will see radically shifting business models that will reshape our industry.
How we look ahead 5, 10 or even 20 years at design and collaboration technology’s impact on the power distribution industry for electrical equipment consulting engineers and specifiers is discussed with experts during the upcoming Schneider Electric Innovation Summits.
In fast-changing markets like building and power distribution technologies, reasonable “predictions” can be measured in 3 or 4 year spans. Yet instead, looking out 10, fifteen or even 20 years requires us to ponder new questions, probe how shifting business models will impact our business, and what opportunities might be on the horizon.
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