Where Utilities Should Focus in 2024: Decarbonization and Cost Takeout
Looking ahead to 2024, we see a return to normalcy for utility leadership. One big exception here is the wildcard of generative AI.
With 2022 behind us, the early months of 2023 are seeing a continuation of increasing energy prices and persistent inflation. The energy transition has been placed in “high gear” by public sector funding and supply chain pressures have continued. CIOs are under pressure to adapt and change as never before.
Metals & Mining industry have experienced headwinds due to higher energy costs around the world along with their customers destocking inventories due to economic concerns. Despite the economic concerns, we are seeing continued investments in digital transformations, data analytics and enhanced hyperscaler/cloud computing initiatives. Operational efficiency will be among the focus areas which will influence the need for OT solutions.
Fill text here on challenges of metals and mining companies and what ISG does to help, plus any unique differentiators.