KEPCO recognized for 'IT Innovation'... Wins 'CIO 100 Awards' for 5 consecutive years

Providing Social Welfare Solutions Using Big Data on Electricity
Services Including Welfare Checks for Vulnerable Single-Person Households and Analysis of Urban Vulnerable Areas

Headquarters building of Korea Electric Power Corporation. (Photo by Korea Electric Power Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea Electric Power Corporation (KEPCO) announced on the 11th that it has been selected as a recipient of the 33rd 'CIO (Chief Information Officer) 100 Awards' for five consecutive years.

According to KEPCO, the 'CIO 100 Awards' is an award presented by IDG (International Data Group), a global research organization.

It is an award given annually to 100 companies and institutions worldwide that demonstrate outstanding IT-based creative innovation achievements. The final selection is made through a first round of evaluation by over 50 external experts including CIOs and professors, followed by a second in-depth verification by internal specialists.

KEPCO stated that it received the award in recognition of its provision of social welfare solutions utilizing power big data and the launch of the Power Big Data Convergence Center, which enhances big data private sector open services.

The Power Big Data Convergence Center consists of the Data Science Research Institute (analyzing power big data), the Power Data Sharing Center (open for data utilization), and the Energy Marketplace Portal (distributing data services).

KEPCO announced that in response to the energy paradigm of 'digital transformation,' it is the first energy public enterprise to develop and provide various social welfare solutions by converging power big data with private big data.

Currently, it offers social welfare solution services such as 'Welfare Check for Vulnerable Single-Person Households,' 'Urban Vulnerable Area Analysis for Crime Prevention,' and 'Customer High-Voltage Power Receiving Facility Quality Management Service.'

Through the Welfare Check for Vulnerable Single-Person Households service, power usage and smartphone location data are utilized to analyze the relationship between power consumption and location; if abnormal signs are detected, an alarm is sent to welfare centers.

The Urban Vulnerable Area Analysis service helps local governments select optimal locations for installing security CCTV by integrating and analyzing public data such as power usage, floating population, and crime rates to identify vulnerable areas.

The Customer High-Voltage Power Receiving Facility Quality Management Service contributes to preventing electrical equipment failures by providing electrical quality information such as power factor and harmonic effects through big data analysis of power data (AMI).

A KEPCO official said, "The social welfare solutions developed by KEPCO are significant in that they propose new business models utilizing power big data."

This content was produced with the assistance of AI translation services.