Recent problems experienced with Ransomware are evident from infections, which have occurred in 99 countries including China and Russia. The organization that was worst hit by the attack was the National Health Service in England. It was reported that there was a WannaCry programme that demanded...

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

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in cloud connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as technology related infographics and comics.


Exclusive: T-Mobile, Sprint close to agreeing deal terms – Sources

By CloudBuzz | September 22, 2017

(Reuters) – T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with peer Sprint Corp (S.N), people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest…

Hack of U.S. securities regulator rattles investors, stirs doubts

By CloudBuzz | September 21, 2017

WASHINGTON/NEW YORK (Reuters) – Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the…

Leaking Cloud Databases and Servers Expose Over 1 Billion Records

By CloudBuzz | September 21, 2017

Servers Expose Over 1 Billion Records As The Wall Street Journal recently pointed out, some clients of cloud service providers such as Amazon and Microsoft are accidentally leaving their cloud databases exposed due to misconfigurations of their services. Coupled with recent headline-making…

Thales Joins the Microsoft Enterprise Cloud Alliance

By CloudBuzz | September 21, 2017

SAN JOSE, Calif., Sept. 21, 2017 /PRNewswire/ — Thales, a leader in critical information systems, cybersecurity and data security, is now a member of the Microsoft Enterprise Cloud Alliance (ECA). Designed to foster innovation and promote awareness of partner solutions, the ECA membership…

Addressing the UK NCSC’s Cloud Security Principles

By CloudBuzz | September 20, 2017

As your organization adopts more cloud services, it’s essential to get a clear picture of how sensitive data will be protected. Many authorities, from government regulators, to industry standards bodies and consortia, have provided guidance on how to evaluate cloud…

RiskVision Named 2017 Cybersecurity Breakthrough Awards Winner

By CloudBuzz | September 20, 2017

RiskVision Named 2017 Cybersecurity Breakthrough Awards Winner for Enterprise Risk Management (ERM) Software of the Year SUNNYVALE, CA–(Marketwired – Sep 20, 2017) – RiskVision, the enterprise risk intelligence company formerly known as Agiliance, today announced that the RiskVision platform has…