June 29, 2022
Digital Utility Market
Digital Utility Market

 

Digital utility solutions are designed as a combination of real-world project testing services and leveraging software, and are designed to be spatially active and highly configurable.

All stakeholders should be on the same page before starting each digital utility journey. If all your stakeholders have different views of where you are, you will be derailed very quickly.

The results were amazing. Although they all worked in the same organization, some leaders felt they were already scoring very high in certain areas, such as using energy data to determine insights into customers’ spending behavior. Other leaders felt they scored low when it came to effectively using energy data to determine consumer spending behavior.

Competition for customers is moving to online channels. The Internet of Things promises new products and management options. Entrants in the digital economy are disrupting the industrial landscape, and governments and regulators are looking to encourage smarter measurement systems and greener standards for power generation and consumption.

To thrive in these challenges, the utility of the future will be fully digital systems. This means utilities today are facing digital transformation of their organizations and businesses. This can start with a quick move to improve efficiency and expand your customer base. As innovation builds momentum, it must open up deeper digital opportunities across a wide range of sectors.

The purpose of this diagnosis is to tell you which services you need to deploy to become a non-prescriptive and digital utility. Instead, the purpose of this diagnosis is to help start a conversation. Compare results with colleagues and partners and work together to reach a common understanding.

Digital opportunities to improve operations and increase flexibility span the value chain (Exhibit 2). Conservative estimates, backed by real-world analysis, show that digital optimization can increase profitability by 20-30%.