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.