By 2022, approximately 25% of the energy and utility market will be seized by digital disruption, according to TechMag.
Additionally, while 87% of executives say technology will disrupt their industry, a mere 44% say their company is adequately preparing for it according to a recent MIT Solan Review.
The question is, are you among them?
When it comes to industries, energy and utilities are considered both volatile and vulnerable, according to the Harvard Business Review.
That means the industry is facing disruption and must address productivity challenges in their legacy businesses right away, or risk being left behind by competitors. In essence, it’s time to ride the digital disruption wave and avoid being wiped out by it.
That’s where digital as-a-service comes in. It enables businesses to obtain a faster time to market and reduce development and operational costs through cloud-based services, leading to new or enhanced products and customer experiences.
Cloud and Automation Makes Everything-as-a-Service
The impact of the continuing trend in the commoditization of complex technology into consumer-orientated platforms and software services is huge. The cloud and automation are a pivotal domain for energy and utility companies that delivers cost-effectiveness, flexibility, scalability,y and agility.
Instead of having to invest in capital expenditures for on-premises systems you have to manage 24/7, the cloud-based automation enables on-demand use of services that can be scaled up or down as needed – anytime, anywhere. This way, costs can be controlled more flexibly, with use scaling to the business’s needs.
Additionally, new technologies such as blockchain, AI and machine learning are now easily accessed on the cloud, allowing businesses to adopt a “fail-fast” mentality. This speeds up application development and enables companies to try experimenting with new technologies, such as virtual reality or digital twins, and develop new products around them.
Through the cloud, users can implement various services:
Infrastructure-as-a-Service (IaaS)
Software-as-a-Service (SaaS)
Artificial Intelligence-as-a-Service (AIaaS)
Hardware-as-a-Service (HaaS)
Software Platforms-as-a-Service (PaaS)
Database-as-a-Service (DBaaS)
We are headed into the everything-as-a-service era, where you can either jump on the bandwagon or get left behind.
Our Example: Forecourt Controllers
We offer solutions that ensure a systematic and standardised end-to-end performance from automating and providing secured fuel delivery to fuel management solutions. Gas station automation systems give our customers access to their sales volume, transaction data along inventory management in real-time.
Our fuel management systems enable oil companies and fuel management companies to curb fuel adulteration and enjoy better control of retail outlets by providing accurate sales and improving accountability, efficiency, and reliability.
The Apptom Forecourt Controller is a feature-rich intuitive management solution specially designed for retail - store and fuel station management. It provides a fully customizable POS system and a state-of-the-art cloud-based CMS (Central Monitoring System) architecture that facilitates a cloud-based Back Office Solution (BOS).
It is powered by a unique and intelligent engine and was designed to suit every fuel station business model, with its flexibility facilitating seamless integration throughout all peripherals and external systems. By streamlining communication between all components, the Apptom Forecourt Controller allows everyone to be involved, from managers to staff, with the most advanced retail tools available to maximize revenues, profitability, and total customer experience.
This project is just one of many use cases where energy and utilities can take advantage of cloud-enabled delivery through automation.
Don’t be alone in your transition journey; reach out to us at Apptom and we would be at your service!
This blog was written by Darshita for Apptom.
Thanks for reading!
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