Professional Documents
Culture Documents
1. Overview
The world evolved from a big bang explosion and we got a beautiful Earth to live in. It took years to travel from the world of Dinosaurs to the world of happily living with our family in a safe home watching television. Watching television is just an exam of how we evolve and innovate the natural resources for example our happy and safe life. However, this evolution will not last longer if we will not consider the conservation of our natural resources. Electricity, Water, Gas synthesized from natural resources should be tightly tracked and conserved for our next generations. Several government and private initiatives have been government taken to conserve natural resources for a smarter life style in a smarter world. tural This project is an initial phase of the C group project Integrated Utility Account (IUA) Intention of this ect Citi (IUA). phase is to find out the desirability of the project to carry it out to the next level. The scope of the project is to find out the various facts and information through web and interviewing concerned energy authorities and consumers and analyze the importance IUA.
Desirability
Validity
Feasibility
3. My Work
Under the course work of Creative Thinking and Innovation module of Innovation academy, I was working with Citi group along with my 3 other colleagues. We divided the project into various parts and I worked on analyzing the global position of smart meters and various facts and figures of various markets. I collected information through web, interviewing people and various journal papers. I found that various European countries are working on regulating the use of smart meters for tracking and billing their electricity and water usage. Amsterdam smart city project is one of the great examples. Various companies have provided the infrastructure to find out real-time usage and costing whereas others are working on web interfaces to track and pay bills electronically. Banks like HSBC has come up with a bill payment utility service in close integration with utility companies. I also analyzed that Irish electricity market size is around 7 billion per year. This market is captured by big players like ESB Electric Ireland, Airtricity, Bord Gais. Water market is captured by Dublin City Council, providing free water for domestic use but charging for non-domestic use and collectively water market size is 2 billion per year. RPS consulting firm has suggested the requirement of new water resources by 2016 and government is planning to make domestic water usage chargeable.
As a part of learning, I had a wonderful experience of working in a multidisciplinary team. I learnt innovation and creative thinking is the basis for project planning, managing and execution. Small facts and irrelevant information sometime helped me to think more creatively and learnt that each of the small information is important. Meeting with different people and interacting with different thoughts helped me broaden my area of thinking.