The IOT Opens Utilities to New Business Models

Five Essential Steps to Move Towards IoT

Utilities know that they must pursue new business models—without delay—in order to respond to changing consumer demands, tougher regulations, competition from non-traditional vendors and other pressures and opportunities. These business models are diverse, but they also share common attributes, such as: moving and adapting faster, getting closer to customers, increasing focus on value-added services, and collaborating more dynamically with a wider range of potential partners.

The Internet of Things (IoT) allows utilities to experiment with new business models at a rapid rate and with relatively minor investments (compared to traditional infrastructure investments costs and timelines).

Download this white paper to learn:

  • the changing needs and attitudes of utility customers, and
  • how IoT plays into new business models for utilities.