There are multiple stakeholder benefits emerging:

1. Direct market opportunities created by pursuing new revenue streams, such as cloud-based managed services for connected homes, home energy management, and commercial and industrial energy optimisation;
2. New business models enhanced by technology and focused on sustainable outcomes such as energy savings as a service, demand response (DR) solutions, virtual power plants (VPPs), connected storage, and cloud services for customers to optimise energy management;
3. Internal operational efficiencies, process improvements, and resource and cost savings such as using predictive analytics alongside the move from reactive to proactive operations to generate a more precise and flexible match of supply and demand across grids;
4. Risk reduction across the energy value chain, including integrating weather data alongside energy data to accurately forecast weather-dependent renewable generation with consumption behaviour;
5. Improved customer experience, engagement and competitive advantage that will come from new offerings based on data services and value-adding interactions over mobile, social and web interfaces to increase customer loyalty and trust; and
6. Action on societal responsibilities and obligations by delivering reduced carbon emissions and increased efficiency, and bringing modern energy solutions to communities still stifled by unreliable or non-existent electricity supplies.

In the connected energy world, with technology and new operating models applied strategically across the energy ecosystem, these benefits will combine to deliver opportunities to generators, distributors, grid operators and consumers.

In the next wave of change, the digital transformation of energy will bring about a business transformation across the value chain whereby the generation, management and control of energy will become a driver of growth and business efficiency.