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. Greetings from Anchorage, Alaska!

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.

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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

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.

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.

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.

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?

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.

Document Storage for the Energy Industry

Armstrong Archives

If you work in the energy industry, it comes as no surprise that it’s one of the most heavily regulated. To comply with government regulations, an energy company might have tens of thousands of documents that need to be physically stored, scanned or destroyed.

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

[Podcast] IIM Challenges and Opportunities in the Energy Industry

AIIM

The energy industry plays a crucial role in all our lives. the wifi, or the computers.and so on, but what is it that powers this critical industry? So, what's it like to work with records and information in this exciting industry?

Siemens Shares Incident Response Playbook for Energy Infrastructure

Dark Reading

The playbook simulates a cyberattack on the energy industry to educate regulators, utilities, and IT and OT security experts

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? The potential of digital transformation The wave of sweeping themes, like the 4th Industrial Revolution, Industry/Manufacturing 4.0,

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?

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? Analytics Digital Process Automation Digital Transformation Enterprise World IoT AI Enterprise World 2019 industrial IoT Manufacturing Industry Oil and Gas Predictive Analytics predictive maintenance Utility Industry

Data Encryption Shields the Energy Sector Against Emerging Threats

Thales Cloud Protection & Licensing

Data Encryption Shields the Energy Sector Against Emerging Threats. The energy sector is part of the critical national infrastructure (CNI), and delivers services that are essential for modern life. Energy services companies are a lucrative target for adversaries.

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.

The future of energy services: time for a step change in using data to improve the customer experience

CGI

While robotic process automation (RPA) can be used to automate many industry processes, how do utilities ensure they automate the right processes rather than just use “tech for tech’s sake”?

Coronavirus-themed campaign targets energy sector with PoetRAT

Security Affairs

Threat actors employed the previously-undetected PoetRAT Trojan in a Coronavirus-themed campaign aimed at government and energy sectors. . The malware infected ICS and SCADA systems used to control the wind turbines within the renewable energy sector.

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. Digital Transformation Industry

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.

Dept. of Energy Launches Plan to Protect Electric Grid from Cyberattack

Dark Reading

Over the next 100 days, the DoE will work with electric utilities to improve visibility, detection, and response for industrial control systems

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.

Aging assets stand in the way of operational excellence

OpenText Information Management

Industries Utilities Oil & Gas digital asset management Energy Operational ExcellenceOperational excellence (OPEX) is a goal that the oil and gas sector has been striving to reach for years.

Reading Municipal Light Department, an electric utility in Massachusetts, hit by ransomware

Security Affairs

The Reading Municipal Light Department (RMLD), an electric utility in Massachusetts, announced it was hit by a ransomware attack. This week, the Reading Municipal Light Department (RMLD), an electric utility in Massachusetts, announced it was hit by a ransomware attack.

The energy sector's perfect storm

Collaboration 2.0

The energy sector has never looked more interesting - can the staid utility industry embrace the digital transformation strategic models required to stay relevant or will they be crushed in the emerging battle between tech and energy companies

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.

Emerging business models in the utilities industry

CGI

Emerging business models in the utilities industry. Across industries, digitalization is changing the way organizations do business. 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.

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

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. sonya.balasubr…. Wed, 05/01/2019 - 22:32.

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. Industry reports are available upon request.

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.

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.

The energy sector's perfect storm

Collaboration 2.0

The energy sector has never looked more interesting - can the staid utility industry embrace the digital transformation strategic models required to stay relevant or will they be crushed in the emerging battle between tech and energy companies?

The energy sector's perfect storm

Collaboration 2.0

The energy sector has never looked more interesting - can the staid utility industry embrace the digital transformation strategic models required to stay relevant or will they be crushed in the emerging battle between tech and energy companies?

Hackers targeted ICS/SCADA systems at water facilities, Israeli government warns

Security Affairs

The Israeli authorities are alerting organizations in the water industry following a series of cyberattacks that hit water facilities in the country. Government worldwide are worning of hackers targeting water utilities and urge the operators to secure industrial control systems (ICS).

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. At CGI, every year we conduct over 1,000 face-to-face interviews with senior business and IT leaders across 10 industries and 20 countries.

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. I recently visited the old Philips industrial complex in Eindhoven in the Netherlands. With the energy transition underway, there is a similar bold “rethink” taking place in the way energy companies view solutions, particularly around managing data. In fact, across the value chain, utilities view data as the new “digital capital” and a key driver of change and differentiation.