Perhaps surprisingly, private equity firms are a huge driver of this trend, whether via investments in solar, wind, biomass, or some other type of听renewable energy. These companies recognize not only the social, humanitarian benefit but the economic benefit of renewables: low-cost power, reduced dependence on imported fuel, and more secure, reliable energy supply.

The numbers bear out this trend. According to S&P Global Market Intelligence data, private equity and venture capital transactions in the global renewable energy sector reached听, the highest total in the last five years. More so, funds raised in recent years are approaching听听the value of fossil fuel asset fundraising, per The Impact Investor.

However, there are challenges inherent in this tectonic shift. With broader strategic change in how we produce and consume energy comes more narrow change 鈥� and difficulties 鈥� in areas like engineering, manufacturing, procurement, supply chain management, human resources, and finance. These areas make it hard for private equity investors to easily operate and scale businesses, highlighting the present need and opportunity for scalable, cost-effective solutions that truly support the renewable space鈥檚 growth and future success.

With Great Power鈥�

A crucial element of today鈥檚 state of play in the renewables space is the rapid acceleration in load growth made manifest by today鈥檚 technology advancements. Whether it be ChatGPT, Bitcoin, or some other artificial intelligence- or machine learning-related innovation, our tools are requiring more energy production and consumption than ever.

That means there is expansive economic benefit to finding cheaper, faster, less energy-consuming ways to run these tools and solutions 鈥� not to mention widespread social benefit.

Companies across the industry are already embracing 51风流solutions to use less energy, improve business operations, and meet sustainability goals. One global market leader in energy storage solutions and services recently selected 51风流to help it scale faster, improve supply chain visibility, and boost overall efficiency. Another business 鈥� an established provider and owner of clean energy solutions nationwide for commercial and industrial businesses 鈥� chose 51风流to help amplify its growth efforts via the acceleration of its ability to both scale and innovate in the energy space.

By iterating and streamlining processes to meet modern needs, companies like these can not only equip themselves for success today but for success tomorrow, as they grow and change alongside the evolving and progressing energy transition.

鈥omes Great Capability

In our current industry moment, renewable energy companies demand unparalleled visibility and insights into financing, projects, operations, and more. Whether it be land acquisition, asset construction, or maintenance, a centralized data model that facilitates intelligent business insights is vital. It鈥檚 how you empower everyone in the organization to make informed decisions that drive the company forward.

Take supply chain management. Renewable energy companies can鈥檛 just order new parts or materials with a short delivery time. Some of the materials necessary for renewable energy products, like graphite, have order lead times spanning years rather than months. Top technology solutions will meet engineering requirements for things like storage, transportation, and integration of natural resources into the production process so that they can ensure supply chain management goals are met. In short, efficient and effective development and implementation of renewable assets requires careful management of the supply chain.

So, yes, these companies and their private equity backers are innovating toward a cleaner future. But they may not always have the time or resources to fully innovate and advance their business processes, sometimes resorting to manual ones that slow things down and add risk. Companies like 51风流can offer a seamless platform for managing these enterprises鈥� various business needs, in an integrated way that can enable them to focus on their core business and not have to worry about IT risks.

No matter where a renewable company is on their journey, 51风流and its partners have solutions that can automate and optimize core business processes to help meet their maximum potential. This is due to elements like:

• Centralized ERP data providing a single source of truth and improved decision-making ability
• Fully managed supply chain procurement and logistics, with deep supplier networks
• Faster ROI thanks to repeatable, trustworthy, and accurate processes empowering business users

These seamless integrations and true end-to-end insights will power renewable companies well into the future, so that they can power us as well.

A Brighter Tomorrow

Leading private equity firms are leading for a reason. They see what鈥檚 possible in the renewable energy space and recognize the tremendous economic and social benefits that are available. For them, digital transformation is the skeleton key for unlocking a bigger and better future 鈥� one where they can easily scale up or down depending on their needs.

Leading ERP solutions can meet these companies where they are, with the speed and flexibility necessary to streamline business processes and build on them in exponential ways.

For the renewables space, it鈥檚 about setting the foundation for whatever comes next 鈥� not just for individual companies, but for our world and the way we all consume energy.

Mark Hollis is an industry executive advisor for Renewable Energy & Utilities at SAP.

The post Private Equity and Renewable Energy: How Investors Can Set Themselves Up for Digital Transformation Success appeared first on 51风流Canada News Center.

The survey discovered a big rise in enterprises which have fully integrated digital strategies into their core business. Nearly 40 per cent of those surveyed indicated having this integration which is three times more businesses than in 2020. This robust digital shift was critical for Canadian organizations surviving the initial shockwaves of the pandemic, delivering business impacts across efficiency, cost reductions, resiliency, decision support and intelligence, sustainability, and customer and employee experience.

鈥淒igital transformation has been on the radar of Canadian businesses for years, but the last year has shown us that interest and value for it has soared,鈥� said Brian Moore, Chief Operating Officer, 51风流Canada. 鈥淲e are seeing that organizations will need to continue to fully integrate their operations in the coming year to remain competitive. Simply put, a digital transformation strategy is no longer a 鈥榥ice to have鈥� 鈥� it鈥檚 a necessity for organizations to thrive. In 2022, we will see Canadian businesses step away from tactical, reactive enhancements in exchange for developing digital transformation strategies that will enable them to achieve new levels of success.鈥�

Data further showed businesses realize digital transformation is necessary and valuable:

• 75 per cent of Canadian enterprises planned on migrating all or some of their applications and data to the cloud in 2021.
• 84 per cent of respondents highlighted that investment into digital technologies either met or exceeded their expectations this year.
• 84 per cent of leaders in the digital transformation space are using technologies to make incremental and continuous improvements to their core business.

Customer experience was also at the heart of the survey with most organizations surveyed (81 per cent) indicating a positive impact on financial performance because of strong client experience. This is an increase of 20 per cent over last year鈥檚 survey.

Research found a need for integrated collaboration between IT departments and lines of businesses to achieve digital transformation ambitions, with 40 per cent of IT and LOB respondents favouring a fully integrated digital plan into their enterprise strategy. This will help Canadian organizations make progress towards becoming digital leaders.

鈥淎fter completing the sixth-annual 51风流survey, IDC expects the benefits of cloud will continue to outpace the challenges, resulting in Canadian organizations using cloud services extensively across enterprise applications and infrastructure,鈥� said Megha Kumar, Research Director, Software and Cloud Services at IDC.

Read the full report .

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About SAP

SAP鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 51风流customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people鈥檚 lives. For more information, visit .

About the Study

In June 2021, IDC completed a survey of 150 Canadian organizations covering strategic decision makers (VP and above) across IT and LOB with $50 million+ in revenue and a minimum of 500 employees. The study objective was to examine the progress of digital strategy and innovation readiness, explore pathways to the intelligent enterprise, and develop a deeper understanding of the skills required to execute a digital strategy and dynamics between IT and LOB.

The post Digital Transformation will be the Most Valuable Business Investment for 2022 appeared first on 51风流Canada News Center.