IDC Energy Insights Makes Waves at Wednesday's Web Conference

IDC Energy Insights Makes Waves at Wednesday's Web ConferenceOn Wednesday, IDC Energy Insights hosted a web conference, IDC FutureScape: Worldwide Utilities 2015 Predictions, to highlight the predictions based on the IDC FutureScape report.

Some of the informational gems that came to light yesterday are receiving no shortage of attention this morning.

Among the most talked predictions from the IDC FutureScape for Utilities include:

  • With value pools in more mature markets shifting away from generation, by 2017 utility CEOs will derive at least 40% of their companies’ EBIT from new business models.
  • In 2015, unable to invest in legacy systems replacement, utilities will invest 27% of IT budgets on hybrid/composite solutions to patch in capabilities for growth and innovation.
  • By 2018, 80% of utilities will still not have a chief digital officer to orchestrate digital transformation and the convergence of operational and consumer technologies with IT.
  • By 2017, 45% of utilities’ new investment in analytics will be used in operations and maintenance of plant and network infrastructure.
  • By 2018, 45% of new data traffic in utilities’ control systems will originate from networked, non-utility owned DER (distributed energy resources).
  • In 2015, 60% of energy retailers will still fall short of implementing omni-channel capabilities, thus missing out on meeting expectations for an effortless customer experience.

“Over the last few years, energy demand has been largely redistributed globally, shifting considerably toward emerging economies,” said Roberta Bigliani, associate vice president and head of EMEA for IDC Energy Insights. “In more mature economies the future outlook for utilities appears challenging and full of uncertainties. However, it will present opportunities for those agile and capable enough to adapt to variable environments to quickly deploy or collaborate with others and implement solutions that may fall outside the traditional scope of a utility. Utilities that succeed in this energy transition will have innovation, speed, and flexibility in their DNA.”