Energy Cloud -The Next Big Wave in Industry and Technology Disruption
SAP was recognized as a leader for the 13th consecutive time in Gartner’s June 2018 Magic Quadrant for Utilities Customer Information Systems.
With over 800 utilities worldwide using the SAP Customer Relationship Management and Billing for Utilities package, SAP maintains the largest market share.
Navigant expects the Energy Cloud to create more than $1 trillion in added value (the total of investment in new technologies and assets) to the power grid by 2030. With the uncertainty that surrounds ripple effects associated with technology adoption, they deem this figure is likely a conservative estimate.
Combined with high bandwidth telecommunication infrastructure, data analytics, and machine learning, an estimated $2 trillion-$4 trillion in new industry value will be created under the DER Growth and Energy Cloud scenarios. The Energy Cloud scenario will add over $1 trillion in value by 2030.
. They attribute the Energy Cloud as primarily being fueled by multilateral efforts focused on decarbonizing the global economy in a shift towards clean, intelligent, mobile, and distributed energy ecosystem. In addition, Grid Modernization involves bringing aging infrastructure into a future-oriented clean carbon economy through leveraging emerging technologies such as 5G, EV’s, Smart Grid, DER’s, advanced analytics, and software defined storage solutions.
Digital transformation of energy resources contributes to what analysts refer to as a Circular Economy. The central pillars of circular economy strategies include the following:
Recovery and reuse • Lifetime extension • Sharing and service models • Circular design •Digital platforms. New value streams also create revenue streams when leveraged successfully.
SA Power Networks distributes electricity across a vast service area of 178,000 square kilometers for 1.7 million South Australians. SA Power Networks uses mobile technology and advanced analytics from SAP to help simplify the daily operations for over 2,000 field personnel and the office workers who support them. Real-time communications and approvals in the field create 30% gains in efficiencies and enable more effective response to emergencies such as natural disasters.
SAP and Siemens partner around meter data management to obtain new insights leveraging the possibilities of the Energy Cloud to foster innovation from technology and partnership solution enablement.
In addition to organizations deploying these solutions, residential and commercial customers’ demand for choice and control will change, too.
Where there is disruption – new technologies and a changing paradigm, there is an opportunity to engage more meaningfully, bring higher value to customers, and create new services and solutions.
Tune in –> To learn more from SAP Hybris 2018: Capitalizing on Disruption