[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.the-future-of-commerce.com\/2018\/03\/07\/digital-energy-network-transforming-the-utility-industry\/#BlogPosting","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2018\/03\/07\/digital-energy-network-transforming-the-utility-industry\/","headline":"Digital energy network: Helping the utility industry reach new heights in a digital world","name":"Digital energy network: Helping the utility industry reach new heights in a digital world","description":"The utility industry is not immune to disruption. The digital energy network helps utility and power markets remain competitive and address future needs.","datePublished":"2018-03-07","dateModified":"2024-04-24","author":{"@type":"Person","@id":"https:\/\/www.the-future-of-commerce.com\/contributor\/james-mcclelland\/#Person","name":"James McClelland","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/james-mcclelland\/","identifier":275,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/0ac87fe035540f04e7f557795a26652d5d9f09571dd108764e26e7e51bf2dbde?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/0ac87fe035540f04e7f557795a26652d5d9f09571dd108764e26e7e51bf2dbde?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"The Future of Commerce","logo":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","width":172,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2018\/03\/thumbnail-ec94fb6a37dc810cfec5d41e301b45e2.jpeg","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2018\/03\/thumbnail-ec94fb6a37dc810cfec5d41e301b45e2.jpeg","height":375,"width":1200},"url":"https:\/\/www.the-future-of-commerce.com\/2018\/03\/07\/digital-energy-network-transforming-the-utility-industry\/","about":["B2C Commerce",{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/","name":"Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Commerce","http:\/\/www.wikidata.org\/entity\/Q26643"]},{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/intelligent-enterprise\/","name":"Intelligent Enterprise","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Intelligent_enterprise","http:\/\/www.wikidata.org\/entity\/Q6044119"]}],"wordCount":464,"keywords":["Future City","Power Market","Utilities"],"articleBody":"You push the screen of your phone or flip a switch, and the lights in your home turn on; gas is delivered as your stove lights up or furnace kicks on; water courses through the pipes as you run your shower.There isn’t much thinking about the processes in the utility industry that seamlessly deliver these products and services.What\u2019s there to change when it comes to the utility industry?Actually, almost\u00a0everything\u00a0changing!No way, McFly: We now have more mobile devices than peopleImagine me telling you in the mid-90\u2019s that you would be buying your groceries via a website and having them delivered to your home within hours, or that you’d be paying for items at the store with your mobile phone – the thing that replaced your Walkman (remember those?), your camera, your computer, your calendar, your rolodex, and so much more. You might have called me crazy, or worse.Today there are more mobile devices in the world than people, with an estimated 8.6 billion devices versus 7.3 billion people. With an estimated 5.8 billion mobile users worldwide, that means almost\u00a080% of the planet\u2019s population are mobile, and they have an average of 1.5 devices each.\u00a0Technology is digitally connecting the population, bringing new competition, improving efficiencies, and changing the way we do everything.Now that\u2019s digital transformation!Digital energy network: Planning for clean, dependable, affordable electricityThe global population is projected to be ten billion people by 2050. Experts believe the demand for electricity, natural gas, and water will double or triple while vehicles and mass transit go electric. Though the future isn’t easily predictible, one thing is clear \u2013 the digital economy needs clean, dependable, and affordable utilities.The digital energy network combines facets of power generation, transmission, distribution, and retail that embrace new business models and processes, and transforms work in a competitive and collaborative digital economy.The utility industry is currently balancing the efficient operations of its existing infrastructure with the need to adapt to the volatile market environment. Leading utilities are re-evaluating their physical assets and customer relationships in order to meet the needs of a omnichannel, digitally driven world.Reimagining\u00a0the concept of the digital utility is crucial, and organizations continue to shape the digital energy network\u00a0that complements the power supply system. Utilities, consumers, and non-utility players must harness digital innovation in order to anticipate real-time demand and supply, operate self-healing grids, and innovate the customer experience. When you consider new laws surrounding data collection, storage, and exchange, the need to operate as an omnichannel provider, and cloud innovations, you can see both opportunities and challenges.The utility industry, like every other industry, must act now in order to survive in the future.  Ready to become an intelligent enterprise?Get started\u00a0HERE."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2018","item":"https:\/\/www.the-future-of-commerce.com\/2018\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"03","item":"https:\/\/www.the-future-of-commerce.com\/2018\/\/03\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"07","item":"https:\/\/www.the-future-of-commerce.com\/2018\/\/03\/\/07\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Digital energy network: Helping the utility industry reach new heights in a digital world","item":"https:\/\/www.the-future-of-commerce.com\/2018\/03\/07\/digital-energy-network-transforming-the-utility-industry\/#breadcrumbitem"}]}]