Blog Series – Part 1: Understanding Blockchain in Utilities

Blog Series – Part 1: Understanding Blockchain in Utilities

Most have heard of Bitcoin – the cryptocurrency currently rising in popularity and stock, and a hot topic of conversation. Bitcoin was created in 2008 as the world’s first decentralized digital currency by Satoshi Nakamoto. Bitcoin is the poster child for blockchain technology, but its rise to stardom raises questions regarding its role in various industries outside of banking and...

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Coffee & Change, Episode 10: Discussing Change in the Power Industry with Interim CEO of NERC

Coffee & Change, Episode 10: Discussing Change in the Power Industry with Interim CEO of NERC

As utilities prepare for an uncertain future, WMP is helping our clients navigate the road to digital transformation, which comes with a lot of organizational change. Our OCM expert, Bill Kirst, talks with Charles Berardesco, the Interim CEO of North American Electric Reliability Corporation (NERC) to discuss the changes that are occurring in the power industry and the ever emerging and...

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DistribuTECH 2018: All Roads Lead to Digital in Preparing Utilities for an Uncertain Future

DistribuTECH 2018: All Roads Lead to Digital in Preparing Utilities for an Uncertain Future

Last week at DistribuTECH 2018 in San Antonio, TX, energy professionals from all over shared ideas and perspectives on the future of the industry with one clear conclusion: our energy future remains uncertain, but “digital” will be a major driver in addressing this uncertainty. Multiple speakers echoed the theme that changes in technology, customer expectations, legislation, new...

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Three Utility Systems Integration Tips & Tricks

Three Utility Systems Integration Tips & Tricks

Does data have your head spinning? Here are a few tips and tricks for successful systems integration in the Utilities sector. As the West Monroe team gears up to attend DistribuTech this week (Booth #2761), we expect there to be plenty of buzz around enterprise data analytics solutions. Through enterprise data analytics initiatives, value is driven at the data intersections across...

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Cybersecurity in the Age of Digital Transformation

Cybersecurity in the Age of Digital Transformation

Customer experience (CX) in the utility industry is undergoing dramatic change. Customers want more access to information, more choices to access information (such as mobile and social media) and enhanced ability to manage costs. To meet this need, utility companies are striving to engage their customers using data analytics, monitoring and control in the modern ecosystem of Internet of Things...

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Business Relationship Management: BRM as a Role

Business Relationship Management: BRM as a Role

BRM as a Role While each utility has different needs and means, building an analytics Center of Excellence (CoE) can start with a small team. This team can tackle the “what if”, “it would be nice if”, and “what we really need”. This is the third and final piece of a three-part blog series explaining how the Business Relationship Management (BRM) framework provides value when executed as...

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How to Build an Analytics Center of Excellence to Tackle Utility Problems

How to Build an Analytics Center of Excellence to Tackle Utility Problems

We recently attended the annual gathering of utility practitioners at Utility Analytics Week in San Antonio. A common theme discussed was “how do we get started?”, “where do we start?”, and “how do we justify the cost?”. Electric utilities are becoming increasingly digitally-oriented and data intensive with the adoption of AMI meters, deployment of SCADA systems across the grid, and...

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Business Relationship Management: BRM as a Discipline

Business Relationship Management: BRM as a Discipline

BRM as a Discipline  This is the second of a three-part blog series explaining how Business Relationship Management (BRM) framework provides value as a discipline. As a discipline, the BRM framework embodies a set of competencies (i.e. knowledge, skills, behaviors) to foster productive, value producing relationships between an IT organization and the Business units they serve.…

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Blog Series – Part 3: DOE’s Grid Resiliency Pricing Rule

Blog Series – Part 3: DOE’s Grid Resiliency Pricing Rule

Identifying Alternative Solutions for Grid Resiliency  In this third blog in a series examining the Department of Energy (DOE)’s Notice of Proposed Rulemaking (NOPR), we will look at other market solutions to enhance grid resiliency. The NOPR argues electric generation resources with an abundant (specifically 90-day) fuel supply on-site are undervalued in terms of their value to the grid.…

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Business Relationship Management: A Discipline or Role?

Business Relationship Management: A Discipline or Role?

A Discipline or Role? This is the first of a three-part blog series explaining how Business Relationship Management (BRM) can be used as both a discipline and an enabler of digital transformation. To level set, digital transformation is the application of digital capabilities to processes, products, and assets to improve efficiency, enhance customer value, manage risk, and uncover new...

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Chicago, IL 60606
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