Breaking

U.S. Natural Gas Futures Drop Below $3 for First Time Since 2012
Tweet TWEET

Exelon Holds First Innovation Expo as Part of Emerging Technology Initiative

  Exelon Holds First Innovation Expo as Part of Emerging Technology Initiative

Baltimore event is first in a series bringing experts together to share ideas,
                            explore new technology

Business Wire

BALTIMORE -- November 7, 2013

Remotely piloted robots mingled with hundreds of employees strolling the halls
of the Pier 5 Hotel yesterday as Exelon Corporation launched the first in a
series of Innovation Expos aimed at bringing together employees and outside
experts to explore innovative solutions to complex business problems.

Exelon employees observe a remotely piloted robot as its user explores the
company's first Innovatio ...

Exelon employees observe a remotely piloted robot as its user explores the
company's first Innovation Expo, which was held in Baltimore Nov. 6, 2013. The
expo brought experts from inside and outside the company to share ideas and
explore new technology. (Photo: Business Wire)

The event focused on ways Exelon can create value by tapping into the
burgeoning field of “big data,” which describes the ever-expanding volume of
data that companies and consumers generate and interact with every day.

Participants in the Innovation Expo heard experts from MasterCard, General
Electric, C3 Energy and other companies describe how they are harvesting
terabytes of data to learn more about their customers, drive innovation and
increase productivity and growth. Approximately 450 employees attended the
all-day event held in Baltimore, which is home to Exelon’s Constellation and
BGE subsidiaries.

“The growing linkage between advanced technology and the creative use of data
provides opportunities for Exelon to develop new energy products and services,
operate our businesses more efficiently and better serve customers,” said
Sonny Garg, senior vice president and chief information and innovation officer
for Exelon. “As the energy industry becomes increasingly competitive, events
like this help Exelon gain an edge by identifying emerging technologies and
adapting the best ideas from inside and outside the company.”

Employees unable to attend the expo in person were invited to roam the
conference hall by remotely piloting one of several robots developed by Double
Robotics. The robots, which consist of a mobile robot base fitted with a
vertical stem that holds an iPad, are one recent example of how Exelon is
using technology and innovation to improve efficiency. The droids are
controlled remotely over an Internet connection, saving employee travel costs
and making more efficient use of time. Using the iPad’s camera and microphone,
users can interact with colleagues, attend meetings and take in their
surroundings as they move about remote locations via robot.

A key element of big data involves harvesting and analyzing large data
streams, looking for patterns and identifying ways to effectively exploit the
information to make better business decisions. For example, deep data analysis
is helping Exelon design more effective customer service systems, optimize
maintenance practices, identify ways to reduce costs across the enterprise and
develop products that help customers make smarter use of energy. The
Innovation Expo explored applications for big data in a series of panel
discussions moderated by Robert C. Wolcott, a senior lecturer at the Kellogg
School of Management, Northwestern University, and executive director of the
Kellogg Innovation Network.

“Exelon is really two companies – an energy company and a customer service
company – and underlying both of those are a lot of data sets,” Wolcott said.
“Leveraging these data and bringing employees together to drive innovation
across the enterprise is critical to providing top-quality customer service
and delivering reliable, clean energy.”

In advance of the Innovation Expo, Exelon challenged employees to submit
posters showcasing innovative ideas they are currently developing. More than
60 posters were displayed at the event as part of the companywide competition.

Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy
provider, with 2012 revenues of approximately $23.5 billion. Headquartered in
Chicago, Exelon has operations and business activities in 47 states, the
District of Columbia and Canada. Exelon is one of the largest competitive U.S.
power generators, with approximately 35,000 megawatts of owned capacity
comprising one of the nation’s cleanest and lowest-cost power generation
fleets. The company’s Constellation business unit provides energy products and
services to approximately 100,000 business and public sector customers and
approximately 1 million residential customers. Exelon’s utilities deliver
electricity and natural gas to more than 6.6 million customers in central
Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania
(PECO).

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20131107006662/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50746724&lang=en

Contact:

Exelon Corporation
Paul Adams
Corporate Communications
410-470-4167
paul.adams@constellation.com
 
Press spacebar to pause and continue. Press esc to stop.