All of our latest training and conferences, as well as featured events and events with registration ending soon! Cloud technology enables utility businesses to adapt to market conditions by featuring flexibility. However, the limitations of accessibility cast a shadow on them. Cost-effective. Today, shared public utilities give us access to clean water by simply turning on the tap; cloud computing works in a similar fashion.” That was the analogy used by Vivek Kundra, Federal Chief Information Officer (CIO) of … This course provides a guideline for the implementation of public cloud computing systems and associated software services in the context of electric utilities. A Guidehouse report shows that the global smart grid as a service (SGaaS) market, focusing on data services, cloud-based software, and fully managed services is expected to grow to $6 billion in 2025. Cloud computing is one of the best examples of a complete technology solution that has imparted a significant impact on the IT industry forever. IDC Public Cloud Forecasts, Accenture; Cloud power: Utilities industry trends; A Quick Look at Cloud Computing in Energy and Utilities: Gartner; Accenture Analysis Cloud at work The utilities we see making a bold pivot to cloud are embracing new working models, sophisticated insight tools and innovative logistics solutions. Such an approach minimizes wastage and disruptions. Cloud computing is a broader concept than utility computing and relates to the underlying architecture in which the services are designed. Finally, there’s more enforcement, larger fines and a higher, constantly shifting bar for compliance. Cloud computing can help utility firms in numerous ways, some of which are mentioned below. But other factors are also enticing utilities to cloud. 2. The principle behind utility computing is simple. Cloud computing is set to revolutionize the internet and software industry as we see it today (Coffee, Perry, Klems, Williamson, Cohen, Rushlo, Subramanian, 2008; cited in Geelan, 2008). Field services which are deployed from the clouds have the added advantage of helping the utility firms make a transformation from capital expenditure to operational expenditure. Field services are deploying advanced technological tools to detect and fix issues in real-time with minimum efforts. This session will provide an overview of the uses of cloud computing for electric utilities and provide a status report on cloud computing adoption within the industry. This eliminates the problem of IT systems overload or over-provisioning. No matter which segment of the industry you are associated with, cloud technology is playing the part of a critical enabler boosting the next Industrial Revolution, by offering the means for businesses to innovate around these technologies. Cloud Computing Revenue Is Rising. Cloud technology reduces these issues as resources can be obtained faster and easily, passing the cost of fixing or replacing equipment to the vendors. This course will provide attendees an opportunity to: EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). Cloud-hosting will become much cheaper than the traditional hosting. Cloud services provide elevated business performance due to various benefits such as agile deployment, secure & storage management, low … However, the process of analytics can prove to be very intensive and thus slow when carried out through legacy systems. With artificial intelligence and automation being integrated more frequently into industry, cloud computing is a way for businesses to readily change with the times without losing data. But there are still barriers to overcome at both the utility and regulatory level. This course will also give specific insight into economic challenges – specifically how to capitalize cloud computing infrastructure and services under the accounting rules mandated by FERC and the U.S. government. DUBLIN, July 20, 2020 /PRNewswire/ -- The "Cloud Services Market by Service Type, Cloud Type, Enterprise Size and Industry Vertical: Global Opportunity Analysis and Industry … It’s no secret that entities are facing increased pressure in the energy and utilities industry. With cloud technology, utilities can experiment and improve solutions without significant outlays of money, hence providing flexibility and agility with minimum investment. It has enabled utilities with the potential to learn from new data insights while developing more responsive outcomes and programs, and manage infrastructure more flexibly and efficiently. The automotive cloud-based solutions market is estimated to touch USD 66.95 billion revenue, at a CAGR of 19.88% by 2022. Utility customers live in a seamlessly digital world and expect value from every interaction. Cloud infrastructure spending surpassed $80 billion in 2018. Cloud computing offerings are used today by major energy companies. Cloud computing has already provided many financial and social benefits to millions of commercial and government entities and has potential to provide many benefits to electric utilities. Capital expenditure involves a lot of investment in developing fixed assets and thus, is heavy. This session will discuss how to extend your internal plan to your Cloud providers. These solutions are customizable so that companies can add capabilities and scale up any time they find the necessity to do so. It may be applied equally to utility services and internal corporate data centers, as George Gilder reported in a story for … Electric utilities must address two major sets of challenges with cloud computing implementation: cyber security and economic issues. Healthcare Cloud Computing Industry market Size by Type: It includes analysis of value, product utility, market percentage, and production market share by type. With AWS, utilities can ingest massive, complex IoT datasets, and scale to support millions of homes in a way that is more efficient, personalized, and cost-effective. Cloud computing can connect oil teams from around the world, enabling them to share information instantly and expedite the development process. Cloud Computing Technology = Enhanced Performance. Cloud Computing Technology = Enhanced Performance A new wave of cloud based technology usage will drive higher performance in the utility industry. Over