Vector – Digital Transformation Strategies
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Vector Ltd. (Vector) has been focusing on using artificial intelligence, blockchain, big data, and smart meters to digitally transform its operations. The annual ICT spending of Vector was estimated at $19.2 million for 2021. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Vector, a subsidiary of Entrust NZ, is a utility network provider. The company offers power and telecommunication services. It distributes electricity and gas in Auckland; stores and processes and sells natural gas and LPG; and deploys electricity and gas meters to homes and businesses across the country. Vector maintains and installs fiber optic cables and offers cloud-based and Internet services. It owns fiber cable network in Auckland, Christchurch, Wellington, Tauranga, Hamilton, Napier/Hasting, and New Plymouth. The company serves gas-fueled power stations, industrial, commercial, and domestic customers across the country. The Vector 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, accelerators, incubators, and other innovation programs, technology focus areas, technology partnerships, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
Vector is proactively deploying data analytics to identify and prevent power outages. For instance, it is using acoustic testing technology to speed up inspections of power poles and using LIDAR technology to scan power lines for potential problems with trees. Vector is also leveraging IBM’s AI and weather forecasting solutions to better manage problematic vegetation and effectively predict and respond to disruptions caused by weather.
To gain more insights on digital transformation strategies and initiatives of Vector, download a free report sample.
Vector Technology Theme Focus
Vector is utilizing a number of emerging technologies including artificial intelligence, big data, and smart meters among others to enhance its operational and service capabilities.
Vector Technology Theme Focus
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Vector Technology Initiatives
Vector has been involved in several strategic technology partnerships and collaborations, technology investments, and acquisitions over the last few years. For instance, in 2020, Vector entered multi-year strategic alliance with AWS, to jointly develop New Energy Platform (NEP), by leveraging AWS services, including IoT, analytics, ML, and infrastructure services. NEP collects and analyses data from millions of IoT-connected Vector advanced meters on energy consumption and network performance, while these insights help energy and utility companies to develop tailored product and pricing solutions for their customers based on their energy consumptions. The NEP will leverage AWS IoT Analytics, to run sophisticated analytics on huge volumes of data, to provide Vector and other energy and utilities companies with insights on network performance to help plan energy networks, drive smarter investment decisions, and increase reliability for consumers.
For more insights on other technology initiatives of Vector, download a free report sample
Vector ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Vector ICT Spend by Function
For more insights on ICT spending by function, download a free report sample
Vector ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Vector ICT Spend by Channel
For more insights on ICT spending by channel, download a free report sample
Vector External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Vector External ICT Spend by Segment
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Vector Digital Transformation Strategies Overview
Total ICT Spending 2021 | $19.2 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, blockchain, big data, and smart meters. |
This report provides:
- Insight into Vector’s technology activities.
- 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.
Reasons to Buy
- Gain insights into Vector’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.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Vector in 2021?
The annual ICT spending of Vector was estimated at $19.2 million in 2021.
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What are the key ICT spending categories by function for Vector?
The key ICT spending categories by function for Vector are communications, data center, network, applications, end-user computing, ICT service desk, and management.
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What are the key ICT spending categories by channel for Vector?
The key ICT spending categories by channel for Vector are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Vector?
The key external ICT spending categories by segment for Vector are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
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What are the key technology themes in focus for Vector?
The key technological theme in focus for Vector are artificial intelligence, blockchain, big data, and smart meters.
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