SmartGrid technology is the effective future of the electric power industry. Just consider the numbers: the US SmartGrid market is expected to double in size between 2009 and 2014, from $21.4 billion to $42.8 billion, with global SmartGrid spending exceeding $200 billion in 2015. With significant aid from federal stimulus funding, SmartGrid development and implementation has already begun across the US. Experts expect SmartGrid technology to become the electric industry standard within 20 years.
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In our last Cloud post (Cloud Computing Risks and Rewards) we discussed a number of Cloud risks related to security:
- Data location (Do You Know What Your Data Is Doing When You’re Not Looking?)
- SAS70 and PCI Compliance
- Data protection (IDS, IPS, firewall, etc)