The Utility industry along with the energy sector forms the backbone of modern day societies and economies. These are testing times for the Utilities worldwide and never before in the history has the industry been faced with so many challenges at the same time. Increasing supply constraints and environmental awareness can be found at the root of almost all these problems thus forcing the companies to reinvent the way the business should be run. The industry has been experiencing deregulation and privatization globally and there is a renewed interest in operational efficiency through asset and resource optimization. With the current state of regulatory environment and the unbundling in progress, the innovation involving business processes is going to decide the frontrunners in the industry.
Additionally, consolidation, deregulation, new technologies, competitive pressures and new customer service demands affect the Energy & Utilities industry on a daily basis. To maintain leadership, major Energy & Utility companies must differentiate themselves by proactively exceeding customer demands and lowering operational costs, while increasing customer satisfaction and shareholder value.
The spate of Mergers & Acquisitions is also leading to a consolidation of IT resources and a strong trend towards outsourcing in an attempt to lower costs and optimize application portfolios.
Some of the strategic levers to ensure long-term growth and profitability are:
- Advantaged assets through Enterprise Asset Management
- E-enabled operations through E-Business
- Enhancing organizational efficiencies through ERP and KM implementations
- Focusing on core competencies through Business Process Outsourcing (BPO)
The Energy and Utilities corporations worldwide are looking at the IT once again, to help them sail through these turbulent times.
We at Mindlance’s Energy and Utilities practice completely understand the nature and the pain points of this industry. And, we along with our industry partners are determined to provide best of the breed IT enabled industry targeted solutions leveraging our deep understanding of industry knowledge and engineering competencies.
Our Energy and Utilities practice ensures that we deliver the best solutions utilizing our wide range of service offerings. Our broad spectrum of Energy and Utilities Solutions is helping companies in this industry compete, win and grow in a constantly changing economy.
Mindlance’s Energy and Utilities practice broadly caters the need of Electric Utilities, Water Utilities and Waste & Recycling Utilities companies by offerings customized solutions in areas like Enterprise IT, customer service, Revenue Management and Supply Chain. We provide IT consulting, solutions and services to numerous leading energy companies, utility providers and independent software vendors (ISVs) serving the industry.
Mindlance's Energy and Utilities Solutions are customized to address the unique business requirements of the industry. We offer industry knowledge and proven domain expertise in key Energy & Utility areas including field services, customer information system/CRM, work force management, outage management, billing and tariff management, data acquisition, usage measurement, account management and metering system solutions. We leverage our functional expertise to deliver efficient Energy and Utilities solutions.
We enjoy strong relationships with large utilities and product companies that provide business critical solutions to utility companies worldwide. For example, one of the largest utility companies in the US is our significant client. Our domain expertise has made several large global utility majors choose Mindlance as a preferred vendor, supporting critical applications.
Leveraging its deep understanding of industry knowledge and engineering competencies, Mindlance’s Energy and Utilities practice along with its industry partners provides IT enabled solutions to customers.