PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1158457
PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1158457
The design architectures and delivery models for energy software have undergone a series of evolutions over the last decade. The development of more modular, open, and flexible solutions has been underpinned by an equally pivotal shift around the use of cloud and software as a service (SaaS) models. In the past, all data was centrally stored and processed in an on-premise data center, and utilities used their own staff to perform related business processes. In recent years, driven by the imperative to reduce business costs, many utilities have transitioned to more flexible, cloud-based architectures and delivery models.
While utilities' adoption of cloud and SaaS has historically trailed other industries, the past decade has seen a transformational shift in energy providers' willingness to explore and invest in cloud technologies. Utilities are awakening to the multi-pronged benefits that these models can deliver, from improvements in scalability and elasticity to more seamless upgrade procedures that ensure customers always have access to the latest and greatest features and functionality. The barriers around perceived cybersecurity concerns and outdated regulatory frameworks are quickly eroding as utilities, regulators, and customers realize the differentiated value that cloud and SaaS models can deliver.
In an industry where the concept of putting data analytics or back-office IT systems in the cloud was almost unheard of just a decade ago, and in a world where industries like banking, healthcare, and insurance are eons ahead in adopting cloud and SaaS models, energy providers' migration toward end-to-end, cloud-based portfolios may come to fruition.
Key Cloud Market & Technology Trends
State Actions on Cloud for Utilities