FRAMINGHAM, Mass.--(BUSINESS WIRE)--IDC Energy Insights today hosted the IDC FutureScape: Worldwide Utilities 2015 Predictions Web conference, which highlighted predictions from a new IDC FutureScape report. The Predictions Web conference series and accompanying IDC FutureScape reports are designed to help company leaders capitalize on emerging market opportunities and plan for future growth. An audio replay of today's Web conference will be available this afternoon. To access the replay, please visit: http://bit.ly/IDCUtilitiesFutureScape2015.
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The predictions from the IDC FutureScape for Utilities are:
1. With value pools in more mature markets shifting away from generation, utility CEOs will derive at least 40% of their companies' EBIT from new business models by 2017.
2. In 2015, unable to invest in legacy systems replacement, utilities will invest 27% of IT budgets on hybrid/composite solutions to patch in capabilities for growth and innovation.
3. By 2018, 80% of utilities will still not have a chief digital officer to orchestrate digital transformation and the convergence of operational and consumer technologies with IT.
4. By 2017, 45% of utilities' new investment in analytics will be used in operations and maintenance of plant and network infrastructure.
5. By 2018, 45% of new data traffic in utilities' control systems will originate from networked, non-utility owned DER (distributed energy resources).
6. In 2015, 60% of energy retailers will still fall short of implementing omni-channel capabilities, thus missing out on meeting expectations for an effortless customer experience.
7. Cognitive systems will penetrate utilities' customer operations increasing speed of action and reducing cost to serve by 10% in 2018.
8. Of the top three priority actions, 60% of utilities will focus on transitioning enterprise mobility to the next generation in 2015, capitalizing on the consumer mobility wave.
9. By 2018, cloud services will make up half of the IT portfolio for over 60% of utilities as these companies seek to reduce costs.
10. By 2015, 45% of utilities will find that the overwhelming focus on compliance has compromised their security efforts and strategy.
"Over the last few years, energy demand has been largely redistributed globally, shifting considerably toward emerging economies," said Roberta Bigliani, Associate Vice President and head of EMEA, IDC Energy Insights. "In more mature economies the future outlook for utilities appears challenging and full of uncertainties. However, it will present opportunities for those agile and capable enough to adapt to variable environments to quickly deploy or collaborate with others and implement solutions that may fall outside the traditional scope of a utility. Utilities that succeed in this energy transition will have innovation, speed, and flexibility in their DNA."
The IDC FutureScape report that this Web conference is based on will be published and available within the next 24 hours. To learn more about IDC Predictions and IDC FutureScapes, please visit: www.idc.com/research/Predictions15.
For additional information about these predictions or to arrange a one-on-one briefing, please contact Sarah Murray at 781-378-2674 or sarah@attunecommunications.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarah@attunecommunications.com.
About IDC Predictions
A hallmark of IDC's offering for three
decades, the annual Top 10 Predictions reports provide our outlook on
the IT market, across industries, in the coming year. During the next 90
days, IDC will publish Top 10 Predictions documents for 2015. Please
visit www.idc.com/research/Predictions15
for a complete listing.
About IDC FutureScape
IDC FutureScape reports are used to
shape IT strategy and planning for the enterprise by providing a basic
framework for evaluating IT initiatives in terms of their value to
business strategy now and in the foreseeable future. IDC's FutureScapes
are comprised of a set of decision imperatives designed to identify a
range of pending issues that CIOs and senior technology professionals
will confront within the typical three-year business planning cycle.
About IDC Energy Insights
IDC Energy Insights assists energy
businesses and IT leaders, as well as the suppliers who serve them, in
making more effective technology decisions by providing accurate,
timely, and insightful fact-based research and consulting services.
Staffed by senior analysts with decades of industry experience, our
global research analyzes and advises on business and technology issues
facing the utility and oil and gas industries. International Data
Corporation (IDC)
is the premier global provider of market intelligence, advisory
services, and events for the information technology market. IDC is a
subsidiary of IDG,
the world’s leading technology, media, research, and events company. For
more information, please visit www.idc.com/energy,
email info@idc-ei.com, or call
508-935-4400. Visit the IDC Energy Insights Community at http://idc-community.com/energy.
