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On the other hand, operational expenditure is an ongoing cost that does not burn a hole in a company’s pocket. An agile business keeps tabs on all essential operations and compares them to the industry standards as they develop. Prior to VNC, Surj had worldwide responsibility at Sabre as the SVP of Product Development / Chief Technology Officer leading the design, development, operations and delivery of Airline Solution’s product portfolios. DUBLIN, July 20, 2020 /PRNewswire/ -- The "Cloud Services Market by Service Type, Cloud Type, Enterprise Size and Industry Vertical: Global Opportunity Analysis and Industry … Through data analytics, companies can study trends and make intelligent business decisions. Much like the services the utility industry provides, public cloud IT infrastructure is more reliable, provides faster time to innovation, and costs less—and key to utility efficiency. Cloud computing can help utility firms in numerous ways, some of which are mentioned below. Cloud offers multiple areas of application for insurers, which includes business applications across … Moving to cloud services is the best and most cost-efficient means to modernize a business. These solutions are customizable so that companies can add capabilities and scale up any time they find the necessity to do so. It’s no secret that entities are facing increased pressure in the energy and utilitiesindustry. 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. Coordinating various parallel workflows in the dynamic energy production units becomes significantly simpler with the real-time abilities that cloud technologies bring. Cloudtweaks. Within this session, instructors will detail likely barriers for electric utility adoption: This session will go into depth on further challenges of cloud computing adoption. Cloud technology is playing a significant role in utilities as it empowers businesses to deliver solutions and services at a rapid pace with efficiency. Cloud has introduced extraordinary opportunities for utilities to transform how they grow and monetize assets, serve customers with novel offerings, and scale their business. One is Southern California Edison’… Operations are increasingly complex. As cloud computing continues to permeate the utilities industry, managing organizational change will be more important than ever. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard. Industry 4.0. Cloud Adoption Unleashes Greater Value for Power and Utility Companies The power and utility industry is undergoing a digital transformation. The phase of transformation is at its peak as companies in the sector look to optimize production and delivery with the help of the technology-backed solution. Utilities have changed the business models entirely by embracing cloud solutions. John Parker Boland, Level One, President 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. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor. Power production companies can ease spending by opting for as-a-service products offered by several providers. And that’s before they shell out for games! It ensures that identification, infrastructure, data, and devices are secure from any malicious attack. 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. Introduction“There was a time when every household, town, farm or village had its own water well. He was responsible for the high-level architectural design for GE’s Smart Grid System offering. Panel Discussions and PowerPoint presentations will be used in the program. It has allowed flexibility for employees to work anywhere using any device. Cloud technology can provide a competitive edge to an industry where business models are changing. Cloud Computing Outlook is a leading print magazine that provides the latest trends and technology news in Cloud Computing, also shares top Cloud Computing Solution Providers. Please Note: This event is being conducted entirely online. It’s no secret that entities are facing increased pressure in the energy and utilities industry. A new wave of cloud based technology usage will drive higher performance in the utility industry. “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. 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). The cloud’s on-demand computing and standardized tools make it simpler for utilities to run their operations without having to devote resources to building and maintaining IT hardware and software. Good thing, since their market will be more dynamic than most in the years to come However, one tech advance— cloud computing for electric utilities —has been slow to catch on within the industry. Increasing security, cloud technology has upgraded the features while monitoring threats continually, empowering utilities to a great extent. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. The rush to cloud computing by the likes of Amazon, Google and Netflix demonstrates the sound economics and reliability of the cloud, the paper argues, “but it remains to be seen whether the utility industry will follow suit.” Sheahan’s white paper highlighted a number of utilities leading the way on cloud computing. (Source: Canalys) 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: Across the From storage to processing to data analytics, everything becomes much more convenient on a cloud-based platform. Inquire About In-House Training, Identify the benefits of cloud computing as it relates to electric utilities, Explore the applicable uses of cloud computing in the electric utility space, Discuss challenges of cloud computing adoption, Identify best practices for cyber security challenges, Recognize and prepare for regulatory standards, Ascertain and anticipate operational red flags, Demonstrate best practices for fail-over and storage, Defining confidentiality in the cloud computing context, The specific challenges of NERC CIP-0113.1, Best practices and provisions to meet standards, Navigating accounting rules mandated by FERC. Benefits of cloud computing for the insurance industry. If you are using a microphone, please ensure that it is muted until such time as you need to ask a question. 2. A significant aspect that most insurance companies worry about is their regular business expenses. 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. Including all back-office functions such as project management, HR and maangement, Introductory courses for all facets of the water and wastewater industry, Including rates, finance and accounting courses and conferences, Including the latest city, state and federal regulations affecting the water industry, Including topics specific to the wastewater industry, Including topics specific to municipal and regional water utilities, Can't Travel? Over the past 36 months the prevalence of Cloud systems has increased at utilities, and the landscape is shifting. Sources say that the utility sector will invest more than $4 billion in public cloud solutions in the coming days. 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. Future of Cloud Computing. Instructors will cover several accounting options and the pros and cons of each solution. Cloud computing growth is inevitable. 