Today, utility companies are faced with challenges on every front; consumers, regulatory agencies, competition, profit erosion and aging infrastructures. To maintain greater speed and agility in market, utility companies must adapt faster to change, get closer to customers, increase focus on value-added services, and collaborate more dynamically with a wider range of potential partners.
The Internet of Things (IoT) enables companies to embark on new business models to meet these increasing demands—at a much faster rate and with relatively minor investments, as compared to traditional infrastructure investment costs and timelines.
Download this white paper to learn:
- The transformation and changing needs of utilities
- How IoT can support business models for change
- Top 5 essential steps for getting started with IoT