When utilities look into the future, they see a market in a state of constant change. The ongoing industry transformation including digitalization and changing market landscapes means that the utilities market of the future will be vastly different to how it is today.
In addition to technological advances like the introduction of IoT, intelligent applications, big data and new tools for analytics, current operational models have to be reassessed, and energy utilities will need to shift their focus from data collection to data utilization.
In order to successfully tap the potential of the digital transformation, utilities will need to rethink and optimize every area of their business, from customer experience to internal operations and business models. And at the same time as they should develop new value-adding services and create new business opportunities, requirements for operational efficiency and security are steadily increasing. The question is, what is the best way to manage these challenges?
Managed Services – an intelligent approach
One of the solutions that more energy utilities are embracing to support this transformation is Managed Services, which can add value to utilities across the entire value chain, from improving generation, transmission and distribution, to opening new revenue streams in retail and services. The great thing about Managed Services is that it allows utilities to increase their capacity as the organization expands – a “pay-as-you-grow” service.
Cloud services, for example, are a very cost-efficient way to build capacity in cases where utilities need to increase capacity or are undergoing change, because no large upfront investment is required. The cloud offers a professional and secure data-hosting environment with the ability to optimize server capacity based on demand, which translates to clear cost savings.
One of the major advantages of Managed Services is flexibility: utilities always have the capacity they need, and can scale capacity up as customer demand grows.
One of the major advantages of Managed Services is flexibility: utilities always have the capacity they need, and can scale capacity up as customer demand grows. This increases utilities’ agility to react to new challenges. Firms that use a cloud service provider can drastically improve time-to-market, with no need to develop new systems from scratch. Instead, utilities can rely on the expertise and experience of a specialized external provider with experience in the utilities market to develop the solution their firm requires. Managed Services make it possible to keep pace with ongoing technological changes and enjoy the considerable benefits they offer, while at the same time keeping associated costs entirely predictable.
Smart Grid as a Service
Advanced metering infrastructure (AMI) and Smart Grid form the core of digitalization by providing exponentially growing volumes of data. At the same time, these processes are growing in complexity as data management and provisioning increase, new intelligent endpoints and applications are introduced and communications systems evolve into interconnected networks.
Depending on the energy utility’s preferences, the service can range from support for daily operations to a fully managed IoT operating service.
In order to support its utility customers in the energy transformation, Landis+Gyr is extending its AMI and Smart Grid portfolio to include Managed Services. Depending on the energy utility’s preferences, the service can range from support for daily operations to a fully managed IoT operating service. Customers can take advantage of actionable, high-quality data and be fully confident of the efficiency and security of their operational models. As operational costs are agreed in advance, utilities can effectively plan their future expenditure, years in advance, and minimize technology, integration and deployment risks. Landis+Gyr is fully focused on AMI and Smart Grid and continues to push the envelope in developing their technical and human capabilities, to stay at the head of the pack in the energy utility industry.