Digital is transforming many industries, and the power and utilities industry is no exception. Today, digital is transforming the way power and utilities companies operate—how they create value, serve customers, manage costs, optimize processes, and capture new market opportunities.
Although the specific challenges differ, digital affects the full utility value chain:
Digital is expected to disrupt established business models by drastically affecting the scope of activities and their economics and by enabling the emergence of new players. This disruption will change the competitive dynamics of the relevant ecosystems. In our work with leading organizations, we find that companies often struggle with the complexity of these changes.
Power and utilities companies face similar strategic imperatives, no matter where they operate. They may be:
BCG’s Center for Digital in Power & Utilities uses deep utility experience combined with a structured approach to enable companies to understand emerging opportunities and risks and define the best course of action tailored to their unique situation. We help define the digital vision, build new offerings, transform core businesses, and establish a solid foundation for full-scale digital transformation.
The Center for Digital in Power & Utilities is comprised of the world’s leading strategy consultants who have deep expertise in each utility business, along with digital experts, data scientists, and technology specialists. Together, we’re helping companies transform their operations so that they’re able to unlock the new opportunities made possible by digital.
BCG Platinion, a core part of The Boston Consulting Group, brings together expertise in IT architecture, implementation, IT project management, and design to help our clients master complexity and deliver results. We connect with and extend BCG’s capabilities in implementation for IT, digital, and cybersecurity. We help our clients successfully complete and realize projects by accelerating implementation, reducing costs, and minimizing risk.Platinion Website