Digital Technologies Propel Utilities to Transform Workforce

Utilities are bracing for a digital revolution, though according to a recent report most executives in the sector agree that their businesses are not prepared for it.

In the Digital Transformation and the Workforce Survey commissioned by EY Power & Utilities, nearly 90% of executives report having too few digitally savvy workers is frustrating their ability to adopt digital technologies. Not only is the problem of an insufficient workforce staring them in the face, by most of the respondents surveyed are lacking a plan on how to proceed. With near-universal agreement (94%) on the need for direct investment in technology and the workforce, utilities are soon to be left scrambling for solutions. The transformation of the power industry will be based on technology, but it will be driven by people.

Vadim LantukhJuly 25, 2021rate regulated utilities, rate-regulated, utilities, utility industry, digital revolution, electric, gas, water, renewables, tax technology, lucasys, lucasys tax, tax depreciation, software, tax software, tax accounting software, tax consulting