Energia
Global Energy Sector Witnesses Transformation with the Digitalization of Power Distribution and Retail Utilities
"Power grids are the backbone of the energy transition because they are a fundamental enabler of demand electrification and decentralized renewable energy (RE) integration. Hence, the digital transformation of power distribution companies and energy suppliers is a major trend that represents a considerable business opportunity," said . "While digital investment has been traditionally aimed at the digitization of internal processes to reduce workloads and save costs, it is now increasingly being aimed at reinventing business models and creating new streams of income through connected businesses."
Benintende added: "Cloud computing is becoming the foundation for digital transformation. Its core value for power distributors and retailers is that it makes automation and integration between various services simpler, scalable, and less expensive."
Shaped by market shifts and the proliferation of a series of technologies—including smart appliances, electric mobility, and distributed solar and storage—new business models are becoming available. Some opportunities for market participants to capitalize on are:
is the latest addition to Frost & Sullivan's research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion
Melissa Tan
Corporate Communications
T: +65 6890 0926
E: melissa.tan@frost.com
http://www.frost.com
Photo - https://mma.prnewswire.com/media/1677639/Global_Energy_Sector.jpg