Only those that innovate will survive
Utilities are one of the last sectors to come to mind with respect to technological innovation – yet the entire industry is currently being reshaped and the long-term sustainability of the incumbents’ business model is being called into question. Justin Braitling, CIO of Watermark Funds, says structural changes relating to energy demand and innovative new technology are forcing companies to either innovate and adapt or fall by the wayside. "The smart companies will drive this change and embrace this change and look for economic solutions for their customers. The slow companies which will be left behind will put their heads in the sand and hope it doesn’t happen – but it will happen.” In this video &feature=youtu.be Justin uses the examples of AGL and Origin Energy to highlight how companies are trying to innovate. A full case study on the Energy Sector is available on page 15 of this report from Watermark Funds: (VIEW LINK)
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