However, it is not always possible to prevent breakdowns and outages. LP INFORMATION recently released a research report on the Cloud Computing in Industrial IoT market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. However, one tech advance— cloud computing for electric utilities —has been slow to catch on within the industry. Following are the list of blogs and websites to keep yourself updated about the happenings of cloud computing in the IT industry. Cloud computing helps business in all industries adapt to today’s rapidly changing technology. 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. Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit. It seems like cloud computing revenue is going to shoot through the roof in 2020. In Accenture's experience, moving to cloud could potentially help shave between $70 million and $168 million off that spend. Gamers often struggle with the high cost of equipment as an initial outlay for their gaming experience. He was the former Chief Technology Officer at GE Energy and is a world-wide respected technologist with deep knowledge in industrial and enterprise software systems, SaaS/PaaS/IaaS, IoT, artificial intelligence, and cloud technologies. Capital expenditure involves a lot of investment in developing fixed assets and thus, is heavy. 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. Before we go any further, it's important to note what the essentials of an agile enterprise are. Cloud-hosting will become much cheaper than the traditional hosting. Apart from adapting to external situations, this virtual solution also facilitates quick responses to internal requirements. As the industry transforms into digital models, the requirement of IT infrastructure is also growing complex by the day. Cloud offers multiple areas of application for insurers, which includes business applications across … It has allowed flexibility for employees to work anywhere using any device. The utility industry is on the brink of modernization. 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. New devices, data, and enabling technologies like Alexa, machine learning, and cloud-based contact centers, are allowing power and utilities companies to better understand, engage, and service customers. 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 … 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. Companies that are expanding at a rapid pace have realized the pain of increased expenses, as new hardware and software purchases can be expensive. Cloud infrastructure spending surpassed $80 billion in 2018. 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. All attendees will connect and attend from their computer, one connection per purchase. However, cloud computing can undeniably help the insurance agencies to control their costs very seamlessly. Over the past 36 months the prevalence of Cloud systems has increased at utilities, and the landscape is shifting. There are several reasons why utilities should move towards the cloud. Separate meeting invitations will be sent for the morning and afternoon sessions of the course. Cloud Tech promotes industry thought leadership content from industry brands, businesses and analysts, partnering with writers and bloggers to deliver insight and advice on cloud IT strategy to our extensive audience of CIOs and IT managers. Cloud computing can help utility firms in numerous ways, some of which are mentioned below.