Utility Companies ICT Investment Trends Examined by Kable in Topical Survey Published at MarketPublishers.com
15 Oct 2014 • by Natalie Aster
LONDON – The utility sector is presently facing a host of challenges. With stagnating sales, increasing use of distributed generation, ageing infrastructure, and more stringent environmental standards, power and utility service companies worldwide are increasingly looking to enhance performance whilst keeping consumers’ expenses down and maintaining system safety. In this context, utility companies are expanding their ICT infrastructure by migrating to up-to-date IT platforms, piloting advanced metering/smart metering infrastructure, and refining supply chains to adhere to compliance regulations. Moreover, utility service providers are spending much money on achieving energy performance, which will likely drive the demand for green IT and virtualisation technology.
In the offing, utility companies are expected to allocate 62% of their ICT budgets toward hardware, software, and IT services in 2014, which is a little less than the combined allocation as of 2013. Hardware is set to remain enterprises’ top priority in 2014, although the percentage allocation will likely be slightly lower at 24% as compared to 2013, while investments in IT and software services will remain on a similar scale. Meantime, companies are increasingly looking to software solutions to drive automation and enhance client satisfaction to keep their competitive edge.
Topical survey report “ICT Investment Trends in Utilities - Enterprise ICT Spending Patterns through to the end of 2015” prepared by Kable contains the findings from a survey of 153 utility companies regarding their ICT investment trends. It examines how utility service providers allocate their ICT budgets across the key areas of enterprise ICT spending – hardware, IT services, telecommunications, software, and consulting. The study offers a comprehensive breakdown of the opportunities in each core area of ICT expenditure. It identifies the opportunities within selected technology categories, such as content management, cloud computing, and green IT and virtualisation. The study presents a deep understanding of the factors that are impacting utility service providers’ decision to choose a particular ICT provider. The research publication gives a detailed overview of what business and IT objectives utility companies are looking to reach via their ICT investment strategies.
ICT Investment Trends in Utilities - Enterprise ICT Spending Patterns through to the end of 2015
Published: September, 2014
Price: US$ 2,995.00
More topical reports by the publisher can be found at Kable page.