Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the utility sector. This time, you get to discover 5 hand-picked digital utility solutions.
Global Startup Heat Map highlights 5 Top Digital Utility Solutions out of 449
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 449 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 digital utility solutions that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 444 digital utility solutions, get in touch.
Bynry develops Smart Utility Software
Apart from digitization, digital utility facilitates decarbonization and decentralization of the utility sector. For instance, customer-centric business models and peer-to-peer (P2P) energy sharing are gaining momentum in energy and water utilities. Startups advance this by providing solutions tailored for the utility companies. To this end, digital twins, the internet of things (IoT), artificial intelligence, and cloud computing are some of the technologies that startups utilize.
Bynry is a US-based startup that develops cloud-based smart utility software for small and medium-sized companies. The startup’s software allows users to manage utility operations from onboarding customers to managing assets in a single point. Besides, Bynry develops six tools that include customer and meter data management along with workforce automation and purchase management. In effect, this allows electric, water, and gas utility companies to digitize and streamline back-office operations.
Klipboard advances Field Services Management
Unlike other sectors, utility services have a high volume of field service operations. This is mainly due to issues that range from simple pipe leaks to severe damages to utility infrastructure and assets. As a result, utility companies are switching to digital solutions to optimize field services management (FSM). Moreover, service agents directly interact with customers and are responsible for customer satisfaction. FSM tools allow companies to optimize service routes, control their operations, and prioritize consumers, thereby improving customer loyalty.
British startup Klipboard creates a field services management software. The startup’s solution combines visualization tools with software automation and machine intelligence to enhance job management. In effect, this produces an all-in-one platform for scheduling, planned maintenance, invoicing, quoting, automated communications, and reporting. Thus, Klipboard’s solution provides real-time visibility into field services and personalizes customer communication for power and water utility companies.
ME SOLshare enables P2P Energy Trading
Even though the initial development of distributed energy resources (DER) first happened during industry 3.0, digital utility solutions now advance it. For example, the use of IoT and cloud-based marketplaces improves the fluidity of DER-based energy and promotes its adoption. Startups use this to create decentralized grids that feed smaller communities, thereby enabling microgrids. Through this, energy utilities are able to electrify regions unreachable by the grid.
ME SOLshare is an Indian startup that enables peer-to-peer energy trading for rural communities. The startup interconnects solar home systems into cyber-physical P2P microgrids to monetize excess solar energy. For this, it develops SOLbazaar, a dynamic energy marketplace. SOLbazaar also includes the SOLbox electricity meter, SOLapp smartphone app, and SOLweb web-based application. Furthermore, SOLbox facilitates smart grid management, remote monitoring, mobile payments, and data analytics, thereby advancing electrification in remote areas as well as enabling an alternative source of income for rural communities.
AIQUEOUS offers Customer Management Software
Digital utility integrates an information-based paradigm for the utility sector. Additionally, it enables real-time data analysis, process improvement, preventive and predictive maintenance as well as improves the return of investment (ROI). For instance, data analytics for smart water meter data provides insights into water usage variations in daily cycles. This further allows utility companies to improve demand-side management, thereby reducing energy and water shortages.
AIQUEOUS is a US-based startup that develops WATERWAYS, a customer management software for water utilities. The startup combines data analytics and cloud computing to streamline customer-facing interactions, as well as digitizes applications and reports. As a result, WATERWAYS reduces audit risks, improves operations, and enhances communication efficiency. This, in effect, advances customer satisfaction and drives sales. In addition to WATERWAYS, AIQUEOUS develops POWERPATH customer management software for energy utilities.
SpiralData develops End-to-End Digital Utility Solutions
Unlike water and energy utilities, sewage systems lack effective levels of maintenance and management. However, advancements in IoT and predictive analytics are improving the operations in sewage and wastewater management. To this end, startups develop solutions such as pipeline monitoring, inspection automation, and predictive maintenance that improve operations management, thus enhancing the overall sanitation of villages and cities.
Australian startup SpiralData provides end-to-end digital utility solutions for sewage and wastewater management. The startup integrates data analytics, big data, IoT, and machine learning to develop bespoke solutions that improve daily operations and are integrable with legacy systems without disrupting regular services.
Discover more Utility Startups
Startups such as the examples highlighted in this report focus on smart utility and customer management software, chatbots, energy trading as well as digital maintenance. While all of these technologies play a major role in advancing utility management, they only represent the tip of the iceberg. To explore more solutions, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.