This week the IPCC released their report highlighting the science and required actions to achieve the Paris Agreement’s target of limiting global temperature rise to 1.5°C, and the key impact differential between 1.5°C and 2°C. Suffice to say the global community needs to take note that the difference of 0.5°C could have catastrophic effects. For example, coral reefs would be impacted by a 70-90% loss at 1.5°C warming, which is bad enough, but at 2°C the loss would be greater than 99% (i.e. there will almost be no coral reefs left). There are many other examples like this, detailed within the report ‘Global Warming of 1.5°C’.

The nature of the energy markets is changing: as distributed generation of electricity through the installation of solar and wind increases, the need to balance these intermittent flows has become a greater priority.

Energy asset risk management is critical. Using the health analytics approach in the previous blog, we looked at some of the key analogies and why they make sense. In this next part of the blog we’re going to look at some examples of the actual issues to be aware. Plus, we’ll look at how real-time monitoring & analytics of these key factors can lead to lower asset failures, reduced degradation levels and longer capital lives. Overall this will lead to lower costs through risk mitigation.

The emergence of “wearable technology” for the health & fitness market has grown hugely over the last few years. Fit Bit, Apple & others are tapping into the knowledge that a real-time understanding of your key health statistics will help to drive proactive and iterative actions to ensure longevity of health as well as lower health insurance costs and other financial benefits from better health.

Like many businesses, we have a great story to tell; drive, innovation and opportunity are all keys words within our narrative, and we know that video is an engaging way to get that across, but when it comes to the nitty gritty, well like just about everything else, the more you get into the process the more you realise that it’s not so easy to paint that picture.