Where Utilities Should Focus in 2024: Decarbonization and Cost Takeout
Looking ahead to 2024, we see a return to normalcy for utility leadership. One big exception here is the wildcard of generative AI.
As a global leader in sourcing advised transactions, ISG has a proven track record supporting the largest global oil and gas companies, with over 150 engagements under our belt in just the last 5 years. We provide experienced advisors who give actionable advice to drive efficiency and tie outcomes to business value.
We're the market leader in terms of number and value of IT sourcing transactions completed. This has enabled us to assemble a comprehensive and unique set of data, analytics and market intelligence over 30+ years of data collection and analysis. Our data covers not only quantitative metrics like rates and pricing, but also qualitative views on personnel productivity, contract SLAs, contract lengths, service quality, as well as the sourcing trends shaking up the industry. All of this gives us unmatched insight into operational, financial and commercial best practices. We make these insights actionable by setting up a custom dashboard that compares your contracts with best practices, and give recommendations on the supporting KPIs and SLAs that drive business value, customer experience and performance. Talk to us about how we can help you get more value out of your partner ecosystem and technology investments today.
ISG's full research report on the oil and gas industry is 60+ pages, and gives a thorough comparison of needs, trends and providers in the industry. To access the full report and a complimentary briefing on it, contact us!
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Learn MoreThe chemical industry encompasses the transformation of various raw materials into a diverse array of products. Chemical products are used in almost all branches of industry and are highly crucial in a few, such as pharmaceutical and automotive. The chemical industry is complex and vital to the economies worldwide. The global chemical industry is amid a challenging year as geopolitical volatility, commodity price fluctuations and overall demand and supply chain issues plague the entire value chain.
Asset management is an important area of focus in asset-intensive industries, such as oil and gas, metals and mining, industrial machinery, and power and utilities. The need to increase the life span of equipment, plants, machinery and other assets is driving the adoption of asset management tools and software. Implementing EAM software helps utilities and companies from other assetintensive industries improve efficiency, lower emissions and reduce costs, with maximum uptime and reliability.
North American power and utilities industry may not drive global headlines but faces considerable headwinds such as increasing clean energy adoption (decarbonization), ensuring grid and service reliability and resiliency, improving infrastructure security, and optimizing costs.
Embracing a cloud-based ERP application may be the single most important move you can make to springboard your organization into true digital transformation.