The utility industry continues to experience significant change and is primed for further transformation. Changing customer demands, progressive regulation, rapid technology advancement, and non-traditional capital sourcing are creating a new environment to which utilities must adapt. The industry must transform its operating models, business processes, enabling technologies, and infrastructure to manage the increasingly complex landscape of modern energy delivery.
Furthermore, federal and state regulators are increasingly focused on ensuring implementation of leading enterprise asset management (EAM) practices. This expansion is occurring because, historically, the distribution network has operated in a “run until failure” model due to the cost of monitoring relative to the cost of the assets. This approach is no longer viable as the industry focus shifts towards customer choice, security, and resiliency.
Utilities are responding to this changing environment by realigning EAM operating models, and transforming the processes, technology platforms, organizations, and culture that support them.
We are distributing marketing materials to share with client account teams in this space, to identify client triggers and opportunities. The attached materials provide for more information on how we can help your clients and account teams address challenges in the EAM space.
The Business Value Realization brochure provides a call to action for those undergoing large transformational projects to invest in assuring that their business outcomes are protected and realized. Further, it discusses the key aspects of a business value realization program and how it can help to ensure project and business success.
Our Enterprise Asset Management overview brochure discusses the future-state of business EAM functions and offers insight for how they will evolve based on numerous regulatory and technology indicators in the market. This brochure also provides an overview of our services in this space, and a description of client triggers and issues.