How utility companies will use Fulcrum to gain an actionable advantage in 2024



As 2023 draws to a close, utilities face considerable headwinds, finding themselves squeezed by regulator-driven demands for sustainability and environmental care, and grappling with escalating service delivery costs. In this challenging landscape, GIS-enhanced data collection emerges as a crucial tool for utilities, aiding in balancing these demands while maintaining operational efficiency.
The need to overhaul legacy systems for modern demands, like supporting electric vehicles or replacing lead pipes, has been constrained by slow growth rates (3.82% for water, 1% for electricity). Inflation adds another layer of complexity by shrinking the budget for projects, as the costs of materials and labor continue to rise. In addition, heightened scrutiny from consumers, many of whom are struggling with rising utility bills, results in regulator hesitancy to approve the rate increases essential for utilities’ survival.
As if these weren’t enough, utilities also face the unenviable task of ensuring unwavering reliability. They must keep the electricity humming and the water flowing without interruption, even as increasingly volatile weather patterns threaten their operations. This relentless demand for operational continuity, despite the whims of Mother Nature, adds yet another layer of complexity to the already intricate balancing act utilities are performing in today’s dynamic environment.
Finally, the perception of investor risk in utilities is impacted by declining sales per customer and rising costs, all during a time when significant capital investment is crucial to address aging infrastructure and other pressing issues.
What’s a utility to do?

Fulcrum steps in where it matters most. While we can’t control the weather or the economy, we can significantly streamline your field operations. Our GIS-enhanced data collection platform is designed to optimize your use of time, personnel, and resources. By standardizing data collection and integrating seamlessly with GIS, Fulcrum enhances data quality and reliability, boosting operational efficiency, productivity, and agility.
As utilities continue to be stretched thin by a multitude of issues, Fulcrum provides the tools that help to maintain the balance between demand, reliability, sustainability, and the constant push for innovation. Join us as we explore the specific features Fulcrum offers to empower utilities in tackling these challenges.
Empower your field teams while streamlining data collection management, achieving more with less time and effort.
Fulcrum provides the framework for natural workflows, enhancing field team efficiency and data accuracy, while offline capabilities ensure operational integrity.
The Fulcrum GIS-enhanced data collection platform combines data precision and analytical depth to produce a wealth of geospatial insights. With a precise understanding and manipulation of geographic data, utilities and utility contractors can streamline operations and improve responsiveness.
Lastly, Fulcrum joins disparate systems into a synchronized and comprehensive data strategy, vastly improving decision-making and agility.
As the utility sector approaches 2024, it does so amidst a whirlwind of challenges, each more demanding than the last. Rising costs, stringent regulatory demands, the need for sustainable solutions, and the ever-present call for operational reliability define the current utility landscape.
In this context, Fulcrum’s role transcends that of a mere GIS data collection platform, becoming a critical strategic component for any forward-thinking utility company. It paves the way towards a future where data-driven decision-making, enhanced operational efficiency, and strategic adaptability come together, fostering a utility sector that is more resilient, agile, and sustainable.
As utility companies navigate this complex landscape, the adoption of Fulcrum’s comprehensive suite of tools represents a commitment to innovation and excellence, preparing them to not only meet the demands of the present, but to shape a more sustainable and efficient future.
Dealing with the complexities of modernizing infrastructure and ensuring operational reliability? Learn how optimizing your field operations with Fulcrum’s GIS-enhanced data collection platform can help. Speak with a Fulcrum expert today to learn more!