Digital Transformation of Energy Utilities – Shifting Gears?  

Utilities’ investment in digitalization is increasing but still follows an asset-based approach. Investment in software, however, seems to be lagging behind with no increase in budget over the last three years. With respect to new software solutions, like AI, the energy sector currently comes in last compared to other sectors and will do so in the future according to the survey by BCG quoted in this post. Nevertheless, there are currently many solutions based on AI, machine learning or other digital approaches available to the utilities. Which leaves us with the question whether utilities will pick up the challenge to adopt these new technologies like AI and apply them to their core-business?

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