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. This eliminates the problem of IT systems overload or over-provisioning. In India, for instance, seven higher education institutes have incorporated cloud computing content from Amazon Web Services (AWS) into their IT syllabus to help the engineering students familiarize themselves with the world of cloud computing. 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. Underlining the main elements of the Government Cloud Computing market report: In-depth analysis of the geographical landscape of Government Cloud Computing market: The report broadly describes, the regional scenario of this industry, while categorizing the same into North America, Europe, China, Japan, Southeast Asia and India. Companies that are expanding at a rapid pace have realized the pain of increased expenses, as new hardware and software purchases can be expensive. 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. Gamers often struggle with the high cost of equipment as an initial outlay for their gaming experience. EUCI is authorized by IACET to offer 0.6 CEUs for this event. First and foremost, cloud can help them get lean. Cloud computing can connect oil teams from around the world, enabling them to share information instantly and expedite the development process. LONDON--(BUSINESS WIRE)--The healthcare cloud computing market is poised to grow by USD 25.54 bn during 2020-2024 progressing at a CAGR … Cloud offers multiple areas of application for insurers, which includes business applications across … 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. 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. This model is based on that used by conventional utilities such as telephone services, electricity and gas. For details please see our FAQ, If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event, 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. When the capabilities of cloud computing are added to field service, utility firms are in the best possible positions to undertake targeted development. Smaller utilities and municipalities, who traditionally own little of their own infrastructure (which, coincidentally, is the exact same model as cloud computing), are solid candidates for a public cloud deployment due to fewer bureaucratic or regulatory hurdles to clear, reduced implementation cost, and speedier time to deploy. Cloud computing has been the anchor technology that is inducing changes and motivating argent innovations in the Indian IT industry. The browsing software and … Learn how some utilities are already reaping the benefits. It may be applied equally to utility services and internal corporate data centers, as George Gilder reported in a story for … 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). Moreover, it categorizes the global Cloud Computing in Industrial IoTmarket by key players, product type, applications and regions,etc. Including accounting, HR, project management etc. Passionate for solving complex challenges, Kristin repetitively brings solutions to reality for the customer resulting in measurable business value by bringing forward best practices to create relevant and sustainable solutions. Cloud tech has unprecedented compute, storage and networking capabilities. Healthcare Cloud Computing Industry market Size by Type: It includes analysis of value, product utility, market percentage, and production market share by type. 2. Anthony is a mission driven growth technology leader with over 35 years’ experience in a broad array of industries including energy, security systems, manufacturing, information technology, and electronics software systems. Cloud Computing Revenue Is Rising. The automotive cloud-based solutions market is estimated to touch USD 66.95 billion revenue, at a CAGR of 19.88% by 2022. The adoption of cloud technology has drastically increased with utilities facing increased disruption in today’s age. Over the last several months the prevalence of cloud computing has increased at utilities. Building a Business Case for Cloud Solutions at Orlando Utilities Commission. With big growth comes big investment. F rom a corporate perspective, few IT developments have been as transformative as cloud computing. It is really a useful site for people who really want to be updated with cloud computing technologies and its happenings in the industry. Cloud computing in the hospitality industry is transforming the customer experience at all levels of the value chain and turning possible into actual. 5 Reason Why Utilities Are Switching To The Cloud. Often key contacts for flexibility programs are heads of innovation departments. In obtaining this accreditation, EUCI has demonstrated that it  complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. • Optimized IT Infrastructure Power production and … 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. Driving this evolution are the growing opportunities that exist to harness data and analytics to drive better business decisions and outcomes with an emphasis on delivering the best customer experience. Including refining, petrochemicals and storage, Including topics specific to gas-powered electricity generation, Introductory courses for all facets of the oil and natural gas industry, Including pipelines, LNG and transportation, Including cyber security, mapping and surveying, and recent tech trends, Including exploration, production, drilling and geology, Including accounting, finance, HR and management, Including smart citites, city planning, and other city specific infrastructure, Including contracting, budgeting and project management, Including design, best practices and new trends in data centers, Introductory courses for all facets of the infrastructure industry, Including new and existing regulation and government issues related to infrastructure, Introductory courses for all facets of the telecommunications industry, Including the latest city, state and federal regulations and policies affecting the telecomm industry. As Cloud continues to be adopted in the utility industry, utilities must adapt their new service providers to their existing Cybersecurity plans. This course provides a guideline for the implementation of public cloud computing systems and associated software services in the context of electric utilities. Here’s why. AWS gives power and utilities companies the foundation to focus on delivering the best customer experience, to achieve operational and cost efficiencies while meeting demand securely and reliably, the flexibility to evolve their business model and innovate in a rapidly changing industry, and the critical business insights to transform the industry. The global cloud computing market is forecast exceed $350 billion this year. However, it is not always possible to prevent breakdowns and outages. 6. When the field services that enable data analytics are from cloud platforms, there are fewer lags. Avoiding blackouts and ensuring the reliability of the power system is mission-critical for today’s regulated electric, nuclear and other power entities. Moving to cloud technology saves utility businesses significant hardware and software purchasing costs. 