Utility firms face revenue decline as customers shift behavior in 4th industrial revolution
The article discusses how customer behavior impacts utility firms' revenue in the era of the fourth industrial revolution. The researchers created a model to estimate the number of customers who might disconnect from the grid. They tested the model using households in South Africa and found that factors like administration and technological advancement significantly affect revenue. For example, when the administrative factor increased, fewer households disconnected, leading to a revenue increase. The model can help utility firms make better decisions.