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U.K. Utilities Seize Digital Advantage for Greener Energy
Rhea-AI Impact
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Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
ISG Provider Lens™ report reveals significant advancements in the U.K. power sector's digital transformation. Utilities are leading in smart grid technology, driven by decarbonization and decentralization. The report highlights investments in SaaS, cloud computing, and AI to enhance operational efficiency and customer service. While the sector aims for substantial green energy capacity growth, challenges remain, including rising energy costs, cybersecurity, and infrastructure upgrades necessary for integrating new energy sources. The report evaluates 33 providers and names Accenture, IBM, and Infosys as Leaders across five quadrants.
Positive
U.K. utilities are at the forefront of adopting smart grid technologies.
Significant investments are being made in digital tools like SaaS and AI.
The sector aims to increase green energy capacity significantly within the next decade.
British utilities are enhancing customer service through advanced systems.
Negative
Utilities face challenges with rising energy costs and cybersecurity risks.
There is a need for major infrastructure upgrades for new energy sources.
Technology adoption makes British power sector a leader in smart grids, but infrastructure and customer engagement challenges remain, ISG Provider Lens™ report says
LONDON--(BUSINESS WIRE)--
Utility companies in the U.K. have made significant strides in digital transformation in response to fast-moving energy trends, including decarbonization and decentralization, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2022 ISG Provider Lens™ Power and Utilities — Services and Solutions report for the U.K. finds the British energy sector is ahead of North America in adopting new technologies and regulations, though utilities are still working to address changing customer preferences, rising energy costs, cybersecurity and the transition to renewable resources.
“British utilities are pioneers in smart grids and other new technologies,” said Tim Morley, director, ISG Northern Europe, based in the U.K. “Working with service providers, they are improving operational performance and driving increased efficiencies and enhanced customer service.”
In addition to increasing investments in smart grid research, testing and trials, the U.K. energy sector is expanding its use of other digital tools and services, including SaaS-based enterprise asset management to minimize downtime and latencies, cloud computing for advanced metering and data analysis and AI for resiliency and personalized customer service, the report says.
Utilities are quickly moving into wind, solar and other renewables, expecting to significantly increase green energy capacity in the next 10 years, as the U.K. government and enterprises set ambitious goals for net-zero emissions, ISG says. Integrating new energy sources, including power sold back to the grid by customers, along with the transition to electric vehicles (EVs), will require major upgrades to Britain’s transmission and distribution infrastructure.
“British utilities are reshaping the grid to keep it reliable as distributed generation and new power demands come online,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “They are also preparing for new business models around EVs, energy storage and value-added services for prosumers.”
Customer demand for new digital experiences, influenced by trends in other industries, has led British utilities to invest in new customer service infrastructure, including advanced customer information systems. They are upgrading systems dominated by voice calling to omnichannel platforms that incorporate chatbots, robotic process automation and smart speaker interaction.
The report also examines other issues in the British utility sector, including the shortage of digital skills in an aging workforce, greater vulnerability to cyberattacks with a smart grid and the industry’s challenges in cloud adoption.
The 2022 ISG Provider Lens™ Power and Utilities — Services and Solutions report for the U.K. evaluates the capabilities of 33 providers across five quadrants: Intelligent Business Process Management Services (iBPMS), Next-Gen IT Services, Grid Modernization, Enterprise Asset Management (EAM) and Customer Information Systems (CIS).
The report names Accenture, IBM and Infosys as Leaders in all five quadrants. It names Cognizant as a Leader in four quadrants and Atos, Capgemini and TCS as Leaders in three quadrants each. EXL, Teleperformance and WNS are named as Leaders in two quadrants. CGI, HCL, Hitachi Vantara and Wipro are named as Leaders in one quadrant each.
In addition, Enzen is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in one quadrant.
A customized version of the report is available from EXL.
The 2022 ISG Provider Lens™ Power and Utilities — Services and Solutions report for the U.K. is available to subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
