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Strengthen operational integration and collaboration with members of the energy sector. Cyber Risk in the Energy Sector Public utilities have been put to the test as attacks by bad actors have risen sharply in recent years. Q3 ‘22 saw a record number of attacks on the energy market, a trend that is not expected to slow down.
Searchlight Cyber researchers warn of threat actors that are offering on the dark web access to energy sector organizations. Dark web intelligence firm Searchlight Cyber published a report that analyzes how threat actors in the dark web prepare their malicious operations against energy organizations.
On September 22, 2022, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) regarding Incentives for Advanced Cybersecurity Investment, requesting comment on proposed revisions to regulations implementing the Federal Power Act (FPA).
The theme explores, how can we catalyze energy, climate and nature action through innovative partnerships, increased financing and the deployment of frontier technologies. Knowledge reimagined To grow energy reliably, safely, and sustainably, knowledge will have to be reimagined.
The energy and resources sector is undergoing a profound transformation driven by the global push toward sustainability, energy technological advancements, geopolitical risks, and increasing regulatory pressures in some areas of the world. Every digital fabric has horizontal and vertical digital threads. Digital twins are no different.
The energy and resources sector including utilities, oil and gas, chemicals, and metals & mining is one of the most hazardous in the world. Utilizing information management technologies and best practices can help continuously improve upon and eliminate these root causes for safer operations.
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.
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. It’s also a state where over 25% of the GDP … The post Information management and the energy transition appeared first on OpenText Blogs.
At a time when energy commodity prices are at all-time lows, operational excellence has become a necessity for utilities to remain competitive. The post Driving operational excellence through automation in the utilities sector appeared first on DXC Blogs. This […].
1 The ratio between man and machine All industries use machines, yet the energy and resources sector including utilities , oil and gas , chemicals , and metals & mining industries is the most capital intensive. trillion of annual capital investment is made in the energy industry today and by some estimates will grow to $9.2
For Energy companies, providing reliable and effective services depends on reliable and effective maintenance to ensure assets are — you guessed it — reliable and effective. Yet with maintenance crews spread out, skilled labor … The post The costly goldilocks approach to Energy maintenance appeared first on OpenText Blogs.
To assist utility companies, IBM has created the Clean Electrification Maturity Model (CEMM) in conjunction with the American Productivity & Quality Center (APQC). Companies that harness AI and data analytics can also make clean energy more viable overall by increasing their cost competitiveness over legacy energy sources.
Mint Sandstorm also used custom tools in selected targets, notably organizations in the energy and transportation sectors. The group rapidly weaponized N-day vulnerabilities in popular enterprise applications by using publicly disclosed POCs.
. “As early as 2022, APT28 actors had utilized compromised EdgeRouters to facilitate covert cyber operations against governments, militaries, and organizations around the world.” APT28 had utilized compromised Ubiquiti EdgeRouters as a command-and-control infrastructure for MASEPIE backdoors. ” reads the joint report.
Energyutilities and oil and gas, but also water utilities and transportation systems, are privileged targets of nation-state actors. ” concludes the report.
Generative AI and digital twin use cases in asset-intensive industries Various use cases come into reality when you leverage generative AI for digital twin technologies in an asset-intensive industry such as energy and utilities. appeared first on IBM Blog. Asset performance management.
Uncertainty has become the new norm in the energy industry and 2020 promises more of the same. This is due largely to the fact that the oil and gas and utility sectors are heavily impacted by some pretty intense forces – the geopolitical climate, trade tensions and economic fluctuations, just to name a few.
For the energy and utilities industry (E&U), time is not on their side. Facts about the energy and utilities industry Transformer prices have doubled, while the average lead time for delivery has at least tripled from what it was two years earlier, reaching 52 weeks in some cases. Visibility.
The world is in a race for energy, and that race is just as much about information management as it is about energy itself. Prices of most forms of energy (electricity, natural gas, oil, etc.) Hello from Alaska! have recently touched record highs on an annual average basis—or are fast approaching such figures.
