The Digital Transformation of Power

December 12, 2018 | State of the Market Report

As digital innovations penetrate the physical industries, they threaten to upend the products, processes, value chains, and customer relationships of incumbents. In the power industry, renewables and distributed generation, alongside other forces, are prompting rapid change on a global scale, and digital transformation is both another change that requires adaptation and a saving grace for the challenges the industry faces. We identify six core outcomes that digital transformation achieves in any application: uncover invisible insights, predict the future, optimize, upskill humans, make information accessible, and automate. Applying these to the power industry, we highlight 10 use cases of digital in power, evaluating their relevance to the energy transition overall.

Coverage Areas

  • Digital Transformation
  • Owning the Energy Transition

Table of Contents

  • Title page
  • Table of Contents
  • Introduction: When Digital Transforms Your Industry
  • The Changing Power Industry
  • What Is Digital Transformation?
  • Applying Digital Use Cases to Solve Power Problems
  • Outlook

Lead Analyst

Katrina Westerhof
Research Director

Contributors

Jonathan Melnick, Ph.D.
Arij van Berkel

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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