Indian Utility Sector Needs Collaboration across Ecosystems

Prominent leaders from the utilities industry discussed the decarbonization roadmap at the Indian Utility Week held in New Delhi. The focus of the discussion was India’s decarbonization journey and transition shaping the sector – be it power sector transitions, investments flowing in renewable and other clean technologies, systems, and market level innovations.?

Anurag Johri , Managing Director and Lead – Utilities, Accenture in India, stressed that industries should not just focus on net zero targets, but also on key performance indicators (KPIs) such as clinker ratio, scrap ratio, and production per million tons of steel. These KPIs are the ones that will drive the day-to-day reduction in Greenhouse Gas (GHG) emissions. Additionally, there are technologies that can cut down GHG by 95% or even 100%; however, they are expensive. And as organizations want higher returns on investments, the industry needs to collaborate across the ecosystem, and the entire value chain, and demonstrate technologies for traceability, carbon footprint labelling, renewable power, and green hydrogen.?

Anurag Johri also moderated the panel ‘Decoding the Future Energy Mix – State of Renewables and Future of Conventional,’ and Accenture’s Akash Mittal moderated the ‘Utility CIO Roundtable: Digital Age Utility of the Future’

Watch the panel discussion .

News & Views

Fail Fast Learn Faster Roadmap to Digital Transformation

Speaking at the Indian Utility Week CEO roundtable, Sandeep Dutta , Managing Director and Lead for Growth and Strategic Client Relationships, Accenture in India, emphasized that the utilities industry will now need to keep technology at its core and invest heavily in creating a digital infrastructure to manage and cater to consumers with evolving preferences. Post the pandemic, digital consumption and digital interactions are at an unprecedented level, and consumers want a better level of digital experience. As responsible utilities, the need for data-driven digital transformation is now critical and equally important. Organizations that can fail fast and learn faster will have a competitive advantage and emerge as leaders. Watch the CEO roundtable

Keeping it Simple for Utilities with Digitalization

At the World Utility Summit, Accenture’s Ketan Shah and Kamal Arora presented a knowledge paper centered on accelerating digital journey of the energy ecosystem and technology innovations that will help utilities identify new opportunities to increase efficiency, reduce costs, and improve customer satisfaction and revenue streams. Anurag Johri from Accenture was also part of the panel discussion on ‘Best Practices in Asset Management’. Access the knowledge paper (Accenture K.P.) here

Green Hydrogen will Drive Energy Transition for India?

Accenture’s Vinod Kumar KJC emphasized the importance of bringing an integrated energy ecosystem to drive the green energy and hydrogen carrier’s ecosystem at the Indian Utility Week’s panel on ‘Green Hydrogen – Empowering India’s Energy Transition & Energy Independence’. He also stressed that auto-based sectors could be key enablers in this area. He further added that it is time to look at the decoupling of power segment and leverage synergies in the sector to create an integrated ecosystem. Watch the panel discussion

Enabling Digitalization and Improving Interoperability for Indian DISCOMs?

Accenture’s Anurag Johri was invited as an industry thought leader to be part of the 2nd Germany-India Smart Grid workshop at the 9th India Smart Utility Summit. At the workshop, discussions focused on enabling digitalization of Indian DISCOMs (distribution companies), integrating information technologies (IT) and operational technologies (OT) systems to derive business benefits, understanding interoperability, and facilitating Advanced Metering Infrastructure (AMI) interoperability in India.?Read more

Prevention Best Cure Against Cyberattacks

With evolving threat landscape and rising cases of cyberattacks, there is a growing concern over cybersecurity in the country. In this scenario, Indian utilities need to strengthen their cybersecurity systems to prevent the threat of cyberattacks in the future. Anurag Johri, believes it is time to invest in cybersecurity as the more digital we become, the more vulnerable we are. Read more

Accenture is ready to help as you begin to re-imagine your business. If you’d like to know more about how we can partner with you in your digital transformation journey, please feel free to contact us. Thank you!

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