The advent of the cloud, social technology, big data and analytics are driving a number of technology trends that have immense potential for the electricity industry. Over the coming years, these technologies will combine to deliver a new layer of connected intelligence. It will revolutionize the ability of electricity companies to improve the efficiency of the electricity system and better meet their customers’ diverse needs.
Yet the maturity of digital initiatives in the industry is varied. So what are the next steps for electricity companies looking for a digital edge today to capture a very large prize?
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Innovative, digitally enabled products and services relating to energy generation and energy management are bundled into an integrated customer service.
Hyper-personalized connected services beyond the electricity value chain that adapt to the consumer. Electricity moves from being a commodity to becoming an experience.
Digital Transformation of Industries (DTI) is a project launched by the World Economic Forum in 2015, in collaboration with Accenture, as part of the Future of the Internet Global Challenge Initiative. This ongoing initiative serves as the focal point for new opportunities arising from the latest developments and trends from the digitalization of business and society. A key component of the DTI project has been the quantification of the value at stake for both business and society over the next decade from the digital transformation of six industries. The “compass” for these industry sectors is being set and it is imperative that all stakeholders collaborate to maximize benefits for both society and industry. Digitalization is one of the most fundamental drivers of transformation ever and, at the same time, a unique chance to shape our future.
Through 2016, the DTI initiative will focus on the impact of digital transformation on an additional 10 industries, further deep-dives into industries from this year’s project, as well as examine a number of cross-industry topics such as platform governance, societal impact, and policy and regulation.