New developments in renewable energy are making headlines and inspiring hope in communities worldwide, from a remote Arctic village working to harness solar and wind power under challenging conditions to a U.S. Air Force base planning an advanced, utility-scale geothermal power system. Let’s take a look at both.
2025 couldnt have started in a more beautiful fashion as I took this photo of the northern lights in the early morning hours on January 1st and inspired this blog. Sun burst = Corporate strategy & initiatives: The suns burst of energy represents a companys annual release of corporate strategies and initiatives.
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. Current energy pricing has little headroom to incentivize consumers to engage in flexibility. kathy.jacquay@….
It is for these same reasons that some RaaS (Ransomware as a Service) offerings utilize the language as well. “ The Snake ransomware targets files associated with SCADA platforms, enterprise management tools, and system utilities. One such example would be Project Root. ” concludes OTORIO.
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). From a cybersecurity perspective, DERs pose new and unique challenges for utilities. Mon, 06/17/2019 - 05:09.
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.
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. appeared first on OpenText Blogs. Then it all changed. Climate change happened. Infrastructure got older.
As more countries, companies and individuals seek energy sources beyond fossil fuels, interest in renewable energy continues to rise. In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. What is renewable energy? trillion in 2023. trillion in 2023.
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.
Renewable energy , also known as clean energy, is produced from natural resources that are generated and replenished faster than they are consumed—such as the sun, water and wind. Most renewable energy sources produce zero carbon emissions and minimal air pollutants.
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. It’s an apt description.
Encoders, for instance, consume significantly more energy than decoders – sometimes as much as 5 to 10 times as much energy, in comparison. Optimizing energy use Carbon footprint assessment must encompass all direct and indirect emissions within the value chain. Embracing energy-efficient design principles.
But there are some essentials that, even with all that we are … The post Supporting the essential energy industry appeared first on OpenText Blogs. We are coping, learning to go without, and making the best of what we have.
Department of Justice indictment, MSS-affiliated actors have targeted various industries across the United States and other countries—including high-tech manufacturing; medical device, civil, and industrial engineering; business, educational, and gaming software; solar energy; pharmaceuticals; and defense—in a campaign that lasted over ten years.[
But in the Energy sector, we seem to … The post The 3-minute test for energy companies appeared first on OpenText Blogs. From streaming services to social media, content practically lands in our laps, personalized to our interests and always within reach.
The energy industry as we know it is changing. 1 This massive growth in population will bring with it increased energy demands – and it is only one generation away! 1 This massive growth in population will bring with it increased energy demands – and it is only one generation away! The energy industry has never moved this fast.
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. Wed, 03/27/2019 - 03:33.
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. Today, utilities must respond to rapidly changing demand profiles caused by stay-at-home orders.
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.
Puget Sound Energy (PSE), the largest utility in the Pacific Northwest, embarked on an ambitious project to consolidate and replace … The post Puget Sound Energy achieves award-winning content management and customer engagement appeared first on OpenText Blogs.
Insight-driven decisions are required to operate digital energy grids - and keep my EV charged. Last summer, I had an experience that made me realize how, in the future, utility network operators will need to work based on data they get from assets they may or may not own. Blog moderation guidelines and term of use.
Strategize your next move to become a utilities leader, delivering value at scale and pace. In 2019, our CGI Client Global Insights reveal, once again, that utilities are making considerable progress in their digital transformation journey, with 92% of executives now reporting their organization has a defined digital strategy in place.
Renewable energy is critical to combatting climate change and global warming. The use of clean energy and renewable energy resources—such as solar, wind and hydropower—originates in early human history; how the world has harnessed power from these resources to meet its energy needs has evolved over time.
On September 22, 2022, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) regarding Incentives for Advanced Cybersecurity Investment, requesting comment on proposed revisions to regulations implementing the Federal Power Act (FPA). The post U.S.
Delivering on the benefits of data: How utilities can get the first-mover advantage. With the energy transition underway, there is a similar bold “rethink” taking place in the way energy companies view solutions, particularly around managing data. ravi.kumarv@cgi.com. Tue, 04/16/2019 - 04:29. Data is fuelling the future.
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