Itron Resourcefulness Index Emphasizes Industry's Role in Managing Energy, Water

March 31, 2016
Itron surveyed more than 2,000 combined utility executives and customers around the globe

Itron, Inc., a technology and services company dedicated to the resourceful use of energy and water, announced the release of the third annual Itron Resourcefulness Index report, a global survey and index benchmarking energy and water resources management.

In its largest study to date, Itron surveyed more than 2,000 combined utility executives and informed consumers in key markets around the globe to benchmark energy and water management. The insights gathered this year point to the growing importance of the utility industry’s role in leading the transformation in managing finite resources. Increasingly, utilities are turning to new technologies to reduce wasted energy and water.  Energy utility executives indicated a desire to have an integrated system that includes gas, solar and wind renewables, which will drive the transformation and address their changing business model. Meanwhile, the survey revealed a growing dissatisfaction with the level of communication and control consumers expect from their utility. At the same time, the majority of utility executives noted that they are excelling in communicating with their customers.

“I’m proud to present the 2016 Itron Resourcefulness Index, which provides important insights into how the industry is reliably, efficiently and sustainably managing energy and water resources. One of the prominent themes from this year’s report focuses on the leading role that utilities have in transforming the way we manage and use these resources around the globe,” said Philip Mezey, Itron president and chief executive officer. “In the age of the Internet of Things and smart cities, it is becoming clear that utilities have an opportunity to drive a real shift in how they engage with consumers to enable smarter communities, propel local economic development and better manage energy and water. As utilities deploy new technologies and innovations to help address the changing industry landscape, customers will look to them for guidance.”

Key Themes from the Perception Survey

This year’s survey generated several interesting insights from utility executives and consumers, including 10 key trends:

  1. Utilities are deploying technology that can lead the age of the Internet of Things and smart cities.
  2. Utilities are turning to technology to address the changing business landscape.
  3. Consumers want utilities to do more to connect the dots for them.
  4. It’s not about big data; it’s about the right data.
  5. Cybersecurity continues to be a concern.
  6. Gas and electricity grids grow together.
  7. Addressing wasted water is a priority.
  8. Governments have an increasing role in shaping resourcefulness.
  9. Next generation workers are needed.
  10. Everyone needs to take action to create a more resourceful world.

Energy and Water Resourcefulness Indices Findings

Similar to last year, Itron used data from third-party sources to create two indices—the Energy Resourcefulness Index and the Water Resourcefulness Index. The indices help to measure country-level resourcefulness using 35 macro indicators across three core pillars—effectiveness, efficiency and sustainability—and rank the countries according to their performance for each.

Within the energy index, the report found the top five performing countries to include:

  1. United States
  2. Germany
  3. Canada
  4. Japan
  5. France

Within the water index, the five leading countries included:

  1. Australia—which topped the Index for the second consecutive year
  2. Japan
  3. Germany
  4. France
  5. United States

Full survey findings are available in the 2016 Itron Resourcefulness Index, available for download at www.itron.com/index.

Source: Itron

Sponsored Recommendations

2024 Manufacturing Trends Unpacking AI, Workforce, and Cybersecurity

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

State of Smart Manufacturing Report Series

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

ArmorBlock 5000: Boost Automation Efficiency

April 25, 2024
Discover the transformative benefits of leveraging a scalable On-Machine I/O to improve flexibility, enhance reliability and streamline operations.

Blower Package Integration

March 20, 2024
See how an integrated blower package can save you time, money, and energy, in a wastewater treatment system. With package integration, you have a completely integrated blower ...