Energy and Utility Sector embracing Cloud Computing: The Transformation Journey | HCL Blogs

Energy and Utility Sector embracing Cloud Computing: The Transformation Journey

Energy and Utility Sector embracing Cloud Computing: The Transformation Journey
November 28, 2018

The energy and utilities industry for several decades has been performing the stereotypes, thereby, has had little to do with strategies of winning over competition and customers. Everyone is vocal about the challenges which we are conscious about; however, none exchange a thought and ponder about the seamless answers to it.

Today, people in the energy industry are seeking solutions for not just providing renewable and nonrenewable resources, but evolving and focusing on the thoughts of the patrons. The energy and utility industry wants to expand horizons across geographies quickly and cost efficiently. Swift solutions post integration in existing and new collaborations are required. Quick service renewal and hassle-free experiences for consumers are what establishments are thriving for. An Increasing competitive market conditions act as a threat for utility industry to move towards a more digital world and more towards the world of Cloud Computing.

Companies are on the lookout for answers which benefit them in:

  • Optimizing process efficiency
  • Agility to align themselves more closely to customer needs
  • Reduced cycle time to market
  • Increased integration of resources and lower operational costs
  • Implementing operational technology
  • Expanding market share and growing revenues
  • Decrease in aging workforce
  • Smart grid system and advanced infrastructure

You may be speculating that information technology has always been a fundamental part of the energy and utility industry from its foundation. 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. To all the abovementioned perspectives, there has been no secret of how cloud computing can be the need of the hour.

Cloud computing has progressed from being a sheer data storage solution to an extremely complex system enabling efficient data and resource management.

Let me direct you to the cloud business model setup that may help your company in the following ways:

Any organization before adopting the cloud model:

  1. Must access its readiness to be able to adapt to the new technology
  2. Define a roadmap for the transformation journey
  3. Expand their scope, thereby, improving on business opportunities at each stage

Cloud Model Setup Uses:

  • Infrastructures- as -a-Service (IaaS): This helps in web based access to storage and network however the deployed applications and security will be managed by the company. This helps reduce support costs and network-related concerns/issues, as ownership lies with the vendors.
  • Platform-as-a-Service: To use standardized platforms to help reduce support costs to be able to measure and migrate custom applications quickly.
  • Software-as-a-Service(SaaS): Helps in accessing applications managed from various client devices through client interfaces such as a web browser.

    With SaaS, organizations can leverage ready-to-use solutions, hence reducing IT development and maintenance costs for higher quality.

Contemplate public, private, and hybrid cloud selections— Position the right capacities for the appropriate cloud solution while balancing and managing risks

  • Going public gives the company the advantage of infinite scalability with regard to size of the cloud.
  • Going Private gives more safety thereby lowering security risks, however private IT infrastructure is achieved entirely in the company’s sphere
  • Going hybrid gives the organization flexibility to secure and scale. Thus, we have scalable, outsourceable, and cost-efficient public cloud with security limitations of private system.

Change is the new constant but for the energy and utility industry, frequent changes are unviable. The energy industry moves at its own pace, considering various rules, terms, and regulations imposed and carried by the government and regulatory bodies. This is because this sector is unusually large, diverse, and complex. It takes a lot of time to move a new energy technology from one state to another, as it involves huge change and major impacts. And this is the reason why many of the IT companies grapple to replace legacy work and datacentres with cloud services.

But there is fresh momentum now. There has been a rise in the past decade in the adoption of cloud computing. Many of the IT companies that are managing infrastructure maintenance services (IMS), applications, or offering customer support are getting impacted. Establishing datacenters is no longer important as most of the energy and utility industry take a step toward cloud services. As for HCL Technologies, this key revolution has been considered as an opportunity to help customers move to the cloud.

HCL has established a well-defined framework from the best practices around the globe, driving some of the best solutions for its customers on cloud computing.

Cloud consulting services, cloud-native applications, SaaS, and cloud platform services, as provided by HCL, are enriching its customers.

The rich knowledge of applications and migrations, collaborations between cloud and migration teams, and architecture reference in building cloud setup is differentiating HCL from its various competitors thereby giving reasons to Fortune 1000 companies in energy and utility sector to build their transformation journey with HCL.

What do you think is the future of cloud computing in the energy and utility industry?

Cloud computing is relatively at the early stage of adoption for many of the companies as a lot more understanding and consultation is required on what to move and what not to move on the cloud. But with successful case studies from around the world, it is a new wave throughout and organizations will soon be at ease with the cloud and its usage.

So, for all you IT professionals there, it’s time to expand your horizons and be a constructive participant in the transformational journey of cloud computing.