Smart Energy & Utilities

Market players have managed to respond to this challenge by relying on technological partners, such as Engineering,

working together to optimize their core processes and quickly acquire new knowledge and skills.

Industry evolutions stem from several global drivers, such as:

• Digital Transformation, which redesigns traditional processes and business models through “enabling” digital technologies, such as: AI & Advanced Analytics, Cloud, Cybersecurity, IoT, RPA, AR/MR/VR, Blockchain, Digital Twin. Such transformation generates new paradigms, improving existing processes and solving so-called “traditional problems”, making the most out of the power of data.
• Technology-Allows Customers to operate on safe IT ecosystems that do not involve a central authority, thus reducing possible frictions between ecosystem participants. Technologies such as Blockchain are the main actors in this area.

• Green Energy, the energy of the future, already adopted, from renewable sources will be stored locally. In this process, the final consumer will adopt a new identity, as both energy “producer” and “reseller”. This is among the most likely scenarios, which could lead companies to increasingly adopt the process of “decarbonization”.
• Power to the Digital Player, as we live a “democratization” of technology, where digital players deploy tools and information for all stakeholders. Moreover, the barriers that, in the past, separated different market sectors are falling, thus allowing technology companies to access previously unexplored areas. For example, in recent years, players who did not belong to the energy sector, but who exploited their skills in terms of services or infrastructures entered the energy industry.