Ferranti named a Major Player in 2024 IDC MarketScape: Worldwide CIS & Billing Solutions for Utilities

Here at Ferranti, we’re proud to be recognized as a Major Player in the IDC MarketScape: Worldwide CIS & Billing Solutions for Utilities 2024 Vendor Assessment (doc #US49060523, March 2024)

According to the report, “The CIS & billing solutions vendor landscape has significantly changed from our last vendor evaluation in 2016. The most notable change has been the impact of the energy transition on utilities as well as energy and water retailers, not only in the features and functionalities they require to satisfy their customers, but also in their need to quickly adapt to market changes with innovative tariffs as well as new products and services bundles.”

“Ferranti has demonstrated a long-standing commitment to the success of its utility clients, which praise its data migration capabilities and integration capabilities as well as its team-player approach to solve complex challenges” said Gaia Gallotti, research director, IDC Energy Insights. “Additionally, Ferranti’s strategic partnership with Microsoft is expected to provide Ferranti’s MECOMS 365 solutions an edge around GenAI.”

About IDC MarketScape:  

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.