The utilities sector has experienced rapid growth due to technological advancements and is expected to continue growing until 2023. However, as the global macroeconomic climate evolves, providing clean, safe, affordable, and consistent power may become increasingly challenging. Industry leaders must be adequately prepared to address these challenges to maintain the sector’s growth. While extreme weather,
The Utility industry in Australia is facing a major problem that is unfolding at a massive scale. It’s a perfect storm of challenges, and this blog will break it all down for you. Here is how vegetation encroachment impacts power lines: For many utilities, vegetation encroachment is a major cause of outages. In some areas,
Headless Commerce has been around for some time, and many of its concepts are not entirely new. Still, in a digital commerce market in which organizations increasingly need to stand out from the competition, deliver exceptional customer experiences, and battle for their share of customer loyalty, market allocation, and brand awareness to maintain revenue, the
‘Tis the season of Black Friday, Cyber Monday, and the pre-Christmas shopping rush. All too soon to be followed by January sales. As an online retailer you’ll be looking forward to the revenue opportunities that this time of year brings: boosts in customer traffic, online sales and product purchases. But this time of year can
The world is on the cusp of an epochal transformation in digital financial services. Open Banking Technology is replete with potential business models as social media were 15 years ago and e-commerce 20 years ago. Open Banking, fuelled by regulatory, technology, and competitive dynamics, brings hyper-relevant data and platform-based distribution networks to the fold of
The Open Platform Banking is set to usher in customer-centric business models and banks’ current product-centric mindset might take a backseat if they don’t act fast. Studies have shown that one in five US consumers find Open Banking valuable with interest much higher among millennials and Gen Z. Allured by the flexibility and transparency, they
Keeping up with emerging trends in e-commerce has become a necessity for business owners and consumers. For business owners, it is important to know and understand the trends to identify opportunities and manage competition and for consumers, it is necessary to know and anticipate what’s out there and what’s to come. The e-commerce industry
The concept of Big Data trends have been around for a while; however, it’s potential is still widely untapped. Big data can be used to describe volumes of data that are large and can be tough to manage. These volumes of data can be structured, semi-structured, or unstructured but are used to dictate the workings
Holistic well-being includes the psychological, social, as well as emotional aspects of your well-being. As per the National Alliance of Mental Illness (NAMI), 40 million adults in America suffer from mental health issues, which is almost one in every five Americans. Physical illness immobilizes your body and restricts your movement. Similarly, mental health issues
Businesses are moving forward towards a better future with the aid of technology. However, it has become more important for tech companies to look beyond purely financial growth to achieve sustainable success by claiming responsibility for the environment. Development in sustainability & technology hand-in-hand poses a unique challenge as our dependency on technology and