How can IT teams at utility companies meet the demands of the Experience Economy? Find out how you can simplify operations in this new world of connectivity.
Jan 5th, 2023
How are utility companies striving to meet new customer expectations? It's all about Utility 2.0, or for those of us in the IT industry - digital transformation and connectivity.
A few weeks ago I received emails from my electric, gas, and Internet service providers telling me that we were about to get a really nasty cold front (-25 F with windchill) and that I might lose power, heat, and Internet. On top of that, they all noted that I should be making emergency kits and what I should pack in those emergency kits should any of the above happen. I'll admit I was surprised and delighted to receive these kinds of emails.
This is the idea behind Utility 2.0, putting the customer first, and it makes a lot of sense in this current iteration of the Experience Economy. Utility 2.0 has been around for quite a few years (dating back to 2013 or 2014), but we're just now starting to see the results of moving from a business model of raising prices and encouraging more energy usage to a model of actually encouraging savings on energy and providing things like home energy audits and other services to tech savvy and price conscious customers.
Going even beyond home audits to make suggestions on energy savings, utility companies are providing products and services, creating new revenue streams for the industry. Such products and services may include:
In fact, in New York we're seeing programs like the Energy Efficiency, Beneficial Electrification, & Demand Response Plan which proposed a budget of $93.15 million in 2022 to achieve these product and service proposals.
In short, this is all about technology and connectivity. It would be completely inefficient to hire people to do all of these assessments manually as well as build in new efficient processes to create energy savings sustainably. So again, the onus comes back to IT to manage this kind of digital transformation with the few resources currently on IT teams.
In order to achieve Utility 2.0, then, we have to give utility IT providers the solutions they need, such as:
How do they go about implementing, tracking, and managing all of these solutions, though?
Some people call it Digital Transformation, others call it multicloud, the new term is Super Cloud. No matter what you call it, though, the main driver behind all of these buzzword architectures is providing a better operational experience (for IT) which then begets a better external customer experience.
IT teams at utility companies are in a more difficult place when compared to other industries like Retail or Media - even Finance or Health Care these days. The pressure is on to modernize systems at Utility companies, but in some cases there's no way to accomplish this without integrating required legacy systems, at least at this time.
Therefore, we have to be able to abstract and centralize our network management system(s) so that we have full visibility, observability, and control no matter if a device is in the cloud, on-premises, or an IoT device on a meter or other legacy device at someone's house 20 minutes away.
DNS, DHCP, and IP are often referred to as "common services" because literally every single person who is connected to a network is using likely all three of these protocols. If DNS goes down or becomes inaccessible for some reason, your entire service or site will be down. If DHCP stops working, your users can't connect. If you don't have some idea where your devices are and what your IP schema looks like for your entire environment then troubleshooting becomes nearly impossible.
Micetro is an overlay DDI solution that let's you manage your entire environment from one place, through the GUI or through the API. We reduce that technical debt paralysis and integrate with everyone, because we believe in making solutions sustainable. So while we extend the life of legacy services, we also make it easy to migrate to new services while continuing to work from the same management app.
If you're interested in seeing how Micetro can help you achieve your Utility 2.0 goals, check it out for yourself! We're confident that you'll enjoy how intuitive and how easy it is to use Micetro. As Daniel Döring said in our case study with the HBPO Group:
Sign up for the Free Trial any time and then watch our YouTube Deployment video playlist to get started!