Toronto Electricians and Electrical Contractors

As business are digitizing, companies get more and more vulnerable in front of cyberattacks. The numbers are impressive: in 2025 is expected to be 75 billion connected devices . Considering that more than 300.000 new malware programs are created every day , the risk is real. According to a recent McKinsey survey , only 16% of the participating companies say that they are well prepared to deal with cyber-risk. Organizations are starting to realize that they need specialization when it comes to protecting the system. Not only knowing how to react to cyber-attacks and malwares, but also knowing how to implement preventive controls. It is a common mistake to leave all the responsibility of this issue to the IT department because they are linked to technical processes, but it’s more and more something that affects the whole business . Therefore, board members should be able to create a strategy to counter these cyber security issues . Gartner says that the incapability of IT security ...

There’s no question that business models for today’s electric utilities are shifting. Their traditional role as electricity suppliers is being challenged with stagnating or declining electricity sales in some regions. Increasingly popular distributed energy resources (DER), including onsite solar photovoltaic (PV) panels and energy-storage devices also are having a revenue impact. European utility executives polled by the market-research firm IDC Energy Insights think new business and services supporting their commodity-electricity business will account for about 40% of utilities’ revenues by 2020. To meet changes, many distribution system operators (DSOs) are exploring new sophisticated digital technologies. They desire modernizing power distribution system operations and wish for creating stronger customer relationships. These companies are finding that such digitization efforts can open new revenue streams for growing their businesses, beyond traditional energy sales. Three dig...