This IDC presentation provides an overview of the dynamics driving IT investment in the Philippine energy market. Energy demand in the Philippines is increasing, but there are challenges such as rising fuel prices, power loss, poor electricity distribution infrastructure, insufficient capacity addition, impacts of climate change, and lack of sufficient authority.
IT has a big role to play for energy companies in the Philippines, as they seek to provide increased network reliability and transformative customer engagement while minimizing costs. Leading utility organizations are adopting long-term strategic plans related to their technology needs and looking to the 3rd Platform and innovation accelerators, placing a focus on creating value from data-based insights, customer experience transformation, and cost management.
ASEAN Vertical Markets , IDC Energy Insights: Asia/Pacific Energy Strategies