Digital Transformation in the Energy sector white paper copywriting, IFS

Digital Transformation white paper copy sample, energy sector, IFS (US English)

[Excerpt]:

Cloud adoption: reducing costs, improving flexibility, ensuring security

By 2040, global demand for energy will have risen by 30%. To stay ahead of the competition, firms are looking to transform their business models to achieve best-in-class customer service, ensure smart asset management, and continually optimize a connected workforce. Moving to the cloud offers energy, utilities & resources companies the opportunity to offload some of the management of the environment and the applications, reducing liabilities for the management of the technical infrastructure and the cost of procuring, maintaining and operating on-premise server hardware.

Reduced Total Cost of Ownership

Traditionally, organizations have preferred to acquire and capitalize hardware and software deployed on site, depreciating and writing assets off. By recording an extraordinary capital expense, an energy company can argue a case for increasing charge rates to recover costs from customers. However, by outsourcing with a cloud-hosted Software as a Service model, and offsetting costs as operational expense, the Total Cost of Ownership (TCO) is typically lower. The need for in-house server and maintenance teams is also removed.

Increased agility

Cloud-based solutions can also be scaled and flexed rapidly to meet changing business needs. Many organizations are using technology to realize internal greater efficiencies. According to an IDC report4, organizations can see an increase in productivity by at least 18% by adopting modern infrastructure to manage assets, field service activities, and resource planning.