What defines digital transformation in the utility industry?
Is it about migrating to the cloud, delivering digital customer experiences, automating field operations, or incorporating AI into their vocabulary?
While these are all crucial elements, these factors in isolation do not define true ‘transformation.’
Modern utilities need to embrace synergies driven by modern technologies across all aspects of their value chain to drive connected experiences – removing silos and driving transformation at scale -the next big step in reshaping the fabric of the utility ecosystem.
But how? Transitioning from a siloed approach to an AI-powered connected business experience!
AI-powered platforms enable impactful experiences and have the power to create an integrated ecosystem that facilitates seamless data flow between different departments and systems, eliminating inefficiencies, redundancies, and silos. For Instance: an AI-powered connected ecosystem will enable swift addressing of a request raised by a concerned customer via automated dispatching of a workforce agent or providing next-best recommendations.
Connected business experience emerges as the next big innovation for utilities. In today's digitally driven landscape, customers expect personalized, frictionless interactions across all touchpoints. By offering a connected experience, utilities can meet these evolving customer expectations while also optimizing internal operations. Connected business experience facilitates real-time communication and collaboration among customers, workforce, and service agents, leading to enhanced service delivery, greater operational efficiency, and improved customer satisfaction.
To address the urgency of delivering the modern-day experience in this volatile age, let us explore some critical emerging strategies utilities need to implement – for their customers, workforce, and service agents – for integrated business experience. As a keen contributor to the industry, I believe these strategies, based on my experience, will be key for utilities to truly become forward-thinking and customer-centric:
The utility industry is moving toward a hyper-VUCA-driven world, and adopting agile business practices has become vital to make the next leap toward development. By establishing connected business experiences, utilities can operate and serve their customers under a streamlined flow – leveraging end-to-end digital connectivity and experiences. With the current standards of operations and the state of technology, leveraging these strategies allows utilities to create a holistic business experience for all their stakeholders. And drive towards the goal of seamless interaction with its workforce and customers.
SEW's SmartBX Platform provides a fully integrated solution that simplifies utility business operations. Tailored specifically for the Energy and Utilities vertical, the SmartBX (Business Experience) Platform is the all-in-one answer to the challenges utilities face in today's dynamic landscape.
This vertical-focused platform serves a multitude of essential functions, seamlessly integrating Customer Service, Finance, Service Management, Marketing/Campaigns, Customer Outreach, and Operational Services (including Outage Management, Demand Response, Energy Efficiency, Program Management, and more) within a single, cohesive platform.
At its core, SEW's Platform is all about creating a connected ecosystem. It bridges the gap between customer service, assets, and field workforce management, ensuring a smooth flow of information and collaboration. It is the definitive solution for utilities seeking to streamline operations, enhance customer service, and stay ahead of the curve.