Rapid transformation is driving future developments in the energy sector. The focus on distributed energy resources, quantum computing, green hydrogen, and the internet of energy techniques, and most importantly, renewables is transforming the energy sector. As per Allied Market Research, the global renewable energy market is expected to reach $1512.3 billion by 2025. Practus helps with price forecasting, custom reporting, provisioning, and auditing which are common processes that impact energy companies – both conventional and renewables.
Renewable Energy, Oil & Gas
Automation Transforming Energy
The rapid industrialization and increase in demand for energy in growth markets like China and India are shaping several business expansion strategies like acquisitions, collaborations, and partnerships. The unpredictability with oil price has brought focus back on renewable energy.
Practus has been at the forefront of assisting energy companies to remain competitive. With automation and AI, we have implemented cash flow forecasting, improved accountability and process management, ensured compliance, and assisted better decision-making with BI tools for short-term and long-term energy predictions.