Navigant Research provides key insights for utilities looking to embrace innovation in a new Oracle-commissioned white paper
Today’s utilities are up against a variety of new technologies, new competition, and new regulations, as well as the need to improve efficiency and branch out to new business processes and models. While most utilities understand the need to transform, many find themselves ill-prepared to put the innovation process in motion.
To help utilities navigate the right path forward, Oracle commissioned Navigant Research to develop the Utility Innovation Blueprint. This white paper provides practical advice for utilities developing their own innovation initiatives, and is based on insights gained from in-depth interviews with 16 utility executives situated globally. Additionally, the paper leverages key findings from Navigant’s recent State & Future of the Power Industry report.
The best approach toward transformation, according to the white paper, sees utilities adopting a set of processes that will optimize the success of innovation projects, understand which technologies will enable innovation, and create a culture in which innovation can flourish.
To optimize success and the incorporation of innovation into everyday operations, according to Navigant Research, it is important to adopt a dual approach to innovation, which differentiates between projects that improve existing business processes and those that create new products and services.
Download this free white paper for key information on: