Cloud Benefits in the Energy and Utility Industry

Cloud Benefits in the Energy and Utility Industry

A report issued in June 2011 by the Carbon Disclosure Project and supported by AT&T discovered that companies which embrace cloud computing technologies can reduce energy consumption, lower their carbon emissions, and decrease their capital expenditure on IT resources while improving operational efficiency. By 2020, the same group estimates that large US companies using cloud can achieve annual energy savings of $12.3 billion and annual carbon reductions equivalent to 200 million barrels of oil.

In addition to environmental benefits, the energy industry is fostered to adopt the technology in order to reduce costs, enhance efficiency, and help address growing oil and power needs, such as increasing amounts of data, real time access to data, or integration and standardization of IT operations.

Cloud computing offerings are used today by major energy companies. Accenture’s “Six questions every executive in the energy should ask about cloud computing” includes practical examples of how energy companies adopted cloud computing to support and enable new services. The multinational oil and gas corporation ExxonMobil Upstream Services built a cloud-based infrastructure service with IceWeb to deliver geo-imagery to land exploration workers, irrespective of their location, while Atmos Energy Corporation, the American distributor of natural gas, deployed Salesforce.com to assimilate acquired utility assets and consolidate operations spread across six business units.

A representative example of cloud’s benefits is Digital Oilfields, which developed a cloud-based infrastructure to remotely deliver services to their customers. It is pretty clear that the storing location of applications and data is now less important than how the data is used. Cloud computing can connect oil teams from around the world, enabling them to share information instantly and expedite the development process.

Considering the studies’ predictions, I believe the new cloud business model for the energy industry enables energy exploration and production through evolved next generation applications and decision support tools, while IT concerns become a utility which can be used according to one’s needs without the burdensome of ownership.

The benefits of adopting cloud in the utility and energy industry don’t differ too much. Besides cost, flexibility, and speed, which translates into more agile and responsive services, the main benefit for the utility industry is the global entry of smart grid and advanced metering infrastructure into utility operating models.

You can find more information on this topic in Accenture’s insight.

By Rick Blaisdell/RicksCloud

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!
FacebookTwitterLinkedInGoogle+Share

Sorry, comments are closed for this post.

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Advertising Programs

Click To Find Out!

Sponsored Posts

Sponsored Posts

CloudTweaks has enjoyed a great relationship with many businesses, influencers and readers over the years, and it is one that we are interested in continuing. When we meet up with prospective clients, our intent is to establish a more solid relationship in which our clients invest in a campaign that consists of a number of

Popular

Top Viral Impact

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery

Cloud Infographic – The Power Of Cloud Disaster Recovery Preventing a Cloud Disaster is one thing. Recovering from a disaster is a whole other area of concern. Today’s infographic provided by CloudVelox outlines some best practices and safeguards in order to help your business make more informed decisions. About Latest Posts Follow Us!CloudTweaksEstablished in 2009,

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery  Business downtime can be detrimental without a proper disaster recovery plan in place. Only 6% of businesses that experience downtime without a plan will survive long term. Less than half of all businesses that experience a disaster are likely to reopen their doors. There are many causes of data loss and

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow

Cloud Infographic: The Education Of Tomorrow  Online Education is a very exciting topic for many as it opens up many new doors and opportunities. We’ve touched on areas such as Massive Open Online Sources (MOOC) which provides tremendous levels of cloud based interconnectivity. We’ve taken a look into higher education,  the increased demand for online courses as well as

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.

Whitepapers

Top Research Assets

HP OpenStack® Technology Breaking the Enterprise Barrier

HP OpenStack® Technology Breaking the Enterprise Barrier

Explore how cloud computing is a solution to the problems facing data centers today and highlights the cutting-edge technology (including OpenStack cloud computing) that HP is bringing to the current stage. If you are a CTO, data center administrator, systems architect, or an IT professional looking for an enterprise-grade, hybrid delivery cloud computing solution that’s open,

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security Cloud applications are a priority for every business – the technology is flexible, easy-to-use, and offers compelling economic benefits to the enterprise. The challenge is that cloud applications increase the potential for corporate data to leak, raising compliance and security concerns for IT. A primary security concern facing organizations moving