the last several months the prevalence of cloud computing has increased at utilities. Benefits of cloud computing for the insurance industry. The adoption of cloud technology has drastically increased with utilities facing increased disruption in today’s age. Technology-averse energy & utilities companies are about to embrace the power of cloud computing technology, say many leading experts. Ken was the U.S. national country representative on the International Electrotechnical Commission (IEC) Standards Management Board (SMB) Smart Grid (SG) #3. The global cloud computing market is expected to reach $623.3 billion by 2023. Cloud computing has emerged as an important component in higher education. Attendees will gain knowledge of best practices for additional utility specific cloud computing challenges, including: Attend this course for complete coverage of key processes for a highly successful implementation of cloud computing services at an electric utility. Sources say that the utility sector will invest more than $4 billion in public cloud solutions in the coming days. Cloud computing is one of the major technological forces reshaping the auto industry landscape. Power production and distribution facilities are massive and complicated. Cloud-hosting will become much cheaper than the traditional hosting. 6. “Almost every person in the United States uses the cloud in some way although most do not know it,” according to a white paperco-authored by ICC Chair Sheahan. From a practitioner standpoint: "Cloud computing is on-demand access to virtualized IT resources that are housed outside of your own data center, shared by others, simple to use, paid … The organization’s digital footprint increases in real-time, creating more excellent business efficiencies. Cloud computing demands transfer of data from IoT devices and platform to the cloud prior to a localized action or derivation of useful insights. Cloud technology scales with businesses, spinning up new servers in minutes. He also served in senior leadership technology roles at McKesson, Thermo Scientific, Microsoft, Web-Tv. EUCI6400 S. Fiddlers Green Cir., Suite 1620Greenwood Village, CO 801111.303.770.8800 | [email protected], Leaders in providing first-class education and training for the global energy and infrastructure industries, Serving the energy industry for over 30 years, Including rates, rate cases, risk and how utilities can best manage their assets, Including HR, customer service, marketing and communications, Including fossil fuels, renewables, and nuclear power, Introductory courses for all facets of the electrical energy industry, Including energy trading, hedging strategies and more, Including safety, NERC and FERC compliance, environmental rules and regulatory updates, Including smart grid, demand response, safety, siting and substations, Customer facing and backend technology including cybersecurity, AI and data analytics. He is also Chief Technical Consultant and Software developer for Light the World – a non-profit organization developing low cost DC microgrids for Third World customers who do not have electricity. (Source: Canalys) Utilities, on average, spend $624 million on IT infrastructure. Cloud computing is set to revolutionize the internet and software industry as we see it today (Coffee, Perry, Klems, Williamson, Cohen, Rushlo, Subramanian, 2008; cited in Geelan, 2008). Cloud computing has progressed from being a sheer data storage solution to extremely complex system, enabling efficient data and resource management, workforce management, scalable services, security, flexibility, mobility to access information over the internet, and manage operational expenses. When Zpryme explored perspectives on Cloud computing in 2016, there was a general recognition across the industry that it presented a great opportunity for utilities to manage data, but there were barriers to overcome at both the utility and regulatory level. Electric utilities must have plans in place for uncertainties in the following areas: Ken has over 40 years’ experience in the electric utility automation field. Together, respondents contributed a unique insight into the state of cloud technology adoption in their organisations – an insight that began with an evaluation of the present state of cloud technology in utilities. The technology has the potential to enhance business performance in many ways beyond cost mitigation. As cloud computing continues to permeate the utilities industry, managing organizational change will be more important than ever. By Type: by Deployment (Public Cloud, Private Cloud, Hybrid Cloud) by Product (IaaS, PaaS, SaaS) by Organization (Small, Medium, Large) by Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics, Others) By Application: Cloud computing has transformed the functioning of multiple industries driving innovation and growing the pace of business continuity. By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. 2. When the field services that enable data analytics are from cloud platforms, there are fewer lags. In this training we will cover the specific challenges of NERC CIP-0113.1. In Accenture's experience, moving to cloud could potentially help shave between $70 million and $168 million off that spend. Utilities have changed the business models entirely by embracing cloud solutions. Ken is also leading the IEC SMB SG#3 Architecture Task Team developing a database linking Smart Grid business and architectural requirements to IEC standards. Jeff St. John February 08, 2017 X Competition is strong. It ensures that identification, infrastructure, data, and devices are secure from any malicious attack. Has unprecedented compute, cloud computing in utilities industry and much more potent as collaborations, communications, and engage customers a. More enforcement, larger fines and a higher, constantly shifting bar for.... Of data from IoT devices and platform to the cloud prior to a extent. Ba Akyol September 2012 the power system is mission-critical for today ’ s age the industry. Looking for opportunities to imbibe them companies the power and utility companies that embrace cloud technologies better. Faced with challenges old and new – the regulatory landscape and new drivers. 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