with 68 Utility Partners. working When individuals, teams, departments, and business units collaborate with a unified cadence and rhythm, and with a common goal, organizational transformation can be realized. November 16, 2020 Thanks to a number of market disruptors, utilities are no longer in a position to simply collect the check. The Digital Utility Awards are a unique celebration of the people, projects, and organizations at the forefront of digital utility transformation. Utility Innovation Research. They reveal key drivers of, and challenges to, generating and implementing new ideas. sustainability Will your digital investment strategy go from virtual to reality? 4. 87% say they feel empowered to take innovative ideas to superiors. 3. Business and IT are working in silos when it comes to process and technology change. Heightened R&D and innovation spending is fundamental to revenue generation and differentiated long-term GT40 strategic positioning and competitive success. 5. For 30 years, he has provided a broad range of technical expertise, business strategy, and operations acumen. In this blog, Jean offer recommendations to accelerate digitization to deliver growth, strengthen market position and build resilience. Recommendation: Promote a culture that fosters human connections (e.g., with customers, between teams and business units, and among employees). thinking To become a utility member of the Leading Utilities of the World, a utility needs to demonstrate outstanding innovation in at least three areas of utility management (referred to here as 'innovation areas') and have an ambition to continue to drive performance in the years to come. AWWA, WEF, WSAA, WE&RF. The consequence is that innovation happens in silos and does not create the expected outcome. The Innovation Engine A Framework for Utility Innovation. Transmission and distribution Transform power networks for improved asset performance reduced costs and realized value. November 8, 2020 Thepower and utilities sector was traditionally where many parents or grandparents parked their savings as they got older, attracted by low volatility and stable returns. embracing and Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Recommendation: Encourage working in concert across the enterprise. Utilities are threatened by innovation at the "distribution edge" of the grid. United Utilities Innovation Lab Programme Highlights. While utilities’ focus on safety has increased significantly, from 29% over the last five years to 45% today, their focus on innovation is much lower and has decreased over the same period from 10% to 7% respectively. Electric utilities were still boiling water to turn turbines, as they had for 100 years. Its main goal was to keep the lights on without breaking the bank. Future of Utilities: Innovation in Networks showcases those at the forefront of industry advancement by bringing networks together to discuss how asset management is changing as a result of new sensor data and analytical capability. Utilities are on a countdown to reinvention because an irreversible change in the utility ecosystem is nearly upon us. ... CGI community AWWA, WEF, AMWA, NACWA, WSAA. Emerging technologies will play a crucial role, and utilities must harness their capabilities to seize the opportunities presented by the new energy world. To get to a next level of insight, CGI’s U.S. operations commissioned a survey of more than 100 utility professionals on the state of innovation in the industry, including the role of people, processes, and technology in enabling that innovation. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. women Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The Mobile for Development (M4D) Utilities Innovation Fund, supported by the UK Government and the Scaling Off-Grid Energy Grand Challenge for Development, aims to test and scale the use of mobile to improve or increase access to energy, water and sanitation services. Interestingly, 51% of survey respondents say individual business departments control and monitor process change and 58% say that the IT department controls and monitors technology change. However, this doesn’t mean an idea will result in a meaningful change. Industry Recommendation: View safety and innovation as complementary, not mutually exclusive. I’ve had two examples this past month where I heard, saw and experienced innovation in action in the utility industry. Newspapers were still produced in a factories in the middle of the night, loaded onto trucks before the morning rush-hour, and then entrusted to 10-year-old boys for delivery. As utilities rethink their innovation models, the ability to create and strengthen human connections, which may need to be virtual for the time being, is a key to creating value. But they would be wrong, or at least only half-right. So, why is there such a gap and why do barriers persist? Here's a closer look at those innovations and what they mean. shaped Are you running an analogue supply chain for a digital economy? On Thursday 22nd October 2020, Bill Identity (Bid) was recognized as the winner for the ‘best digital innovation that focuses on improving customer outcomes and experience.’ While the survey was conducted among U.S. organizations, we believe these insights are insightful/inspirational for utilities worldwide. of transformation, Many utilities struggle to overcome the illusion that all failure is bad. Utilities based outside North America dominate absolute R&D and innovation spending, filling eight of the top 10 GT40 rankings. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Also continue to foster diversity, which creates an environment for generating new ideas to meet new challenges. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. as and The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Launched Leading Water and Wastewater Utility Innovation. Like what you’ve seen? The findings of that survey provide insight into the industry’s innovation culture and how it is changing. Utilities need to innovate and transform their businesses to handle the unprecedented disruption across the sector. 2. WHA Utilities and Power Public Company Limited is an integrated utilities products and services providers and active power investor with strategic partnership with reputable Thai and international operators. Emerging technologies will play a crucial role, and utilities must harness their capabilities to seize the opportunities presented by the new energy world. also Utility innovation programs are beginning to branch out to consider expanded services, processes and financial and business models. While electric vehicles still represent a small fraction of vehicles on the road today, researchhas shown that it takes relatively few EVs on one distribution feeder to have a significant effect on the overall performance of the grid. ... Digitalization, decentralization, and decarbonization are powerful forces for change in utilities. As a result, stakeholders are looking for tools and programs to leverage EVs as a grid asset rather than a liability. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. From new technologies, regulatory changes, rising costs, and a growing call to decarbonize, disruption is forcing the utility industry to change.Emerging technologies have a critical role to play, and utilities need to embrace them and the McGeehan are Get in touch to learn more. The research and development (R&D) budgets of U.S. electric utilities - both POUs and IOUs - … Utilities have a genuine opportunity to build on the innovation momentum begun in response to the pandemic, and continue to transform for the energy transition. All Rights Reserved. Stay up to date on the latest innovations, trends, and solutions by joining other utilities stakeholders to learn and share insights through blogs, discussions, and events – and find out how SAP can help your utilities business run better. Following is a summary of our findings, along with recommendations for sparking and sustaining innovation in utilities. And many struggle to run an organization that can focus both on agility and reliability.” This is the message from the Utility Innovation Blueprint report, a collaboration between Oracle Utilities and Navigant Research. to present Fast forward to today and, while still laser-focused on reliability and affordability, the power and utilities sector appears to be morphing into an increasingl… Ensuring innovation provides sustained results at scale and are aligned with business needs also requires establishing clear KPIs—with a proven framework to ensure those KPIs are measured and tracked, with regular reviews at all levels of the organization. EY | Assurance | Consulting | Strategy and Transactions | Tax. You must have JavaScript enabled to use this form. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. At the same time, with the recently released long-range Chevrolet Bolt, the soon-to-be-r… Oracle Utilities is now a part of the Oracle Industries Innovation Lab (Oracle IIL), a hands-on space that allows Oracle Utilities, Oracle Construction and Engineering, and Oracle Communications to inspire, collaborate, innovate, and explore with customers. UK new Culture also is a main contributor to the success of change management initiatives and is the primary reason half of respondents (53%) consider these initiatives to be successful. 4. Across utilities, we’re helping transform companies to continuously adapt and improve outcomes through innovation. © 2020 EYGM Limited. Utilities face a tough challenge when it comes to infusing innovation into the way they work. CGI's Leaders Some of the current research efforts at WINSS include studying the use of ferrate for disinfection, research on electrodialysis with nanofiltration, and developing a mobile application to assist small systems with asset management. Pro-market reforms have disrupted the playing field and strongly affected the innovative behavior of electricity, gas and water utilities. 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