The costly goldilocks approach to Energy maintenance

OpenText Information Management

For Energy companies, providing reliable and effective services depends on reliable and effective maintenance to ensure assets are — you guessed it — reliable and effective.

Information management and the energy transition

OpenText Information Management

As the new Industry Strategist for the energy industry at OpenText, I’m proud to come from a US state where the energy industry is of paramount importance. Utilities Oil & Gas Energy digital transformation Information Management utilities chemical energy transition software

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Energy industry 2021 predictions

OpenText Information Management

2020 sent shock waves across oil and gas, utilities and mining organizations, creating dramatic shifts in supply and demand, revenue streams and productivity. Mining companies, meanwhile, are … The post Energy industry 2021 predictions appeared first on OpenText Blogs.

Energy asset information deserves to be seen

OpenText Information Management

That’s how McKinsey & Company refers to the quest by energy companies to get value from digital technologies. Many organizations within the oil and gas, utility and … The post Energy asset information deserves to be seen appeared first on OpenText Blogs.

The 3-minute test for energy companies

OpenText Information Management

But in the Energy sector, we seem to … The post The 3-minute test for energy companies appeared first on OpenText Blogs. Utilities Oil & Gas Energy Content CloudIt’s been 25 years since Bill Gates declared, “Content is king.” And how right he was.

Driving operational excellence through automation in the utilities sector

DXC

At a time when energy commodity prices are at all-time lows, operational excellence has become a necessity for utilities to remain competitive. The post Driving operational excellence through automation in the utilities sector appeared first on DXC Blogs.

Driving innovation in the energy industry

OpenText Information Management

Worldwide demand for energy is growing faster than ever, leading to rapid changes in the energy industry and in the wider world beyond. PwC says the sector faces a “big change… [that] may … The post Driving innovation in the energy industry appeared first on OpenText Blogs.

Supporting the essential energy industry

OpenText Information Management

But there are some essentials that, even with all that we are … The post Supporting the essential energy industry appeared first on OpenText Blogs. Industries Utilities Oil & Gas Mobility mobile Content

From ‘ghost chasing’ to intelligent operations for energy companies

OpenText Information Management

Like every industry, the energy sectors are undertaking digital transformation. But despite years of pursuing operational excellence, many energy companies are still struggling to create an integrated and optimized environment within operations.

What’s holding back operational excellence in the utility sector?

OpenText Information Management

Once upon a time, the utility industry was a relatively simple place to be. It was all about the safe and consistent generation and distribution of energy with good capacity planning, minimal outages and happy customers. Governments and industry bodies got busy with new legislation … The post What’s holding back operational excellence in the utility sector? appeared first on OpenText Blogs.

Enterprise asset management puts focus on content for energy companies

OpenText Information Management

Assets are the lifeblood of the energy industry. As new layers of change – including deregulation, new legislation, new market entrants, new consumption patterns – impact the sector, enterprise asset management becomes key to the profitability and long-term sustainability for many oil and gas and utility companies.

Top technology predictions for the energy industry in 2020

OpenText Information Management

Uncertainty has become the new norm in the energy industry and 2020 promises more of the same. Amidst … The post Top technology predictions for the energy industry in 2020 appeared first on OpenText Blogs.

Five technology trends driving the energy sector in 2019

OpenText Information Management

In the energy sector, it’s not just change that organizations must prepare for – it’s the speed of change. By early this … The post Five technology trends driving the energy sector in 2019 appeared first on OpenText Blogs. Analytics Digital Transformation Industry 2019 trends AI Chemical Process Industry digital transformation energy industry IoT Oil and Gas OpenText operational excellence predictive maintenance Utility Industry

We need to talk about content

OpenText Information Management

Let’s start with a question: In the current focus on digital initiatives, are energy companies overlooking the importance of content? and the Industrial Internet of Things (IIoT), has become a stimulus for many … The post We need to talk about content appeared first on OpenText Blogs.

Is customer engagement the answer to the ‘existential threat’ facing Utility companies?

OpenText Information Management

Enhanced customer engagement was shown to be the top outcome that UK Utility companies looked for from their digital transformation initiatives. That’s according to research that has just been completed by Utility Week and OpenText™. This blog looks at the reason that customer engagement is so important for the industry and whether a fresh perspective … The post Is customer engagement the answer to the ‘existential threat’ facing Utility companies?

