Building the Smart Region: an opportunity for electric utility companies

Posted on Leave a commentPosted in Business Models, Digital Transformation, Innovation Management, Internet of Things, IoT, Smart City, Smart Communities, Strategy

While smart cities represent a major business opportunity for utility companies, they are better suited to co-lead the building of the “smart region”. Utility companies have the regional focus, infrastructure, resources, operational and execution capabilities to support the largest metropolitan areas to the smaller cities and regions.

This article discusses some entry level smart region opportunities for utility companies, as well as some of the key gaps they must address.