The Process of Digitizing the Utility Industry: Listening to Customers, Overcoming Barriers, Driving Initiatives, and Staying Secure

The Process of Digitizing the Utility Industry: Listening to Customers, Overcoming Barriers, Driving Initiatives, and Staying Secure

Utility representatives and service providers from North America and South America gathered at the UTC Power Grid 4.0 Digitalization Forum on Oct. 16-18 to discuss and debate the changes occurring in the utility industry. Utility executives presented on topics that included the business drivers of digitization, the keys to success on the path to digitization, and considerations on how to...

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4 Trends for Private Equity Operating Partners: Unclean Data, Cyber in a Box, Hoping for a Downturn, and Driving Digital Change

4 Trends for Private Equity Operating Partners: Unclean Data, Cyber in a Box, Hoping for a Downturn, and Driving Digital Change

Recently, several members of our M&A practice participated in the PEI Operating Partners Forum in New York City, where the private equity community gathered to share best practices on value creation. Here are four takeaways we found interesting and wanted to share: Behavior adaptability is insanely important to digital transformation. And they don’t mean adaptable businesses, they mean...

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It Takes a Fresh Perspective to Bring Complex Issues Into Focus

It Takes a Fresh Perspective to Bring Complex Issues Into Focus

As a CEO, I am constantly reading about the latest studies that “reveal” C-suite top priorities. One day, it’s digital transformation; another day, it’s the war on talent; and sometimes, it’s what the government is up to (or not up to) with trade relations or economic cycles. The point is, executives have lots in their sphere of concern—because frankly there are a lot of issues to consider and...

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7 Steps to Changing Your Organization’s Cybersecurity Culture—For Good

7 Steps to Changing Your Organization’s Cybersecurity Culture—For Good

Despite the escalated rate and severity of cyberattacks, leaders at most companies have not changed their approach to cybersecurity in the past few years to adapt to the increasingly challenging environment. The goalposts have changed. And the question leaders should ask themselves is not, “is my data secure?” but “how prepared are we to minimize operational downtime in the likely event of a...

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A Weekend Reminder of Why Resiliency, Not Data Protection Matters

A Weekend Reminder of Why Resiliency, Not Data Protection Matters

This past weekend was a reminder of why companies need to focus more of their efforts on protecting the resiliency of their environments – even if those investments come at the expense of data protection. On both Saturday and Sunday, news reports and Twitter posts were trending with photos of Target stores full of customers standing in line because the point of sale systems were unable to...

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Tackling the Cybersecurity Skills Shortage at the CyberForce Competition™

Tackling the Cybersecurity Skills Shortage at the CyberForce Competition™

Teaming Up with the Department of Energy and Argonne National Laboratory at the CyberForce Competition™ The US Department of Energy (DOE) hosted their CyberForce Competition™   in late 2018 within their network of National Laboratories across the United States. The competition was created with the goal of addressing the cybersecurity skill gap in the marketplace today.…

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Cybersecurity Diligence in Private Equity Transactions: A Q&A with Experts Who Have Completed Hundreds of Deals

Cybersecurity Diligence in Private Equity Transactions: A Q&A with Experts Who Have Completed Hundreds of Deals

Cybersecurity. It’s something that you need to be aware of both when you’re looking to acquire and once you’ve acquired in the continued day-to-day operations of the company. You don’t want to risk your data being exposed, being embarrassed, or suffering financial loss. Alex Agran, host of the Private Equity Technology Podcast, recently interviewed two West Monroe...

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Why should electric utilities take a closer look at supply chain risk management?

Why should electric utilities take a closer look at supply chain risk management?

Three years ago, I managed the vendor evaluation process for a utility assessing wireless options for telecom connectivity to substations. The field was limited to two vendors and cybersecurity was an important topic we wanted to explore in more detail with each. One specific area we sought to understand was the process used to address any cybersecurity issues that might arise with the...

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Is My Organization in Scope for GDPR?

Is My Organization in Scope for GDPR?

Starting May 25th, the EU’s General Data Protection Regulation (GDPR) is taking effect. Despite the looming start date, there are many organizations that are still unclear about the language of the regulation and why organizations in the US should be aware. A good starting point for understanding how GDPR may affect your organization is to determine if GDPR even applies, and if so, what is...

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Blockchain in Energy: The Future of Tomorrow?

Blockchain in Energy: The Future of Tomorrow?

The Blockchain in Energy Forum, hosted by Greentech Media in New York last week, gathered leaders from across utilities, start-ups, investors, and policymakers for a day of networking and discussion on recent innovations, best practices and future developments in the use of blockchain technology in the energy sector. The agenda offered participants a chance to gain a better understanding of...

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Chicago, IL 60606
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