The electrical energy delivery system, the Grid, looks today very much like it has for the past century. However, over the past two decades, customer demand for grid performance has driven the development of new technology. The Grid is transforming from a one-way flow of energy into a Smart Grid that allows for the two-way flow of both energy and data back and forth between all nodes. Some expect that over $20B dollars will be spent annually over the next 20 years to effect this transformation. To take advantage of these opportunities, innovation is needed, and it is needed now.
All companies are walking a fine line as they merge and innovate in smart wearables. The open spaces are quickly filling up. Proper care has to be taken to guard the innovation process to maintain an open space for the newest smart wearables to flourish. Any company, large or small, should be alert and constantly innovating to keep a competitive edge when addressing this market.