Worldwide Utilities Industry Predictions 2018
Source: IDC
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Worldwide Utilities
2018 Predictions
1
By 2019, 85% of utilities in the G2000 will have established a new business unit with its own financing and governance, or a separate company, to speed up innovation and business transformation.
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Worldwide Utilities
2018 Predictions
2
Solar integration: Through 2020, solar — the fastest-growing form of distributed power globally — will drive distributed energy management system implementations and expansions of existing advanced distribution management systems by as much as 50%.
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Worldwide Utilities
2018 Predictions
3
Microgrids: Through 2020, emerging markets will offer the largest growth opportunity for microgrids, reducing the need for bulk transmission systems and creating new revenue streams for up to 25% of utilities worldwide in the form of microgrid as a service (MaaS).
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Worldwide Utilities
2018 Predictions
4
Electric vehicle (EV): With electric vehicles expected to increase 150% in the next three years, the number of electricity utilities with business units for emobility services will have doubled by 2021 .
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Worldwide Utilities
2018 Predictions
5
Blockchain: By 2021, 50% of gas and electricity utilities that are currently piloting distributed ledger technologies (DLTs) will move to commercial deployment in at least one of the following use cases: peer-to-peer energy exchange, emobility, and data integrity and protection.
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Worldwide Utilities
2018 Predictions
6
Future of Work (FoW): By 2020, 25% of utilities will have moved from traditional talent sourcing strategies and models to virtual, borderless, and task-oriented approaches, integrating online communities and platforms to acquire skills and temporary staff.
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Worldwide Utilities
2018 Predictions
7
Asset performance management (APM): By 2019, 75% of gas, water, and electricity utilities will be using some form of APM to manage critical operational assets, leading to an improvement of up to 10% in operational performance.
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Worldwide Utilities
2018 Predictions
8
Drones: By 2020, 50% of all electricity transmission and distribution utilities will be using drones to evaluate service lines, thus reducing asset and inspection costs and achieving savings of up to 5% and 30%, respectively.
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Worldwide Utilities
2018 Predictions
9
Customer experience (CX): In 2018, in targeting millennials, gas and electricity suppliers will dedicate 50% of their customerexperience–related IT budgets to digital channels, product marketplaces, and personalized services, leading to gains of up to 2 points in their Customer Effort Scores.
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Worldwide Utilities
2018 Predictions
10
IT/OT security: By 2019, driven by executive-board focus, 30% of utilities worldwide will have modified their security approaches, abandoning "perimeter defense" in favor of a resiliency-oriented model, which integrates IT and OT, cybersecurity and physical security, and data protection and privacy.
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Trusted Partner for Digital IT, BI Analytics, Automation & Data Management USA 1923 Bragg St #140-3219 Sanford, NC 27330 +1-30235 14656
INDIA 17/1, Amblipura, Bellandur Bengaluru +91-99524 22243
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