The utilities sector has changed significantly in recent years and companies in this market should embrace new communications technologies to fully take advantage of this new world.
Change has come about due to shifting demand, unprecedented capital investment, evolving consumerism, “smart” technologies, security of supply and the demands of a lower carbon future.
Smart energy distribution and initiatives such as Smart Grids and Smart Metering are set to transform the industry and introduce more intelligence into both the supply and demand sides.
Communications technology is at the heart of this change and exciting developments are taking place to help embrace the technologies and services available to the market. If utilities don’t embrace the opportunities presented by developing communications technology, other more agile market players could take the lead in shaping the future of the industry.