Top 10 Utilities Tech Consulting/Service Companies - 2020
Today, as the regulatory environment is propelling the utility sector toward greater transparency, increased efficiency and the adoption of smart grid technology, many organizations are trying to strike a balance between profitability and customer experience enhancement. As balance sheet pressures rise from both cost and revenue perspectives, utilities are seeking alternative strategies to improve their bottom lines.
Outsourcing is the best option for these companies, which helps them to meet financial targets by achieving operational excellence. This is the result of streamlined processes, modernized infrastructure, and a rationalized back-office. Outsourcing helps them to reduce operating costs, focus managerial attention on business aspects that drive competitive differentiation, and access skills and resources that are not present in their organizations.
In short, outsourcing will deliver the same or better services at a lower cost, thus reducing demands on the utility's capital budget. Outsourcing benefits include restoring consistent growth, improving service levels and quality, and increased profitability for investors. There is now an increasing willingness among utilities to align their outsourcing strategies to achieve the objectives set out above. They re-evaluate their core competencies and existing outsourcing partnerships not only for quality, but also for the overall value provided by the partnership.
We at CIOReview, have assessed and shortlisted some of the most prominent organizations in the industry and hereby present to you the "10 Most Promising Utilities Tech Consulting/Service Companies - 2020."