Why does the Energy & Utilities sector Need Software Quality Assurance? - PowerPoint PPT Presentation

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Why does the Energy & Utilities sector Need Software Quality Assurance?


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Title: Why does the Energy & Utilities sector Need Software Quality Assurance?


Why does the Energy Utilities sector Need
Software Quality Assurance?
Why does the Energy Utilities sector Need
Software Quality Assurance?
According to MarketsAndMarkets, The energy and
utility analytics market is estimated to grow
from USD 1.81 Billion in 2016 to USD 3.41 Billion
by 2021, at a Compound Annual Growth Rate (CAGR)
of 13.5. The Energy and Utilities sector has
been going through its own set of challenges over
the years. In fact, the last one decade has been
all about exploring fossil fuels and researching
for alternative energy sources such as wind,
solar, and biofuels. Additionally, the government
and the private sector has been working towards
delivering value added services to the consumers
and bringing down the operational costs at the
same time. Technology has been an enabler all
through the evolution phase, where digital
technologies have brought its own set of
strengths to the sector. However, the challenge
has been to build robust software and quality to
ensure performance and security for the companies
operating in the Energy and Utilities
sector. The report further states, Dynamic
forecasting and load management, operational
efficiency and risk mitigation, increasing
government initiatives for Advanced Metering
Infrastructure (AMI), and predictive analytics
for businesses are the driving forces that are
driving the growth of energy and utility
analytics market. The enormous benefits of
infusing analytics in the energy and utility
industry operations and infrastructure have
attracted enterprises operating in this vertical
to deploy energy and utility analytics software
and services in their operations. Asset
optimization analytics is expected to have the
largest market share during the period of
20162021. This software is utilized to predict
the future existence of assets. It helps in
identifying the asset lifecycle pattern and
determining the factors behind their failure
using real-time and historical data.
Why does the Energy Utilities sector Need
Software Quality Assurance?
The opportunities presented by digital
technologies are definitely bringing in potential
breaks, but posing challenges too. Today, we can
observe a major shift in the way the energy
sector is conducting business. There is
substantial focus on the consumers and their
convenience, and keen attention towards making
the experience more powerful and intimate.
Digital Technologies have been enabling these
businesses to deal with challenges such as
increasing operational costs, resource
inadequacy, regulatory compliance, and reaching
out to new geographies. Energy companies are
finding new and innovative ways to deal with
these gaps, and modernizing their business for
delivering enhanced services. How can IT and
Software Quality Assurance support the Energy
sector? IT has been an enabler for the energy
and utilities sector, but how effective it can be
if the software of the application is not taken
care of? Companies operating in the sector very
well understand that IT is integral for their
business excellence. Technical know-how will not
only help them to meet the cropping requirements,
but also enable them to grow beyond the
competitive edge. Hence, it is important to look
out for end-to-end IT services that begin right
from ideation and culminate into delivery. There
is tremendous scope for enterprise-wise
transformation if the software or application
development process is well evaluated and
effectively tested for quality. Where is the
scope for software quality assurance with
reference to the software development and
application development for the Energy sector? We
look at the key areas where software quality
assurance contributes substantially.
Why does the Energy Utilities sector Need
Software Quality Assurance?

A lot of attention is needed in the Product
Engineering space, where energy companies need
attention to stabilize and improve their product
lifecycle. Software quality needs to get
evaluated at every stage to ensure that
cutting-edge technology solutions get implemented
and deliver as expected. Right from developing
and implementing new software products,
enterprise platforms quality assurance
contributes substantially to the overall
engineering process. Software Quality Assurance
and Testing enables teams to create the product
architecture, design, and effectively initiate
the development activity. It helps organizations
to develop performance-driven applications and
software products. Moreover, it equips them to
deal with recurring business challenges, as the
architecture development and designing activity
is effectively validated with frequent testing
and QA processes. Additionally, it also helps to
ensure regulatory compliance. In the current
digital scenario, website and mobile applications
have become a common ground of opportunity for
enterprises. Enterprises need to offer online
experience to create favourable brand perception.
Digital solutions have become imperative for
almost any kind of business, including the energy
and utilities segment. It helps to keep the
customers engaged across diverse digital media
platforms. This needs digital assurance and
testing, which helps teams to validate aspects
such as performance, functionality, and quality
throughout the product or application
lifecycle. Read Full Blog at https//www.cignit
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