Energy & Natural Resources
The energy & natural resources industry refers to all the businesses involved in the production, fuel extraction, refining, distribution and sales of consumer energy. The utility sector includes companies that are involved in the distribution of public utilities such as electricity, oil & gas, and water. The industry is confronted with formidable challenges and profound uncertainties. The businesses involved in this sector need forward-thinking advice and practical strategies. In addition, the varying tariffs and trade may disrupt the supply chains, therefore, adding the cost of doing business. The factors such as declining costs of wind and solar generation, advances in battery storage technology, and growing expertise of grid operators have created enough potential for the existing players. In addition, the companies are looking hard to deploy artificial intelligence, analytics, robotics, and blockchain to increase the efficiency, productivity, reliability, and predictability of operations.