Balancing speed and stability to reinvent utility operations for the energy transition

CGI

Balancing speed and stability to reinvent utility operations for the energy transition. The COVID-19 pandemic has underscored our need for a reliable energy supply, which is something we typically take for granted. What utilities leaders can learn from retail banking successes.

Cybersecurity in utilities: Critical questions for securing distributed energy resources (DERs)

CGI

Cybersecurity in utilities: Critical questions for securing distributed energy resources (DERs). The energy transition is driving a shift toward the increasing use of distributed energy resources (DERs). DERs are smaller power-generation resources, usually located on the consumer side, that provide energy where it is needed. From a cybersecurity perspective, DERs pose new and unique challenges for utilities. Blog moderation guidelines and term of use

What does asset performance optimization mean for energy and manufacturing?

OpenText Information Management

These conversations boiled down the three core issues around asset performance: deploying digital technologies, the ‘first to be second’ approach and the … The post What does asset performance optimization mean for energy and manufacturing? appeared first on OpenText Blogs.

How to deliver operational excellence in utilities

OpenText Information Management

As the energy landscape evolves and wholesale costs continue to rise, utility companies are under increasing pressure to meet the expectations of consumers and shareholders. From smart grids to smart meters and even smarter … The post How to deliver operational excellence in utilities appeared first on OpenText Blogs.

European cooperation on flexibility to accelerate the energy transition

CGI

European cooperation on flexibility to accelerate the energy transition. Early in September, we invited a number of our clients from around Europe to participate in a roundtable discussion on energy flexibility. Read more about energy flexibility.

NERC $10,000,000 Fine of Public Utility Highlights the Need for Cybersecurity Preparedness and CIP Compliance Programs

Data Matters

On January 25, 2019, the North American Electric Reliability Corporation (“NERC”) asked the Federal Energy Regulatory Commission (“FERC”) to approve a settlement issuing a record $10 million fine against an unidentified utility resulting from violations of critical infrastructure protection standards (“CIP”) occurring mostly between 2015 and 2018 (referred to hereafter as the “Settlement Agreement”). Cybersecurity Energy Enforcement Information Security National Security

Aging assets stand in the way of operational excellence

OpenText Information Management

Estimates suggest that more than 70% of … The post Aging assets stand in the way of operational excellence appeared first on OpenText Blogs. Industries Utilities Oil & Gas digital asset management Energy Operational Excellence

Engie Electrabel migrates customer documentation to the cloud

OpenText Information Management

As the top producer and supplier of energy in Belgium, Engie Electrabel generates more than 3.5 Globally, the utilities industry has undergone a … The post Engie Electrabel migrates customer documentation to the cloud appeared first on OpenText Blogs.

Utilities Digital Journey Insights (Part 5): Utilities decentralize organizational models to meet consumer needs

CGI

Utilities Digital Journey Insights (Part 5): Utilities decentralize organizational models to meet consumer needs. To gain the true value of digital transformation, utilities are embracing more dynamic and autonomous organizational structures that enable them to make decisions closer to the customer. To address these key challenges, utilities are moving toward decentralizing their organizational structures. Blog moderation guidelines and term of use

Utilities Digital Journey Insights (Part 4): Utilities’ pursuit of new business models accelerates

CGI

Utilities Digital Journey Insights (Part 4): Utilities’ pursuit of new business models accelerates. Some utilities even provide vehicle-to-grid services and home energy management systems to help consumers manage their electricity usage. To seize these new business opportunities, utilities are increasing investments in new products and services, making it the second largest IT spend driver and a top innovation investment (73%) over the next three years.

Insight-driven decisions are required to operate digital energy grids - and keep my EV charged

CGI

Insight-driven decisions are required to operate digital energy grids - and keep my EV charged. Last summer, I had an experience that made me realize how, in the future, utility network operators will need to work based on data they get from assets they may or may not own.

Solving data challenges to accelerate the energy transition

CGI

Solving data challenges to accelerate the energy transition. The energy transition is a technological, cultural and organizational sea change—and data is the means by which utilities can solve the foundational challenges of the transition.

Puget Sound Energy achieves award-winning content management and customer engagement

OpenText Information Management

Puget Sound Energy (PSE), the largest utility in the Pacific Northwest, embarked on an ambitious project to consolidate and replace … The post Puget Sound Energy achieves award-winning content management and customer engagement appeared first on OpenText Blogs. What happens when you successfully modernize customer communications and deliver a centralized SAP-integrated content management solution?

