Duke Energy Corporation – Digital Transformation Strategies
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Duke Energy Digital Transformation Strategies Report Overview
Duke Energy has been using a wide range of digital solutions to bring disruptive changes in its business processes and has initiated various in-house strategies to drive digital transformation. The annual ICT spending of Duke Energy was estimated at $1.5 billion in 2022. A major share of this spending is earmarked for acquiring hardware, software, and network and communications from vendors. Duke Energy is an integrated energy utility engaged in the generation, transmission, distribution, and sale of electricity, and operates a diverse mix of coal, nuclear, natural gas, oil, and renewable power plants.
Total ICT Spending 2022 | $1.5 billion |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, IoT and 3D Printing |
The Duke Energy Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Digital Transformation Strategies
Duke Energy is tapping IoT sensors and operations data to provide significant data inputs on energy usage and interruptions, to develop self-healing energy networks. The company has successfully made use of machine learning on billing, smart meter data, and other data sets to better understand energy theft issues across its systems. Duke Energy is partnering with various universities and is offering funding to equip 3D printing machines and software within the university premises. This enables Duke Energy to replace positions of its experienced retired employees with skilled students.
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Duke Energy Technology Theme Focus
Duke Energy is utilizing number of emerging technologies including artificial intelligence, big data, IoT and 3D printing to improve operational efficiency and enhance customer experience.
Duke Energy Technology Theme Focus
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Duke Energy Technology Initiatives
Duke Energy has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years. For instance, Duke Energy partnered with Sierra Wireless, an IoT solutions provider, and OES, a grid integration service provider, to jointly develop an edge platform that runs a complex, centrally managed, and containerized edge applications. This platform enables interoperability between the various smart grid elements and faster decision making at the edge.
For more insights on other technology initiatives of Duke Energy, download a free report sample
Duke Energy ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
Duke Energy ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
Duke Energy ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Duke Energy ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Duke Energy External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
Duke Energy External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
Scope
This report provides:
- Insight into Duke Energy’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Duke Energy’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Duke Energy in 2022?
The annual ICT spending of Duke Energy was estimated at $1.5 billion in 2022.
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Which was the leading ICT spending category by function for Duke Energy?
Data center was the leading ICT spending category by function for Duke Energy in 2022.
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Which was the leading ICT spending category by channel for Duke Energy?
Internal development and maintenance was the leading ICT spending category by channel for Duke Energy.
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Which was the leading ICT spending category by segment for Duke Energy?
Hardware (including cloud IaaS) was the leading ICT spending category by segment for Duke Energy.
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What are the key technology themes in focus for Duke Energy?
The key technological theme in focus for Duke Energy are artificial intelligence, big data, IoT and 3D printing.
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