National Grid plc – Digital Transformation Strategies
National Grid Plc (National Grid) has been focusing on using artificial intelligence, cloud, cybersecurity, and Internet of Things (IoT) to digitally transform its operations. The annual ICT spending of National Grid was estimated at $613 million for 2021. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. National Grid is an energy transmission and distribution company, which supplies electricity and natural gas. The company owns and operates electricity and gas transmission and distribution networks; and also serves as a transmission owner and system operator. National Grid offers installation and maintenance services to LNG suppliers and electricity metering; build and operates electricity inter-connectors; and performs insurance and corporate activities along with LNG storage activities.
The National Grid 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, innovation hubs/programs, technology partnerships, technology introductions, venture capital arm, investments, and ICT spending among others.
Digital Transformation Strategies
National Grid is exploring various emerging technologies like cybersecurity for threat detection, communication through encryption, and enhancing grid security. The company is also focusing on augmented reality (AR) and virtual reality (VR) to test their efficiency in improving its emergency response handling.
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National Grid Technology Theme Focus
National Grid is utilizing a number of emerging technologies including artificial intelligence, big data, and drones among others for achieving operational efficiency, enhancing customer experience, and building efficient monitoring systems that optimize energy consumption.
National Grid Technology Theme Focus
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National Grid Technology Initiatives
National Grid has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments over the last few years. For instance, in 2019, National Grid Electricity System Operator (ESO) teamed up with the Alan Turing Institute, a foundation for AI and data science, to create AI prediction methods, to improve solar panels and wind turbines forecasts in the UK. It analyzes historic data and around 80 input variables, such as temperature, new weather forecasts, learns and train itself by finding mathematical pathways to convert inputs into output, and provides new solar generation forecast. So far, the company improved solar forecasting by 33%.
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National Grid ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
National Grid ICT Spend by Function
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National Grid ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
National Grid ICT Spend by Channel
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National Grid External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
National Grid External ICT Spend by Segment
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National Grid Digital Transformation Strategies Overview
| Total ICT Spending 2021 | $613 million |
| ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
| 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 | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
| Technology Theme Focus | Artificial Intelligence, Big Data, and Drones |
This report provides:
- Insight into National Grid’s technology activities.
- Insights of its innovation hubs/programs.
- Overview of technology initiatives covering partnerships, technology introductions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into National Grid’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.
Key Players
Table of Contents
Frequently Asked Questions
The annual ICT spending of National Grid was estimated at $613 million in 2021.
The key ICT spending categories by function for National Grid are communications, data center, network, applications, end-user computing, ICT service desk, and management.
The key ICT spending categories by channel for National Grid are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
The key external ICT spending categories by segment for National Grid are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
The key technological theme in focus for National Grid are artificial intelligence, big data, and drones.
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