8 The Digital Utility: New challenges, capabilities, and opportunities requires support from senior leaders and, ultimately, from the entire company. The digital revolution—referred to as Energy 4.0—involves these advances to build smart grids, manage renewable energy and distributed generation. 3 Challenges Facing the Solar Energy Industry December 3, 2016 By The SOE Team. Because the supply is so much higher than the demand, many of these companies have gone out of business. As the world becomes more dynamic, complex, and data-driven, the energy industry must react to changing influencing factors and framework conditions through different digitization processes. Digital transformation across the utilities value chain. When looking at the broader utility industry ecosystem, it’s important to break up the “chain” and see the various challenges and opportunities per element of the value chain as energy, water etc. From our work with leading companies, we’ve found that organizations that overcome obstacles to digitization follow seven imperatives. The pace of digitalisation in energy is increasing. are such complex ecosystems. Getting senior leaders on board One challenge for many utilities will be persuading senior leaders, many of whom have spent almost all of their careers in the sector’s more predictable One example of this already in action is the New York Reforming the Energy Vision, an ambitious effort to redefine the role of utilities companies as a system integrator of distributed energy resources and provider of energy services. Even with record growth in the industry, the large number of companies that jumped into the market created an oversupply of solar panels. Essentially, all asset-intensive industries face disruptive challenges from changing business models and higher cost pressures. Company-specific challenges with respect to data and carbon footprints are emerging, exposing companies to risks they might not initially have anticipated. Many digital companies are transforming organizationally, operationally, and behaviorally to support the digital business environment. With pricing and demand uncertainty, many producers are trying to get the utmost out of their sunk CAPEX. In doing so, they are able to resolve industry-specific challenges, tap the full potential of data-driven technologies, and gain a … “The energy industry is facing decades of transformation,” according to a recent report by the World Energy Council.Yet the implications of the changes underway go far deeper. 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