Energy Industry

Trends

The global energy industry is poised for continued evolution at a faster pace than in the past  with new exploration and operational efficiency models overseas and alternative energy breakthroughs here at home. IT continues to play catalyst for more effective generation, delivery, consumption and management by energy businesses both large and small. Emerging industry wide trends include:

• The “digital oil field” is a reality, as oil and gas exploration and production companies need to quickly and smoothly share data upstream with venture partners, service providers and other partners to remain competitive. As more alternative energy facilities come online – from wind farms to a more flexible electrical grid - coordination of activities such as site survey, equipment selection, scheduling and transport will only become more critical across the sector.
• Energy supply chains continue to streamline, exploiting ever increased automation and accurate analysis to improve the energy provider’s market buying power and efficiency.  Industry experts note that one key best practice is integrating support for more business processes across the extended enterprise.
• Retail marketing grows energy revenue. The green and clean energy movements have proven that tomorrow’s energy consumer is passionate, curious and will have more choices than ever. Leading edge providers will collect more data on customers and use it to tailor marketing promotions more effectively, such as customer loyalty and other programs.
• Agility yields dividends for energy companies in an era of rapid price fluctuations and ever-shifting demand. Success will rest ultimately on an organization’s ability to equip business partners with accurate information, services and assets – delivered in near real-time.

Netwoven Energy Solutions

Netwoven offers solutions to the Entergy Industry that help providers address these challenges and best weather a fluctuating market. We partner with our Energy customers bringing a deep understanding of the unique business drivers of the industry, a commitment to innovation and quality, and a global delivery model spanning our three practice areas of Enterprise Content Management, Business Process Management and Business Intelligence. Netwoven has proven capability in executing large, complex and business-critical projects across the Energy Industry’s value chain.

 Key benefits to the Oil and Gas industry include:

• Wring Costs Out: by improving the use of enterprise content, operating efficiencies can be realized quicker as part of an overall ECM strategy. Netwoven BI Solutions provide the information agility required for meaningful analysis, without sacrificing data quality.
• Streamline Information Flow: delivering powerful analytics help Energy customers perform rapid analysis of supply chain buying trends.
• Strengthen Retail Marketing: providing marketing, sales and customer service tools powering field sales and Internet sales deepen customer relations all the way down to the retailer, and in the case of emerging energy companies ultimately down to the consumer.
• Maximize Transparency and Agility: knowledge sharing enabled by Netwoven solutions allow Energy customers to synchronize master data and link business processes with partners – powering collaboration on a number of levels.
• Integrate Systems for Growth: a fully integrated IT architecture future proofs Netwoven customers by seamlessly linking BI tools, enterprise portal, exchange infrastructure, master data management, and mobile infrastructure.

Netwoven Solution Practices Deliver Value to Energy Management

Enterprise Content Management / Document Management

• Registration and workflow of internal documents over the Electronic Registry
• Addition of electronic archive facilities
• Integration of these solutions into collaborative portals
• Collaborative platforms for key decision-making
• Deployment of remote learning systems
• State-of-the-art communication tools
• Context manager/search capabilities

Business Process Management

• Integrated, automated workflow applications
• Transmission and organizational tracking of tasks and approvals

Business Intelligence

• Data drill into legacy applications
• Better data quality and analysis
• Better decision-making through data integration across ERP, mobile devices, etc.
• Retail premise cost control and revenue maximization