Energy

Digitization, deregulation and decarbonization are shaping the energy market and transforming the conditions for the generation, distribution and consumption of energy. The political and technological developments associated with the energy transition and digitization present considerable challenges equally for the electricity, gas and oil industries. Energy utilities are facing falling margins and considerable cost competition from existing and new competitors as well as changes in consumer behavior. At the same time, data and AI continue to play a crucial role in the energy industry's offerings, operations and processes. Therefore, they are faced with the challenge of driving forward their realignment - similar to telecommunications companies in the past. In order to achieve a right-to-play in this complex environment, energy utilities must transform themselves from pure infrastructure operators to data-centric energy supply companies (see image).