The immense challenges of today’s world have amplified the need for reliable and resilient infrastructure. COVID-19 has made power, water, natural gas and telecommunications more essential than ever. At the same time, catastrophic wildfire and hurricane seasons have underscored the growing impacts of climate change, reinforcing the importance of efforts to both mitigate and adapt to the change.
Most utilities have adjusted their operations to adhere to health and safety restrictions while maintaining uninterrupted service. At the same time, the global outbreak has highlighted the urgency of transitioning to new technologies and data-driven approaches that will enable more efficient management of critical systems and aging assets. Furthermore, the economic impact of COVID-19 is reducing some utilities’ revenues, which are critical to meeting both of these goals, adding tension and complexity to the prioritization of investments.
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https://www.bv.com/sites/default/files/2020-12/21_MegaTrends_Report.pdf