82% of UK & Ireland utilities use security technology for protection, but 1 in 3 see business intelligence as its future.
New research from Axis Communications reveals an opportunity for utilities to unlock the wider value of visual data. While 82% use security technology for protection and incident prevention, 32% see business intelligence and analytics as offering the greatest future value over the next three to five years. As the sector faces growing pressure to manage costs, maintain critical infrastructure and improve performance, security technology can improve efficiency, identify issues earlier and support better-informed operational decisions.
Security technology already plays an important role in utilities. But it’s clear – it can do more. Our research explores how 600 decision-makers across energy, water and oil and gas view the challenges facing their organisations, the role of technology today and its potential to deliver wider business benefits.
Across energy and renewables, 65% cite rising operational costs, while 34% report inconsistent monitoring across remote sites. In water and wastewater, 57% identify regulatory or compliance failures as a major resilience threat, with 36% seeing business intelligence and analytics as offering the greatest future value. In oil and gas, 75% cite rising costs, while 55% already use security technology to improve operational efficiency and productivity.
Across all three segments, earlier detection of critical asset failures presents an opportunity to improve reliability and reduce disruption.
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Connected video systems play an important role in protecting people, sites and assets. But the same infrastructure can also provide valuable information to support wider operational objectives. By combining visual data with operational systems and specialist expertise, organisations can gain greater visibility, identify developing issues and make better-informed decisions. The opportunity varies across the utilities sector, from maintenance and asset reliability to compliance and operational efficiency.
In Focus brings together research, industry insight and expert perspectives to explore how network technology can help organisations address specific challenges across key sectors.
