Innovative Business Models Emerging from Digitalization in Generators, Global, 2020

Innovative Business Models Emerging from Digitalization in Generators, Global, 2020

Investment in digital technologies is booming across all industries, including power generation. This research aims to identify the generators industry’s current use and future decision-making trends toward digital transformation. A recent Frost & Sullivan study found that 99% of businesses are at a particular digital transformation stage. Technologies such as data accessibility and gathering, remote monitoring, and predictive maintenance are digital transformation examples impacting the generators industry. This report tracks the industry’s transformation and seeks to identify future opportunities to use digital technologies further. Frost & Sullivan is confident that digital solutions offer great promise for new business models, expanded access, improved outcomes and efficiency, and, ultimately, more significant value to all stakeholders.

The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.

RESEARCH SCOPE

Understand the IT challenges generator manufacturers face today
Monitor digital transformation status in the generators market
Assess the current and future use of digital technologies
Evaluate factors that drive investments in digitalization
Gauge digitalization trends
One of the largest challenges in the generators industry is the continual need to provide customized solutions, sales, and services. With the power to improve the customer experience, the new technology adoption trend feeds directly into this pain point.

RESEARCH BENEFITS

Identify key business objectives and challenges in this industry
Discover growth opportunities to address the objectives and challenges; find technologies proven to reduce costs and generate revenue
Benchmark with the competition and other industry leaders
Learn new ways to improve the customer experience
Facilitate the digital transformation journey
The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.


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