European governments are taking measures to counter the impact of unprecedented energy inflation, while utilities are investing in upgrading their infrastructure for energy independence, according to a new report by Information Services Group (ISG). The report highlights the need for digital transformation, cybersecurity improvements, digital enablement of the workforce, and continuous investment in technical and channel partnerships to build a competitive and sustainable power and utilities industry in Europe. Europe has been a leader in maintaining a diversified energy mix through nuclear, conventional, and renewable power generation options. However, the region’s dependence on gas imports from Russia has posed a major challenge in the current geopolitical environment. The report emphasizes the growing shift towards clean energy and the goals of achieving net-zero and decarbonization, which are driving investments in the power and utilities sector. Companies are hopeful that digital transformation will enable resilience, facilitate the transition to sustainable energy sources, improve asset performance, enhance customer experience, and meet regulatory requirements. The report also highlights the transition of “brown industries” to investing in clean technologies to become “green industries.” These investments in clean technologies are considered a way forward. The 2023 ISG Provider Lens Power and Utilities report evaluates the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
