The Energy industry faces a key and a complex challenge: managing a revenue downturn while meeting the demands of its eco-conscious consumers.
With opening of Energy markets in many countries and regulated pricing, retention of existing customers is becoming more key. This forces the industry in 2 opposing directions – need to economize but at the same time innovate. The demand is also declining a bit due to more energy efficient white goods and machinery.
Also Utilities have traditionally underinvested in IT as compared to their peers in Telecom industry. With the advent of IoT, Electric cars and other technological change, Utilities will be forced to make a quantum leap in the way they invest in the new technologies.
Contact us to see how we can help in addressing some of these key challenges in the Industry.