10 Ways UK Utility Firms Can Boost Operational Value
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As more tools surface for capturing and analysing data, new design strategies to improve processes and generate transformational change for their businesses are being increasingly seen in the energy and utility sector.
Inefficiencies in the industry encompass a plethora of wasted energy each year. Advanced technology, such as big data, analytics and smart metering can help UK utility companies to eliminate this waste and improve customer experience to gain full control of their resources.
The UK utility and energy market is characterised by high levels of churn and a 38% average switching rate with domestic consumers changing electricity or gas supplier every week. With the advent of Smart Grid too, the levels of data collection are dramatically increasing which is opening up huge opportunities for utilities to exploit. The big
question though, is how do utility companies leverage the huge volumes of datasets to create value for their businesses?
Ahead of the Big Data & Analytics Utilities event in London (06 – 08 October, 2015), we bring you ten quick ways utility organisations are improving their operations, uncovering monetisation opportunities and understanding customers better across their value chains.