IBM Global Services Suggests New Biz Models For Utility Players
A new report released from IGS (2009 VAR500 rank: 1) describes how a business model based on the past "grow-and-build" philosophy should be replaced by new business models that can assist traditional as well as emerging technologies of energy generation, delivery, storage and use. The report, "Switching perspectives: Creating new business models for a changing world of energy," addresses how government is setting new policies to increase efficiency, conservation and renewable energy generation. "It is time to revisit the business models that drove growth and success for the energy and utility industry the past fifty years. The value drivers will look vastly different in the next decade," said Michael Valocchi (pictured), Global Energy and Utilities Leader for IBM Global Business Services. "In this new environment, utility companies that are willing to re-evaluate their fundamental business models will be better positioned to capitalize on the emerging products, technologies and services available to their consumers."