Navigant Consulting, Inc. – a specialized, global consulting firm – recently released the latest installment in its Energy Cloud analysis titled Navigating the Energy Transformation (“NET”). This paper will analyze the energy industry’s trends, and provide stakeholders a blueprint – the Energy Cloud Playbook – for long term success.  

In today’s competitive world, it is challenging for companies to cope with the changing customer needs, evolving policies and regulations, and accelerating innovation around distributed energy resources. Such demands for latest advancements have led to historic transformation across the energy industry.

The new Energy Transformation analyses developments and technologies that are integrated in the Energy Cloud. At the same time it evaluates the changing revenue trends across the value chain, as well as implications for current players and new market entrants. The company has presently developed analytic tools to meet the growing demand for technology-enabled solutions that can help clients address many of the market challenges.

Per the findings by Navigant, revenues for electric value chain are likely to move south, while digital innovation are expected to represent a $1.3 trillion market opportunity in 2030.

Strategies and business models used earlier require upgradation to pinpoint the trends and opportunities. With the changing requirements, introduction of new technologies and business models are required to address market and customer needs.

Founded in 1983 and headquartered in Chicago, Navigant is a provider of specialized consulting services. The company’s staff of seasoned consultants and industry leaders provides litigation support and investigative services, claims management and analysis, corporate finance services, discovery services, government contracting services as well as operations advisory and management process outsourcing services. Navigant primarily focuses on customers in industries undergoing substantial regulatory and structural changes, including construction, energy, financial services and healthcare.

Navigant currently carries a Zacks Rank #2 (Buy). Some other stocks in the same space worth considering include CRA International Inc. (CRAI Quick QuoteCRAI - Free Report) , CBIZ, Inc. (CBZ Quick QuoteCBZ - Free Report) and The Hackett Group, Inc. (HCKT Quick QuoteHCKT - Free Report) . All three stocks carry the same Zacks Rank as Navigant.

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