The growth of the utilities industry looks strong. This is primarily because of population growth, rapid urbanization, increasing electrification, and the rising adoption of electric mobility. However, mounting environmental concerns, huge investment requirements, and stringent regulations have been key challenges. Therefore, utilities companies aim to diversify their energy portfolio and digitally transform their operations to improve process efficiency.
This report assesses profiles of the 29 service providers and HCLTech have been positioned as a Leader in the Avasant Utilities Digital Services 2022–2023 RadarView.
As per the analyst, “The digital transformation of utilities is crucial to address the complexities of managing distributed energy sources, enhancing grid flexibility, and improving customer service. Navigating the changing regulatory landscape while maintaining critical infrastructure security, resilience, and reliability is challenging.
HCLTech delivers large-scale transformational projects by leveraging its robust proprietary solutions and service offerings. Its IoT and locational intelligence systems, combined with its AI and analytics capabilities, offer real-time insights for enabling predictive maintenance of grids and assets. It has built a strong partner ecosystem with industry players and technology firms to expand into smart cities, virtual substations, and edge computing. Further, it is co-innovating with global utilities and energy startups to develop new use cases for the renewable energy and energy storage sectors.
Its expertise in customer service, smart grids, and asset management, accompanied by strategic partnerships with industry consortiums and specialized firms, has placed HCLTech as a leader in Avasant’s Utilities Digital Services 2022–2023 RadarView.”
Disclaimer : Avasant does not endorse any provider, product, or service depicted in its research publications, including RadarView, and does not advise users to select only those providers recognized in these publications. Avasant’s research publications are based on information from the best available sources and Avasant’s opinion at the time of publication, and their contents should not be construed as statements of fact. Avasant disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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