The future’s so bright, you’re gonna need some shades.The utility industry is changing, and at an ever-increasing speed. New trends and new advances are making the industry more exciting than ever before, especially in the world of customer communication. 

The Internet of Things

Advances in the Internet of Things (IoT) have opened up a ton of opportunities in the utility industry—especially when it comes to smart meters. The data that used to be gathered once a month can now be gathered every few minutes, and it is far more accurate thanks to the IoT. This means that utility companies can get better at predicting demand, which helps them avoid huge spikes or drops in supply that can cause huge price swings for their customers. Other industries will also see these benefits as they learn how to use this data to optimize their production processes, which lowers costs for everyone else.

Renewables

In terms of energy sources, renewables are starting to take over the market. In 2019, renewables accounted for 72% of all new energy generation added worldwide (according to the International Energy Agency). This is due in large part to their relatively low cost—which is expected to continue falling for years.

There are also technological advances being made in the transport sector, where we are seeing more electric cars on the road each year as well as advancements like hydrogen fuel cells and biofuels that

Over the next few years, the utility industry is going to change significantly—and we’re not just talking about the advent of solar power.

According to a recent study by Deloitte, the global demand for utility services is going to increase in the coming years. That translates directly into opportunity for companies in this field.

But it’s not just about rising tides. The nature of the demand itself will change: customers will increasingly expect to have their energy needs met using environmentally friendly methods and materials. This will open up avenues for those who innovate in that area, giving them a competitive edge over those who don’t invest in this trend.

As renewable energy sources like wind and solar become less expensive, it will become more profitable for many utilities to invest in these technologies. However, the transition from traditional sources like coal and natural gas will take time; it’s still important for utilities to maintain a diverse portfolio that includes various types of technology.

Communication Capabilities

Another big change is happening in the way utilities are able to communicate with customers. In the past, utilities could only communicate with customers through monthly bills or occasional newsletters, but now there are new ways for utilities to keep in touch with customers. It’s likely that you’ll see more utilities experimenting with social media and other online communication channels in order to offer their customers a better experience.

It’s also increasingly important to give customers the opportunity to choose how they’d like to be communicated with. Personalization is a huge sticking point for consumers, with 90% of them finding marketing personalization very or somewhat appealing.

While change can be frightening for some, there’s no need to feel apprehensive. Improving the quality of all aspects of the utility sector will only bring good things.

If you want to learn how you can work toward a more connected customer communication system, get in touch with us today.

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Shabbir Gilani CRO Tilli SoftwareShabbir Gilani

Chief Revenue Officer

Shabbir Gilani, Chief Revenue Officer, holds an extensive experience of 25 years in leadership, system implementation, and business development across different industry verticals. He personifies a strong combination of technology and human essence to palpate customer challenges that ensures organization-wide solution implementations on time, every time. His expertise in identifying the customer communication challenges and implementing a tailor-made apt solution can transform the digital journey of any business.

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Shahid Husain

Chief Operating Officer

A seasoned technologist with 20+ years of strategic ERP proficiency driving excellence in tech landscapes, ranging from full life cycle software development, operations, and management to organizational change and IT strategy. From solution architecture to project mastery, his in-depth knowledge amplifies our ventures, ensuring optimal client engagement and enriched service offerings. He has extensive expertise in building, developing, and leading high-performing and distributed global teams across consulting and products. Follow Shahid Husain at 

Raja Gopal Vemuri

Chief Technology Officer

Besides being the chief technology architect of Tilli’s product line and playing an instrumental role in the success of the company, Raja brings 30 years of rich technology experience, solving business problems across diverse industries ranging from pharmaceuticals, leasing, utilities, and public sector. With core experience spanning across all market leading technologies, his time has been well spent deploying over 40 SAP implementations globally.

Ali Saberi CEO Tilli Software Ali Saberi

Founder and Chief Executive Officer

Ali Saberi, is a technology maestro with an entrepreneurial spirit who founded Tilli and revolutionized the digital transformation journey of a number of utility businesses in the US. He carries over 25 years of experience in SAP management consulting with core focus on SAP IS-U/CCS and IS-PS project implementations, while working simultaneously in global digital payments and customer communication space. His relentless efforts have empowered businesses to bring the “Aha Payment Experience” and delight their customers.

 

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