Traditional energy providers are facing shifting consumer expectations and their business models need to respond. Competition for market share of energy sales is increasing, while society is trying to decrease its energy use. The cost of solar and storage is plummeting. New sources of demand exist, such as electric vehicles, but competition from new energy players will be fierce.
Informed consumers and savvy competitors are pushing energy companies to use data and software more effectively. Energy providers must compete not only for customers, but also for the talent required to innovate. In the midst of this disruption, many companies also face a knowledge transfer problem as their experienced workers retire.
What is to be done? What does a 21st century energy company need to be competitive? How do we attract new talent and build a workforce that harnesses technological change?
The energy sector can address this disruption by learning from other industries that have already been through it. The workforce is the key to transformation.
This season’s #FutureofWork event will explore workforce change in the energy sector. It will focus on the effects of competition, knowledge transfer, big data and artificial intelligence on employability, skills, development, recruitment, corporate training and more.
The #FutureofWork Series leads conversations with entrepreneurs, technology commercialization experts, investors, technologists, scientists, academics, researchers, workers and employers around new paradigms that are yet to be uncovered and understood.