ENGIE: Powering the Energy Transition with Data

The energy transition is upending the ways in which governments, regulators, individuals and businesses view and behave themselves. In this context, how does an energy-focused company transition its own organisation and its established ways of operating in order to be better equipped for the challenges posed by the energy transition? In this short piece, we introduce a case study which looks at how Engie, a 150-year old industrial giant leverages modern tools to better serve not only its clients but its own business units and ultimately its strategic vision. 

Theodoros Evgeniou is a Professor of Decision Sciences and Technology at INSEAD. Together with his colleague Pal Boza, a Senior Research Associate, he published a case study focused on the data and technology transition of Engie. Whilst there is much chatter about the energy transition itself, there is little focus on how energy companies can better equip themselves with tools which can aid this transition. More than being a purely technological matter, this shift entails cultural, organisational and strategic changes of significant scale. Naturally, these changes result in friction and potentially tensions within the organisation.

So how did Engie do it? In steps, or rather seasons, as we found out during the webinar with Yves le Gelard, EVP in charge of Digital and Information Systems and Mihir Sarkar, Chief Data Officer. 

The first season was described by Yves as an approach akin to fiscal stimulus whereby geographical units are provided with tools and skill sets paid for at the corporate level. These geographical units are free to choose their course of action but do so in the knowledge that selecting resources provided Engie will effectively be free of charge. 

In the ensuing season, roles are reversed and the impetus is Engie-led as opposed to being led by business units. The course of action is orchestrated centrally and is driven by three hubs located in Paris, Houston and Rio de Janeiro. 

Finally, in the last season, alignment is sought with the overarching strategy set by the CEO. 

Mihir also alludes to a stepped approach by referring to Engie’s transition from Information Technology to Digital, followed by a transition from data to Artificial Intelligence. Indeed, he concludes, data is now a raw material. 

The webinar also saw active participation from the audience, whose questions revolved around the impact of geographical and cultural differences in crafting and deploying a strategy, CAPEX allocation and the impact of cultural differences in leveraging data and AI in organisations spanning multiple business lines and countries. At the beginning of the session, Professor Evgeniou posed a key question: how will the IT/ digital/ data organisation evolve at Engie?

Tune in using this link and let us know your views at [email protected]

Announcing the re-launch of our Energy blog!

Dear Alumni,

We would like to announce the re-launch of our Energy blog!

We believe that the future of the energy sector represents undoubtedly the most significant global challenge of this historic period when international, economic and energy systems of our collaboration are put into test. As INSEAD Alumni, we remain committed to ensuring sustainability and security of energy supply while continuing the transformation to a low carbon society that will materially impact countries, businesses, and our personal lives.

Thanks to the continuing support from the Hoffmann Global Institute, INSEAD Life Long Learning and IAA.

We appreciate the support and collaboration of all the National Energy Clubs that engage via Ambition NetZero Series.

As part of our plans to develop the Alumni Energy Global Club for the benefit of our international alumni community we are creating a platform (this blog) to enhance alumni, school and external expert collaborations. 

We have few updates:

We created a space for knowledge leadership from notable INSEAD alumni working in the Energy Transition space, our past and future speakers from the Ambition NetZero Series and INSEAD academics. With the forthcoming blog articles and interviews we will be connecting experts and global leaders to share their views on most critical aspects of energy transition. 

This blog is a space where you can find up to date information about Club leadership and volunteers. Do check it out and reach out to extend your network.

We also offer room to events from National clubs and past and future events that are organized by our volunteers. You find the details under a dedicated link. 

A special thanks to those among you who have already expressed their interest and support, and those who have offered to volunteer. We encourage all of you to be in touch with us and submit feedback and suggestions.

We look forward to engaging with you through relevant, interesting and up to date content on the topic of energy transition.

Sincerely,

On behalf of the INSEAD Alumni Energy Global Club Board

The INSEAD Alumni Energy Global Club Is Back!

Dear Alumni,

Finally we are back in business!

With the renewed mandate from the INSEAD Alumni Association (IAA) we are delighted to revive the Alumni Energy Global Club for the benefit of our international alumni community.

We believe that the future of the energy sector represents undoubtedly one of the most significant global challenges of our time, and that the transformation to a low carbon society will materially impact countries, businesses, and our personal lives.

Our focus will be on reinforcing the global INSEAD alumni network, integrate alumni events with INSEAD Business School projects and foster initiatives to accelerate concrete actions to fulfil INSEAD’s mission as force for good.

With the forthcoming Webinar series, Ambition Net Zero: Moving to a Decarbonised World, we will start to operate as a global platform bringing together alumni, students and faculties on a journey towards carbon neutrality with the main objective to share actionable insights by connecting experts and global leaders while promoting INSEAD talents. Thanks to the support from the Hoffmann Global Institute, INSEAD Life Long Learning and IAA, all our events will be co-hosted by NAA’s or Global Clubs by partnering with Alumni sector leaders, students and faculties. 

A special thanks to those who have already expressed their interest and support, and those who have offered to volunteer. We encourage all of you to be in touch with us and submit feedback and suggestions.

One community many voices, more updates coming soon! 

We look forward to engaging with you and seeing you in our events and initiatives.

Sincerely,

On behalf of the INSEAD Alumni Energy Global Club Board