Every area of the life and business are covered by digitalization. It is considered the task of the politicians to create a suitable framework conditions to sustain in the world. Due to the liberalization, the energy industry is considered to be in a difficult economic situation in the competitive world. Municipal companies need the energy market to take them as equal to the private investors but additional regulations create trouble with such activity.
Even though, the private companies are playing a key role in the energy world, but they are still lacking the right kind of innovation. The market is volatile. Financial crisis also plays a big role where now and then the companies face ups and downs. Thereby municipal companies can provide a role in the short innovation cycles where they can try out by themselves.
SINTEG Programme can be considered as a good example. This, in turn, enable standard that can derived quickly which helps in scaling business models and solutions across Germany. This shows a picture of municipal economy playing a significant role in driving the digitalized market in a healthy way.
Municipal economy contributes a significant role in the digital networking of rural areas and thereby fulfilling the function of providing services which are of general interests. The transparency of new technology, provides the awareness of the fact that who can have the access to our data. The data provides the knowledge about the consumption of electricity, gas and heat at any time but it also provides an insight about people’s lives and their usage thereby the municipal communities have to give the guarantee for proper usage of data and assurance of safeguarding the data.
In the course of digitalization, development of the new business field is becoming more important which provides an opportunity for the municipal utilities to sharpen their profile in order to enhance the focus of the business in the near future. It also clarifies that digitalization is a process of change which is actively understood and controlled.