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!

Sorry, comments are closed for this post.


CloudTweaks Sponsors - Find out more!


Popular

Top Viral Impact

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs SMEs (Small/Medium Sized Enterprises) make up the bulk of businesses today. Most cloud based applications created today are geared toward the SME market. Accounting, Storage, Backup services are just a few of them. According to the European Commission, cloud based technology could help 80% of organisations reduce costs by…

Cloud Infographic: Cloud Computing Growth

Cloud Infographic: Cloud Computing Growth

An excellent infographic provided by AwesomeCloud which predicts a continued high level of growth in the cloud computing industry. Potentially staggering numbers for Public Cloud IT Services of $100 Billion by 2016. Infographic Source: AwesomeCloud About Latest Posts Follow Us!CloudTweaksEstablished in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the…

5 Considerations You Need To Review Before Investing In Data Analytics

5 Considerations You Need To Review Before Investing In Data Analytics

Review Before Investing In Data Analytics Big data, when handled properly, can lead to big change. Companies in a wide variety of industries are partnering with data analytics companies to increase operational efficiency and make evidence-based business decisions. From Kraft Foods using business intelligence (BI) to cut customer satisfaction analysis time in half, to a…

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: Most Used Cloud Apps

Cloud Infographic: Most Used Cloud Apps

Cloud app and analytics company, Netskope released its quarterly Cloud Report. The new report reveals that enterprise employees are using an average of 397 different cloud apps (most of which are unsanctioned), when IT estimated they have 40-50 — that’s a tenfold underestimation. Below is an infographic provided courtesy of the group at Netskope which goes into further detail.…


Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021
contact@cloudtweaks.com

Join our newsletter