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Partnering Empowers Utilities

Digital transformation is spurring a need for energy companies to partner with others. By the end of 2023, organizations that share data, applications, and operational information with their ecosystem partners through joint ventures will increase profitability by 5%, according to International Data Corp. By 2025, 25% of organizations that do not take such steps will struggle to stay in business and rish being acquired. So, it is in energy companies’ best interest to examine such possibilities now.  Â