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Cloud Computing - Key Enabler of Smart Grid
GlobalData, July 2011, Pages: 7
Cloud Computing - Key Enabler of Smart Grid
Summary
GlobalData's report “Cloud Computing - Key Enabler of Smart Grid” provides an analysis of the different factors that would position cloud computing as a key enabler of smart grid. Cloud computing is a dynamic solution where IT capabilities like hardware, software or services are provided through the internet. The need for large scale real-time computing, communication, transfer and storage of data generated by smart grid technologies is expected to be addressed by cloud computing services. The flexibility and scalability of storing and processing large amounts of data and cost savings are some of the major benefits of using cloud solutions for smart grid applications. Cloud computing facilities are offered as private clouds, public clouds or hybrid clouds. The report discusses how cost efficiency, flexibility and existing capabilities of cloud computing can help in development of smart grid despite concerns related to cyber security and data privacy.
Scope
- Market prospect of cloud computing service providers in smart grid industry
- Key drivers of market growth for cloud computing service providers in smart grid
- Stake holders in utility cloud computing service industry for smart grid
- Key barrier to development of cloud computing in utility service industry
Reasons to buy
- Identify key growth and investment opportunities for cloud computing in smart grid sector
- Gain insight on the industry’s growth potential
- Developing strategies for market penetration
- Facilitate decision-making based on upcoming market developments in the smart grid sector
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