LATEST THINKING


Insights on the digitally enabled grid: An article in Pan European Networks Ltd.

As utility companies seek to meet myriad challenges over the coming decade, the digitally enabled grid could help to transform their businesses.

Overview

As utility companies seek to meet a myriad of challenges over the coming decade, the digitally enabled grid could help to transform their businesses – not only through providing increased visibility and control but also by enabling new products and services.

Utility networks are feeling the pressure; stringent regulation emphasises productivity enhancements while reducing costs; changing consumer expectations mean greater demand for reliability; the rise of distributed generation adds network complexity and the risk of obsolescence; and an ageing network infrastructure demands increased improvements to capital efficiencies.

As companies seek to meet these challenges over the coming decade, the digitally enabled grid could help to transform their businesses – not only through providing increased visibility and control but also by enabling new products and services.

In the 10th issue of Pan European Networks Government publication, Stephanie Jamison, Managing Director, Europe, Africa and Latin America, Accenture Smart Grid Services, shares key findings and insights from Accenture’s Digitally Enabled Grid program.

Reproduced by kind permission of Pan European Networks Ltd, www.paneuropeannetworks.com © Pan European Networks 2014

Key Findings

Accenture conducted an executive survey among utilities executives worldwide involved in the decision-making process for smart grid-related matters in their company.

Our survey respondents represented 13 countries across the world, with European companies making up one-third of the total sample. We discovered ten insights that reflect the status and current views within the industry:

  1. Smart grid is becoming mainstream.

  2. Hybrid models will dominate.

  3. Smart value opportunities are expanding.

  4. Global focus but differing priorities.

  5. Competition will increase opportunities and threats.

  6. Regulatory strategy is gaining in importance.

  7. IT capabilities are stretched.

  8. Analytics is becoming part of the core business.

  9. Closing the skills gap is vital.

  10. Potential for technology disruption may be underestimated.

For utilities executives across the world, the digitally enabled grid is not just smart, but an optimized blend of the traditional with next generation intelligence. Find out more about the Digitally Enabled Grid.

Connections