Utilities face many challenges with their business and operations. In a highly asset intensive industry with a geographically disparate asset base, implementing operational and maintenance standards and practices is necessary to continually improve the balance between asset reliability and costs. They require uninterrupted supply of adequate and cost-effective materials
Just like any other industry, the customer is the raison d’être of the electric utility industry. Electricity is a basic need and the potential customer base of a utility company is limited only by the total population of the region they serve. In the last few years, these customers
The electric utility industry is under constant pressure to explore new and more efficient ways to cut costs and increase production capacities for a secure, reliable and affordable supply. It’s been an uphill battle for a decade, and it keeps getting tougher. Aging infrastructures is getting costlier to replace, making
The criticality of electricity cannot be overstated and neither can the effects of the ongoing transformation in the electric utility industry. Worldwide, energy companies are in the midst of mega transitions, forced to rethink how they operate and how they will make good on their obligations over the long
Implementing a companywide MDM strategy is not a simple undertaking even during normal times. Add in an M&A transaction and the work gets trickier. Fortunately, the benefits — particularly the multiplying effect it will have on the M&A deal’s ROI — make it worth the effort. Over the
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