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ENU Companies Meet Uncertainty with Technology

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Oil and gas companies today want faster returns on their investments and reduced risks. Utilities, meanwhile, are layering value-added services onto their offerings and aligning themselves closer to …

Oil and gas companies today want faster returns on their investments and reduced risks. Utilities, meanwhile, are layering value-added services onto their offerings and aligning themselves closer to the customers

Published in: Technology, Business

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  • 1. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL1 ENU Companies Meet Uncertainty with Technology Wipro Future of the Industry Series:ENU
  • 2. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL2 ENU Meet Uncertainty with Technology Oil and gas companies today want faster returns on their investments and reduced risks. Utilities, meanwhile, are layering value-added services onto their offerings and aligning themselves closer to the customers In this Future of Industry series article, Wharton management professor Witold Henisz & Wipro’s senior VP, Anand Padmanabhan, explore the opportunities and challenges ahead.
  • 3. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL3 New Geographies & Technologies Boost O&G In new markets, oil and gas companies face more uncertainty about regulations and local acceptance for reserve exploitation. They need to recognize that local governments may not have the regulatory capacity and expertise Companies have crossed boundaries into new geographies where production and consumption occur, and it has changed in terms of consumption patterns & how energy sources are exploited
  • 4. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL4 Renewable Fuels: Promise amid Uncertainty Many observers think renewables will account for 20%-30% of total energy supplies in 15 years. Alternative Energy : After drop in prices of natural gas Nuclear Power: After the Fukushima nuclear disaster PROMISE UNCERTAINTY
  • 5. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL5 Energy: Emerging Solutions Remote (or digital) management of oil rigs Cloud technology Data Analytics Standardization of IT Social media networks to connect with people who have the skills
  • 6. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL6 Utilities: Navigating into Troubled Waters • Heavily regulated globally across pricing, investments, health and safety, green technologies • Widening middle order, with intermediaries in transmission and distribution. Regulators • Demanding fuel choice, energy efficiency and access to devices like smart meters and home energy-management devices • Asking the utilities to analyze and manage data, and to suggest usage and pricing options Customers • Offer premium, value-added services such as wastewater treatment, home services, and energy management to expand into new geographies and consolidate Margin Pressure
  • 7. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL7 Natural Resources: Looking Ahead  Foster a collaborative work environment and streamline remote field operations  Huge uncertainty on what types of contractual terms and regulatory regimes will give citizens confidence when exploiting natural resources  Making big investments in environment, safety and community development to convince people they should have a social license to operate  “Big time” price and demand fluctuations adding to the woes of once-flourishing mining companies
  • 8. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL8 For more details please visit the link below: http://www.wipro.com/insights/industry- research/energy/energy-utility-and-natural-resources- companies-meet-uncertainty-with-technology
  • 9. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL9 Wipro set up the Council for Industry Research, comprised of domain and technology experts from the organization, to address the needs of customers. It specifically surveys innovative strategies that will help customers gain competitive advantage in the market. The Council, in collaboration with leading academic institutions and industry bodies, studies market trends to help equip organizations with insights to facilitate their IT and business strategies. For more information on the Research Council visit www.wipro.com/insights or mail wipro.insights@wipro.com About Wipro Council for Industry Research
  • 10. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL10 About Wipro Technologies Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognised globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 140,000 employees and clients across 57 countries. For more information, please visit www.wipro.com
  • 11. © 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL11 Thank You ©Wipro Limited, 2013. All rights reserved. For more information visit www.wipro.com No part of this document may be reproduced in whole or in part without the written permission of the authors. Wipro is not liable for any business outcome based on the views presented in this document. For specific implementation clients should take advise from their client engagement manager.