National Grid: LEF gives us a forward industry perspective
The National Grid is an energy utility business dealing mostly in the transmission and distribution of gas and electricity, both in the UK and the Eastern Seaboard of the US.
We have about 27,000 employees across the US and UK split roughly 50/50. We make about £3 billion profit per annum, and the IT spend per annum is about 1 billion over a 5 year period.
I think the Leading Edge Forum's interesting because unlike many of the other research agencies it gives a much more forward looking perspective on trends that are really going to impact industry.
Very much what we see through other research agencies is very much in the here and now, and it's very product-centric and therefore very much lagging and therefore it doesn’t really inform us of the issues that we're going to need to grapple with in a timely way that allows us to then be able then respond.