- Industry: Energy & Utilities
Utilities must also meet evolving customer expectations, update aging infrastructure, react to public policy and regulatory directives, and embrace disruptive technologies, all while keeping electricity prices affordable. The pressure on utilities to phase out antiquated field-area networks, including those that still rely on analog communications alone, can cost billions of dollars, with major implications for future operations.
This vortex of pressure and change is exciting and intense for utility officials and regulators. It’s decision time, and the choices made now will determine which utilities capitalize on the new opportunities and which become slow growth commodity businesses. To excel in this environment, utilities require quality talent with new skills. That means winning the war for talent. Meanwhile, cyberthreats and grid vulnerability are being recognized as very real threats requiring significant investment to protect our infrastructure from a national security concern.
To help the industry identify challenges and seize opportunities, we are sharing our observations and point of view in this 2020 Energy & Utilities Industry Outlook.
Download our findings below.