UTILITIES

With scarce natural energy resources, companies have been forced to look to acquisitions for growth, bringing with them significant business integration challenges. The dual demands of a competitive market and a highly regulated industry rely on Information Technology as a strategic imperative.

Oftentimes, field workers in the Energy/Utilities sector have to do their jobs in environments that are inhospitable to normal IT solutions.

The E&U business is rapidly increasing IT spending because of:

  • Economic pressures catalyzed by myriad regulatory and competitive forces
  • Awakening of a mature industry toward operational efficiency and customer-oriented services
  • Renaissance of the customer’ in an unprecedented inversion of priorities
  • Competitive advantage now depends on an IT strategy

An upward shift in IT spending will approach a new high-water mark of up to 20% of annual budgets, compared to an average of 3% in the previous decade. This in turn will create vital opportunities centered on line-of-business capital IT systems and consulting.

Industry challenges including increasing fixed capital cost of infrastructure and labor costs, will force the E&U sector to turn to IT as a strategic tool for change and efficiency. Key market drivers are forcing change within the sector as utilities realize they must rely on enhanced IT strategies to obtain competitive advantage.

Peritus solutions are powering some of the most innovative areas in the energy sector today, maximizing the impact of every IT dollar spent.