Utilities
Utilities describes a market sector that encompasses organizations that provide products and services in the areas of fundamental amenities like electricity, natural gas, water, and sewage. Due to the nature of services provided, this is a very large sector and organizations in this sector usually have complex business operations. These organizations generally constitute a major part of the economy of any country. Utility companies in U.S. had a market capitalization of approximately $1.5 trillion in March 2021.
Technology in the Utility Industry
Utilities describes a market sector that encompasses organizations that provide products and services in the areas of fundamental amenities like electricity, natural gas, water, and sewage. Due to the nature of services provided, this is a very large sector and organizations in this sector usually have complex business operations. These organizations generally constitute a major part of the economy of any country. Utility companies in U.S. had a market capitalization of approximately $1.5 trillion in March 2021.
Technology in the Utility Industry
Like every other industry, technology is playing a key role in utility industry as well. Due to the nature of the services provided, there is an imperative to provide reliable, safe, and affordable services. The utility industry has long leveraged technology to meet these goals. New and emerging technologies are paving way to help build utility companies build new capabilities in areas like business continuity, operations, distribution, and infrastructure management. While utility companies have already invested in technology and innovation, new technologies like AI and IoT create opportunities to discover more.
Key Considerations for SAPinsiders
SAP and partner technologies are helping utility companies in the following areas:
Business operations systems: With productions like SAP S/4HANA, utilities companies get the ability to run their end-to-end business, and key operations like metering, billing, and customer engagement. Capabilities like SAP Fiori helps generate insights into aspects billing and helps provide opportunities to streamline these processes. There are customized, utility industry specific processes in various modules, like interaction center for the role of a customer service agent.
Intelligent Enterprise: Advances in technology allow utility organizations to evolve into digital energy networks that can allow them to develop new business models and processes, assimilate the prosumer and transform the way these companies work in a competitive and collaborative business environment in this industry today. Specific technologies that help enable this are technology platforms like SAP Business Technology Platform (BTP), Artificial Intelligence (AI), cloud, process automation & intelligence, Internet of Things (IoT), and enterprise analytics.
Solutions? Applications? [RH1]
270 results
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Steps to Output a Microsoft Word Document from an SAP System
Many companies start producing and generating their documentation in Microsoft Word, and this method works fine for a small number of documents. However, over time as business needs grow, this method becomes increasingly difficult to manage. One solution is to migrate documents from Word to an XML-based file format that is easy to parse with...…
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The Road to SAP S/4HANA from ECC6
Sponsor: SAP SAP S/4HANA provides the opportunity for IT to lead digital transformation efforts. With SAP S/4HANA, IT can not only improve its own operations, but also deploy technology innovation to bring transformation and productivity gains to the business. Not sure how to get there? Join us to learn more about the path to SAP…
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SAP Leonardo Vs. TensorFlow
Machine learning (ML), considered a subset of artificial intelligence, is growing in popularity among businesses that want to create better computing models with high volumes of data in order to make decisions faster. SAP Leonardo and Google’s TensorFlow are both known, in part, for their ability to prototype and integrate with ML projects. In this…
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Achieving Effective and Efficient Asset Management
In heavy asset intensive industries from manufacturing and processing facilities through to Rail, Aerospace, Utilities, Oil & Gas and Mining operations, the largest operational expense beyond the CAPEX of building the plant resides in maintaining the equipment required to do the job. Mastering SAP Premium Access Membership Required You must be a Mastering SAP Premium…
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Want to Automate Your Monthly or Yearly Accruals?
SAP R/3 4.7 functionality offers the choice of automating your accrual processing. Learn about the SAP R/3 Accrual Engine and see how it compares to R/3’s accrual/deferral feature. Key Concept The Accrual Engine, new to SAP R/3 Release 4.7, allows you to manage your accruals and calculate the amount of the accruals in one central...…
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“What’s in My Transport?!”
During configuration, a transport (or change request) can pick up more changes than the configurator intended, thus causing system errors. The author explains the potential for mistakes and how to avoid them when using automatic change requests in the Change and Transport System (CTS). Not too long ago, an experienced R/3 configurator came running over...…
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Improving the Fit of the Standard FI/CO System to Your Site’s Specific Business Requirements with User Exits, Enhancements, and Events
The author describes three ways to make enhancements to features without modifying the standard code. This provides a great deal of added flexibility to the FI/CO modules. In almost every R/3 implementation, a company asks repeatedly: “How can we enhance this feature or that feature without making a modification to the standard code?”1 This is...…
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Tips for Debugging ABAP for Functional Teams
/IT Some basic tips shed light on debugging ABAP. Learn how to trigger debugging, discover what the main differences between the classic and new debuggers are, and follow some scenarios in which debugging ABAP helps improve the processing of various transactions. Key Concept Debugging is the way to find the root cause of certain SAP...…
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Retrieve the Details of Table or View Maintenance Generators in a Single Screen
Use ABAP code to create a utility that provides you the details of having more than one table or view maintenance generator in a single screen. With it, you can view all the table and view maintenance generator details that you have created in your system or that are already available in the standard system....…
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Discover Two Behind-the-Scenes CRM WebClient UI Features in SAP CRM 7.0
The CRM WebClient UI provides a new dimension of user experience by enabling users without deep technical knowledge to work with the SAP CRM solution. However, the user interface is only the tip of the iceberg — there is a complex software framework underneath it that you might want to explore. Take a look into...…
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