- EY DEEP digitally integrates key processes across the entire oil and gas value chain
- EY UtilityWave helps enable utilities to control their entire network via one platform
EY UtilityWave is a leading platform for utilities that connects multiple legacy systems, new IoT devices and diverse sources of data. This helps enable the utility to gain greater visibility and control over their network, provide actionable insights and numerous opportunities to unlock real value from its network and data.
Changing market dynamics and advances in oil and gas extraction technology, means oil and gas operators must find innovative ways to optimize their operational processes to improve efficiency and reduce costs. However, the current legacy practices and limited maturity of technology platforms, have stunted the oil and gas industry’s ability to fully realize the value of the latest digital technology.
Taking these solutions as an opportunity, Christoforos Socratous, Partner and Energy Sector Leader of EY Cyprus commented: “As the energy system is evolving at a rapid pace, the industry needs to prioritize embracing innovation and exploring new technologies. EY DEEP and EY UtilityWave combine EY’s extensive industry experience with Microsoft’s powerful cloud technologies to enable companies to reach data-driven decisions across the value chain. The new platforms are a testament to EY’ commitment to investing in innovation to help clients address major industry challenges.”
To learn more about the EY and Microsoft alliance, visit ey.com/alliances.