Century old practices that dictate inspections monitoring and maintenance should updated. That more data obtained remotely and corrective action decisions can derived from analytics. To coordinate these activities any successful transformation must be truly cross functional. with role definitions and decision rights clearly defined. Pursue multiple levers for value. When developing a digital agenda utilities need to consider all the value levers they can access and deploy including. Reduced cost of transactions Technologies such as blockchain if combined with operational Egypt Email List process changes. The can fundamentally reduce transactional costs such as payroll processing and benefits administration in human. The resources invoice processing in the supply chain and accounting entries in the finance function.
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Reduced operational costs Advanced digital grid modernization projects such as advanced network control automation energy storage and microgrids can improve. The cost performance of specific power generation and delivery functions. Growth opportunities As utility business models shift away from commodity sales from central plants and toward distributed energy resources. As customers integrated into the value chain and as distribution system operators transact energy in real time. Utilities must invest in the digital capabilities that enable and abet the emerging ecosystems. Just as investing in a digital thermostat gulf email list alone does not transform a house into a smart. Connected home merely implementing emerging technologies such as blockchain. AI on a piecemeal basis won’t help a utility become a digitally competitive operation.
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Digitizing a utility requires a steady process that integrates marketing and commodity sales, operations, maintenance, supply chain, and the development of new products and services (e.g., electric-vehicle charging and demand response). Digitization has to provide a pathway to a tangible boost in enterprise value through increased free cash flows, reduction of risks, and better levels of service. And digital deployments must rest on a foundational business architecture that is rooted in a solid understanding of the costs, benefits, and maturity of the technology. The business architecture defines the activities that need to be performed, together with their grouping, organization, and interactions. Whether the goal is incremental evolution or a wholesale transformation, a robust business architecture will enable companies to avoid expensive one-off mistakes and offer greater flexibility and optionality to upgrade as technologies evolve.