1.1 Cyber Security Challenges in Using Cloud Computing in the Electric Utility Industry BA Akyol September 2012 Prepared for the U.S. Department of Energy under Contract DE-AC05-76RL01830 Pacific Northwest National Laboratory Richland, Washington 99352 . Industry backboned by the cloud … It creates efficiencies, delivers powerful insights, and enables new, agile business models across the … The overhead costs of proprietary infrastructure can be eliminated to a considerable extent. Cloud computing enables the field services to handle crucial situations better by improving the reaction time. Cloud-hosting will become much cheaper than the traditional hosting. How Cloud Computing took over the Gaming Industry? The organization’s digital footprint increases in real-time, creating more excellent business efficiencies. Utility companies that embrace cloud technologies are better prepared to respond to modern customer expectations, technological innovation, and new regulatory drivers. Cloud-hosting will become much cheaper than the traditional hosting. Ken is also responsible for developing requirements and working with external system integrators to provide interoperability between utility real time network operational systems and IT based enterprise systems. We use cookies during the registration process and to remember member settings. Do You Really Want Personalization Technology? The Essentials of an Agile Enterprise. 5. Utility customers live in a seamlessly digital world and expect value from every interaction. This session will discuss how to extend your internal plan to your Cloud providers. Cloud technology has transformed multiple businesses at a revolutionary rate with new compliances and modifications. Role of Cloud Computing in Boosting Industrial Revolution 4.0. All of our latest training and conferences, as well as featured events and events with registration ending soon! Cloud computing is one of the best examples of a complete technology solution that has imparted a significant impact on the IT industry forever. It is easy to balance down by using virtual machines. Capital expenditure involves a lot of investment in developing fixed assets and thus, is heavy. 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. For example, where we have seen utilities thrive is when regulators require utilities to invest in research and development. There are several reasons why utilities should move towards the cloud. You will need to join the appropriate meeting at the appropriate time. This is a 18% rise since 2018 and the impressive CAGR is bound to continue. 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 already provided many financial and social benefits to millions of commercial and government entities and has potential to provide many benefits to electric utilities. The SMB SG#3 was responsible for the recommendation of existing standards to be used in Smart Grid projects, identifying gaps in existing standards and identifying new standards required to fully allow interoperability amongst vendor products. Cloud technology reduces these issues as resources can be obtained faster and easily, passing the cost of fixing or replacing equipment to the vendors. Cloud computing has emerged as an important component in higher education. The utility industry is on the brink of modernization. The use of cloud computing in the construction industry is quickly becoming the new standard because of the benefits it can provide businesses. 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 the United States Government to depict the use of cloud computing in today’s society. The cloud’s on-demand computing and standardized tools make it simpler for utilities to run their operations without having to devote resources to building and maintaining IT hardware and software. Cloud computing is a broader concept than utility computing and relates to the underlying architecture in which the services are designed. Technology-averse energy & utilities companies are about to embrace the power of cloud computing technology, say many leading experts. It doesn’t require upfront investment and one needs to pay for only what they use. Cloud technology offers versatility with scalable solutions, exceptional computation power, virtually limitless data access, and potential cost savings, helping utilities in their operations. 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. 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. We will be using Microsoft Teams to facilitate your participation in the upcoming event. Competition is strong. From acquiring hardware to recruiting the appropriate skill-sets, firms have to do it all. The evolution of the utility industry is real – and though the pace of change and the benefits may be overhyped, we are on an irreversible path towards a more customer-centric, flexible energy system. 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. 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. Cost-effective. 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 cloud-based field services provide all the tools and expertise that the firms need in a flexible and scalable manner. Cloud technology enables utility businesses to adapt to market conditions by featuring flexibility. Cloud computing also falls out of the realm of utilities’ core functions. Power production and distribution facilities are massive and complicated. With the cloud, the field services grow much more potent as collaborations, communications, and information exchange become seamless. Ken was the U.S. national country representative on the International Electrotechnical Commission (IEC) Standards Management Board (SMB) Smart Grid (SG) #3. As the industry transforms into digital models, the requirement of IT infrastructure is also growing complex by the day. Field services now present the best opportunities for utilities to enable rapid development in power production, reliability, maintenance, and controls. Much like the services the utility industry provides, public cloud IT infrastructure is more reliable, provides faster time to innovation, and costs less–and key to utility efficiency. Suri is a business focused executive with 30 years of extensive global leadership experience in product strategy, design, and innovative technologies in business-to-business and consumer spaces. 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. Every system and employee can gain access to centralized solutions and data when they are stored in the cloud. Cloud Computing Technology = Enhanced Performance A new wave of cloud based technology usage will drive higher performance in the utility industry. Apart from adapting to external situations, this virtual solution also facilitates quick responses to internal requirements. The electric power industry has often been a first-mover in adopting new technologies before other industries move forward with implementation. Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

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