January 30, 2019Digital has helped many organizations generate greater efficiencies across their operational business units, significantly improve customer experience, and accelerate innovation to allow them to stay ahead of the competition in rapidly changing markets. Utilities are partnering with cities and builders to implement sensing technology and data analytics in “self-learning” buildings, as part of integrated municipal energy and environmental planning. People create and sustain change. Gartner research primer can help energy and utilities organizations’ CIOs and their stakeholders to transit from traditional to digital enterprises with new operating and business models. Beyond the energy sector "Digital Transformation", "Industry 4.0" or "Awakening of the Data Economy" are key issues, describing a rapid and profound transition of our economic life. Happiest Minds evaluates current operational processes and IT architecture and then helps clients in the energy and utilities segment utilize state-of-the-art technologies to enjoy a connected experience with connected assets and a connected workforce, leading to centralized maintenance and centralized operations. The companies are facing major challenges across verticals such as business, technology, social and environment. When a worker repairing or inspecting parts is at risk, or suffers an injury or a fall, readings from these wearable devices could detect the situation and alert authorized personnel to take immediate action. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. CREATING A DIGITAL TRANSFORMATION ROADMAPÂ. Digital transformation is the path of development for every industry. The pace and effect of this 'Energy Transformation' has surprised many. Most transformations fail. One unintended side effect from the COVID-19 pandemic has been the boost given to digital technologies among utilities. The Appian low-code platform will help you deliver powerful applications, faster that streamline integrated operations, improve asset performance, and innovate customer management. The energy and utilities industries are undergoing a dramatic shift driven by rising stakeholder and customer expectations, increasing economic, and political uncertainty, and emerging new technologies. Start your utilities digital transformation journey to help improve efficiency and lower costs across your entire enterprise. Digital transformation ahead. Unfortunately, despite the availability of a huge amount of valuable information, a major portion of the data is traditionally siloed across business units due to which companies involved in conventional power generation, renewable energy generation, power transmission and distribution, retail energy services and water companies are unable to optimize their processes. They also assist maintenance crews in following the standard operating procedure via visual guidance. Stakeholders demand greater transparency into the supply chain to optimize operations and cut costs. In addition to new developments, Happiest Minds helps integrate legacy systems, bringing them on to a common platform to enable smooth management without the need of accessing multiple websites and portals to track different assets and operations. As per the WQR 2016-2017, a key technology change associated with digital strategies is cloud adoption. cookies. Please use UP and DOWN arrow keys to review autocomplete results. Although digitization of energy and utilities management is not yet the reality in all companies, this process is here to stay and only brings benefits to those who employ the technology to assist and improve processes. Subscribed to {PRACTICE_NAME} email alerts. We use cookies essential for this site to function well. Learn more about cookies, Opens in new With the Terra Numerata initiative, our ambition is to help European champions become digital market leaders rather than followers. Please click "Accept" to help us improve its usefulness with additional cookies. We leverage wearable device technology to help them track and confirm worker safety. Digital Transformation in Power & Utilities Digital is transforming many industries, and the power and utilities industry is no exception. Realize your digital potential, from upstream production and refining to utilities and energy services. Unfortunately, a higher pace of innovation and a greater focus on digital strategies are needed to survive and succeed in the energy sector today. Stakeholders demand greater transparency into the supply chain to optimize operations and cut costs. With the rise in digital technology, many organizations are adopting digital solutions…, Customer-facing marketing material usually apprises a prospect about a company’s products or…, Happiest Minds is a digital technology leader in providing services & solution for…, Happiest Minds Technologies offers a wide range of Embedded Design Services that…, IoT Manufacturing Solutions for Industry 4.0, Product information management strategy for enterprises in 2020, Location Mobile Personalization(LO-MO-ME), Managed Infrastructure & Security Services, Digital transformation in plants, transmission lines, sub-stations, and consumer homes. Help us improve its usefulness with additional cookies main goal was to the! 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