Strategize your next move to become a utilities leader, delivering value at scale and pace

CGI

Strategize your next move to become a utilities leader, delivering value at scale and pace. Additionally, utilities leaders say their IT investments have increased, and they have moved beyond progressing with discrete digital projects, such as mobile applications.

Embracing digital technologies to build a low-carbon society: Are local energy communities the answer?

CGI

Embracing digital technologies to build a low-carbon society: Are local energy communities the answer? Are local energy communities the answer? The current energy system is demand led and is a centralized top-down system—essentially one-way traffic from production to consumption. This means energy is supplied from a central point of production and generation to cities, factories and homes via the grid. Creating a self-sustaining energy ecosystem.

Are central markets the answer to commoditizing energy flexibility?

CGI

Are central markets the answer to commoditizing energy flexibility? These parties trade energy using forecasts based on long-term standard patterns of usage at the residential level, now disrupted by local PV installation. The effective application of energy flexibility is needed to address these issues. What is energy flexibility? Tapping into energy resource flexibility is not new; system operators and BRPs are already doing it at industrial levels.

Darwin’s advice to the energy sector: get agile!

CGI

Darwin’s advice to the energy sector: get agile! What does Charles Darwin have to do with digital transformation in the energy sector? Darwin’s theory—that it isn’t the strongest of the species that survives, but the ones most responsive to change—can point the way for utilities to move faster toward a sustainable energy system. Biggest challenges for the energy sector. This scenario will be enabled through so-called microgrids and energy islands. .

Key strategies and technologies to help utilities respond to a “storm” never seen before

CGI

Key strategies and technologies to help utilities respond to a “storm” never seen before. For more than three decades, I served at a leading electric utility, responding to numerous storms to keep the lights on for customers and to support critical infrastructure.

Delivering on the benefits of data: How utilities can get the first-mover advantage

CGI

Delivering on the benefits of data: How utilities can get the first-mover advantage. With the energy transition underway, there is a similar bold “rethink” taking place in the way energy companies view solutions, particularly around managing data. However, there is still ground to be covered before the near real-time data requirements of distributed energy resources, balancing and consumer access are met. Blog moderation guidelines and term of use

Emerging business models in the utilities industry

CGI

Emerging business models in the utilities industry. In the utilities industry, new business models are emerging, many of which are closely linked to the pressing need to embrace a low carbon economy. This shift is driving changes in demand, caused by increased electrification, and in production, with more renewable energy generation. Consumers are becoming energy suppliers and some independent organizations are even building-out their own power assets.

How utilities are getting creative to find new revenue streams

CGI

How utilities are getting creative to find new revenue streams. The utilities industry is undergoing a paradigm shift. Several elements are contributing to the decline in revenues and profits of traditional utilities: stagnant demand due to the success of energy efficiency initiatives and rapidly rising volumes of renewable energies, as well as increasing costs and intensifying competition from new market players. Blog moderation guidelines and term of use

Utilities: Interesting Times – Blessing or Curse?

CGI

Utilities: Interesting Times – Blessing or Curse? There’s no doubt about it, the Utilities sector is living in ‘Interesting Times’ and those times are becoming ever more ‘interesting’. So why are things in Utilities so interesting? Energy has become intrinsic to the way we live our lives, from the angst we feel when our smart phones run out of battery to its unseen role in controlling our home heating or helping traffic flow around our cities (or not as the case may be!)

Next-gen, real-time data exchanges will power the energy industry

CGI

Next-gen, real-time data exchanges will power the energy industry. Now in its eighth year, the event brings together global energy experts and influencers to debate and discuss the future of central market operations. As the event draws closer, it is interesting to see how data exchanges in utilities are changing purpose following the liberalization of the energy market. Blog moderation guidelines and term of use

TSA Issues Directive to Enhance Pipeline Cybersecurity

Data Matters

The Directive, which utilizes exiting authority granted under the Aviation and Transportation Security Act, will likely be part of a broader shift to requirements for greater reporting and coordination and communication between the government and the private sector. The post TSA Issues Directive to Enhance Pipeline Cybersecurity appeared first on Data Matters Privacy Blog. Critical Infrastructure Cybersecurity Energy Information Security National Security PolicyThe U.S.

Humanizing utility assets: A new approach to using assets to drive automation

CGI

Humanizing utility assets: A new approach to using assets to drive automation. As utilities around the world navigate the path to digitalization, addressing growing customer expectations, the pressure to move to a low carbon economy, and changing operating and business models has become critical. Even in regions with no or low competition, the business model for utilities is changing dramatically. Blog moderation guidelines and term of use