ISG to Publish Reports on Power and Utilities Industry

Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched research studies examining providers of services and software platforms to the global power and utilities industry, which is adopting new technologies in response to rising demand for renewable energy and other widespread changes in its business environment and operations.

The study results on power and utilities services will be published in a comprehensive ISG Provider Lens report, called Power and Utilities Industry — Services and Solutions 2023, scheduled to be released in June. The report will cover companies offering services for business process management, grid modernization, asset management and customer experience. At the same time, ISG Provider Lens will publish the Power and Utilities Industry — Software and Platforms 2023 report, covering providers of enterprise asset management software.

Enterprise buyers will be able to use information from the reports to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.

Power and utility companies face growing pressures to improve resiliency and reliability, comply with new regulations, change their mix of energy sources and respond to geopolitical disruptions. Demand for renewable energy is soaring, while the growing prevalence of extreme weather events is challenging utilities’ ability to reliably deliver services. Increasingly, the industry is turning to providers of services and software for help in adapting to new requirements, improving customer experience and developing new business models. Efficiency, security, innovation and asset management are among the industry’s growing needs.

“New technology is essential for the power and utility industry to adapt to the unprecedented changes taking place today,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Leading software and services providers empower clients to strengthen their capabilities with a minimum of technical debt.”

For the Power and Utilities Industry — Services and Solutions study, ISG has distributed surveys to approximately 100 power and utilities service providers. Working in collaboration with ISG’s global advisors, the research team will produce five quadrants representing the services and solutions the typical energy and utilities enterprise is buying, based on ISG’s experience working with its clients. The five quadrants are: