A market report published by Innovation Observatory has recognised that LogNet Systems has focused on smart grid billing in it’s study entitled Smart Grid Billing Outlook 2012-2016.
The study analyses the opportunities for utilities and municipalities to create new services and revenues, develop business models for multi service environments and increase process efficiency.
Danny Dicks, Principal Consultant at Innovation Observatory and the report’s author explains, “While smart meter deployments have been growing steadily over the last 3-4 years, utilities’ IT system priorities have been focused on preparing for how to deal with large volumes of smart meter data. We expect to see the emphasis change towards making use of that data to develop innovative tariffs and new services. All this will require a change to legacy billing systems used by utilities. Those solutions that are designed to bill for multiple services – LogNet’s MaxBill system for instance – will enable utilities and municipalities to turn smart meter data into valuable services and new revenue.”
LogNet Systems is positioned to win business with forward-thinking utility providers and new entrants in the competitive markets.
“The important recognition from Innovation Observatory is a great endorsement of our strategic investment in the smart grid sector and our commitment to the utilities market”, says LogNet Billing chief executive officer Kirill Rechter.” Utility companies are following a similar evolutionary path previously taken by many telcos and we believe that we are strongly positioned to help these utilities succeed in newly competitive markets and progress into multiple service operations.”
Customer management and billing solutions that serve a variety of single and multiple service operations is provided by LogNet Systems. The HQ for LogNet Systems is located in the UK, but they have offices and representation across EMEA, APAC and Americas.
For more information, visit www.lognet-systems.com.