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Critical vendors require deeper dives, including a thorough review of their business continuity plan, a record of any historical outages, a more frequent review of their financials, and an in-depth analysis of their SOC2 report. Establish guidelines and alerts for continuous monitoring.
The first AMI meters, installed between 2000 and 2010, were a game-changer. They enabled utility companies to remotely monitor electricity, connect and disconnect service, detect tampering, and identify outages. The system can quickly detect outages and report them to the utility, leading to faster restoration of services.
Sustained power outages were experienced in many areas. More than 2000 scheduled flights had to be called off due to bad weather on Wednesday and Thursday. State officials are yet to confirm the findings. Officials requested the public to economize heat consumption.
According to the United Nations, economic losses from climate-related disasters exceeded $3 trillion globally between 2000 and 2019. For example, flood-resistant buildings or renewable energy systems that ensure power continuity during outages can significantly reduce vulnerabilities. Infrastructure investments are equally important.
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