Powering Energy Industry Progress with Platform-based Business Models

By Bernhard Khaled, Michael Ruckel, and Laura Mayer
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This article was first published in BCG Platinion

Energy providers are facing three compounding challenges: rising demand, complex supply challenges, and increasing customer expectations. Those held back by talent shortages and legacy IT burdens can bridge the innovation gap by building a partner ecosystem in a way that ensures operations and legacy systems are maintained affordably, while simultaneously building the new landscape. The success of a platform transformation hinges on balancing technology, strategic planning, and organizational agility.