Research and Markets has announced the addition of the “Role of Information and Communications Technologies in Building Smart Grid: Technologies and Markets” report to their offering. This report addresses multiple subjects associated with the development of Smart Grid ICT. It, particular, concentrates on the following items: * Standardization process: it is mostly at the beginning stage. Smart Grid technologies can improve the reliability, security, and efficiency of the electrical grid. Intelligent devices can automatically adjust to changing conditions to prevent blackouts and increase capacity. While currently available, a lack of standards and increased upfront cost hinder the deployment of smart grid technologies. Uniform standards will simplify new equipment selection and installation. The IEEE and all other major standard organizations are involved in the standardization process for Smart Grid ICT. There are also multiple industry groups, manufacturers’ consortiums and other organizations that are providing input. So far, the standards landscape is complex, with some duplications and lack of leadership. The picture, probably, will soon change when the ISO and IEEE come up with standards.
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