The mission of this group is to bring together utility professionals in the power industry who are in the thick of the digital utility transformation. 


Optimism Reigns as the New Normal Takes Shape

Paul Korzeniowski's picture
B2B Content producer, Self-employed

Paul is a seasoned (basically old) freelance B2B content producer. Through the years, he has written more than 10,000 items (blogs, news stories, white papers, case studies, press releases and...

  • Member since 2011
  • 1,593 items added with 565,179 views
  • May 21, 2021

The pandemic wrought unprecedented change to utility corporate planning. In the span of a few days, energy company executives had to rewrite business plans and prepare for a new world with social distancing. As the pandemic wanes, most managers (60%) expect an economic boom rather than further stagnation and continued adoption of digital technology has the potential to smooth out any friction utilities encounter as they retool their operations, according to Gartner Inc.

Uncertainty reigned once the pandemic took hold. The past year was a struggle for many markets, including energy, whose 7% revenue drop was the largest since yearly statistics were first collected in 1949.  Now, many executives (35%) expect the business to return to or exceed 2019 revenue.

Utilities Invest in Digital Technology

Executives understand the challenges in making another dramatic transition and are trying to be proactive. New technology is expected to play a significant role in the recovery. Deploying digital capabilities ranked second on CEOs’ top five priority list for the next two years. Digital capabilities was also the only category where CEOs intended to increase their investments in 2021.

The pandemic presented management with unprecedented challenges. Executives learned from the upheaval and are poised to invest significantly in technology as the New Normal takes shape.



No discussions yet. Start a discussion below.

Paul Korzeniowski's picture
Thank Paul for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Get Published - Build a Following

The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »