Duke Energy Corporation - Digital Transformation Strategies

Duke Energy Corporation - Digital Transformation Strategies Summary This report provides insight into Duke Energy Corporation’s fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts. Duke Energy Corporation is an integrated energy utility engaged in the generation, transmission, distribution, and sale of electricity. The company operates a diverse mix of coal, nuclear, natural gas, oil, and renewable power plants. The company operates through three reportable business segments: Electric Utilities and Infrastructure (EUI), Gas Utilities and Infrastructure (GUI), and Commercial Renewables (CR). It has operations in Indiana, Florida, Kentucky, Tennessee, North Carolina, Ohio, and South Carolina in the US. Scope - Duke Energy has initiated various in-house strategies and has begun using a wide range of digital solutions to digitally transform its business processes and achieve operational excellence. - Duke Energy has deployed smart metering and smart gird technologies to digitize its operations. The smart meters leverage data analytics and automation to provide real-time data on energy usage, enable remote meter monitoring, and identify power outages. - Duke Energy’s nuclear workers use indoor drones to perform inspections in confined spaces. There are around 28 trained indoor drone pilots across the nuclear fleet exploring opportunities to use this technology. In addition, the company uses drones to conduct infrared equipment inspections, analyze storm damage, and examine tall structures. - As part of its digital transformation, Duke Energy is collaborating with Amazon Web Services (AWS) to develop smart grid solutions and migrate its IT and grid analytics workloads to AWS’ cloud platform. Reasons to Buy - Gain insights into Duke Energy Corporation's tech operations. - Gain insights into its tech strategies and innovation initiatives. - Gain insights into its technology themes under focus. - Gain insights into various product launches, partnerships, investments and acquisition strategies.