Digital Utility Trends: The Acceleration of Cloud

Utilities, like most industries, have experienced enormous growth in the adoption of cloud technology in their business. At the end of 2019, Oracle reported that over 70% of utilities were utilizing cloud software within their business operations, up from 45% just three years prior. The same was true for cloud adoption at a general level across multiple industries. While utilities may have arrived later to the table vis-à-vis other industries in terms of its overall adoption of cloud technologies, it’s virtually impossible to find a utility that, at some level, has not introduced cloud technology in at least some part of their business.

Utilities have now moved past the questions of “if” and “when,” and are now contemplating “how far,” “how fast,” and to “what end”? And for these questions, utility strategies vary widely. The challenge today’s utilities face is around the proverbial ‘moves on the chess board’ - how the choices they make now impact their future flexibility with regards to how they design and navigate their cloud journeys.

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