It is undeniable that utility companies’ digital transformations have been significantly catalyzed and accelerated by the ongoing pandemic. A recent report from Future of Utilities notes that 94 percent of Utility leaders believe the pandemic has notably accelerated digital transformation timelines. Digital momentum must continue for organisations to remain competitive - the Utility industry can no longer remain stagnant. Utility organisations reliant on outdated legacy systems will struggle to remain afloat in digitally disruptive Industry 4.0. With digital transformation, organisations not only survive – they thrive. Consulting company McKinsey note that introducing digitization can boost profitability by 30% for utilities. Furthermore, 63% of Utility companies are currently undertaking significant digital transformation, with 30% of respondents noting substantial accelerations in investment.
Digital Transformation - Harnessing Potential in Utilities
Integrating mobile technologies allows energy and utility companies to improve operational efficiency, workforce effectiveness, health and safety compliance and service delivery. Technologies such as GeoPal’s IoT offering allows organisations to predict which assets are likely to fail, sending a work order to the engineer’s mobile device to intervene before a costly emergency occurs.
Implementing digital transformation in your organisation is easier than it may seem. Common organizational challenges are solved through the use of flexible mobile workflow forms. There is no software coding required – GeoPal provides an easy-to-use online tool for creating mobile forms using a simple drag and drop interface.
Unlock the following six benefits with GeoPal:
- Increase Field Worker utilisation rates by 20% with productivity reports
- Reduce office administration costs by 50% by eliminating paper
- Increase profitability by 25% through daily cost performance reports.
- Reduce invoicing times from 30 days to 3 days with real time progress reports.
- Increase client satisfaction by 60% with same-day project reports.
- Reduce insurance claims by 75% with enforced health & safety.