Global utilities in the midst of "major paradigm shift"
December 16, 2013 | By
Barbara Vergetis Lundin
IDC Energy Insights has released its 2014 predictions for global utilities to provide organizations with insight and perspective on long-term industry trends and new themes and help company leaders capitalize on emerging opportunities and strategize for future growth. "Despite regional nuances, the globally utilities industry is in the midst of a major paradigm shift. Flexibility and innovation are the 'new normal' and digital technologies and distributed generation are the cornerstone of the transformation across the entire value chain," said Roberta Bigliani, associate vice president, head of EMEA, IDC Energy Insights. "In 2014, utilities will invest in analytics, mobility, cloud, social media, and cybersecurity while CIOs will adopt alternative sourcing models to enable business agility and reduce IT investments. Leadership and governance of OT and IT integration will be crucial to avoid undermining innovation." The top 10 predictions are:
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