Even today, field workers do a significant portion of this work manually, adding unnecessary time and cost to the work. Managing and Maintaining aging assets in an asset-heavy industry (the utility) takes a lot of time and money. Intelligent grids demand vast and reliable computing power, increasing the need for cloud adoption. This requires utilities to manage a sophisticated grid management solution to monitor, capture, and process real-time data from millions of devices. In some cases, many share excess electricity back to the utilities or amongst each other. Today millions of consumers are figuring out ways to consume less from the grid by adopting different ways to generate electricity on their own, including the adoption of solar panels and batteries. Complex forecasting demands a flexible and scalable computing power, accelerating the need for cloud computing for utilities. Changing energy consumption patterns and increased customer expectations make it complex to manage supply, demand, and planning of services. Energy TransitionĪs the world goes through a large transition in energy, the utility industry becomes the center of attention for this seismic change. They expect utilities to provide a higher level of security and personalization as they are enjoying from other industries, including banking, retail, etc. After all, a utility provides a service to its customers, and they are looking for more information about their utility usage and bill and how they can lessen its impact. In this digital world, customers demand greater control over their information regardless of the industry. While North American utilities have been reluctant to adopt cloud computing due to certain challenges, some factors are accelerating cloud adoption for them. What are the Factors Accelerating Cloud Adoption for North American Utilities? Let’s talk about what role cloud computing plays for North American utilities. Post COVID-19, cloud computing has proved to be transformational and disruptive for utilities, offering them security, reliability, and improved scalability. Many utilities have already migrated to the cloud by adopting infrastructure and software solutions. With the rise in cloud adoption among different industries, the utility industry is also advancing toward cloud computing services. In this article, we will discuss cloud computing for North American Utilities, the challenges faced by them, and how they can benefit from cloud computing. While different industries are leveraging cloud services to transform their business models, utilities have also found ways to integrate this technology for the betterment of their industry while adapting to new challenges. Among all the countries that have adopted the cloud, the US rules the world with an estimated $206.1 billion in revenue earned through cloud computing services in 2022. It not only provides potential cost savings, but also limitless data access and exceptional computation power. Over the years, many industries have adopted cloud computing.
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