Utility CIS software that is hosted in the cloud allows for enhanced scalability and flexibility for growth. It also offers improved cost efficiency and security measures, effective disaster recovery, and simplified software updates — which are important for keeping your utility up to date without disrupting daily operations.
One of the best ways to manage cloud costs is by monitoring application usage. The main public cloud vendors offer software that enables companies to analyse the costs of running individual applications, so HR, R&D, app developers and every business unit can see where any wastage is occurring. “This makes it easier to identify and prioritize where improvements can be made,” says Melamedov.
Another key aspect of cloud utility management is rightsizing, which reduces waste by enabling businesses to purchase only the instances and resources they need. This can be done by tracking actual usage versus budget, and adjusting the usage accordingly. “Just like turning off lights when you leave a room, automating the ability to switch off unused resources can significantly reduce costs,” says Melamedov.
Cloud services also allow for rapid development of new applications, allowing utilities to respond quickly to customer demands and regulatory requirements. This can help them differentiate themselves from competitors by introducing innovative programs and initiatives. It can also enable them to take a greater role in the energy transition and corporate sustainability. The centralized nature of the cloud also enables them to manage data more effectively, so they can better understand the impact of their own activities on the grid. cloud utility management