Wednesday, February 29, 2012

Infosys,Wipro among the Big Fish of global Smart Grid IT: GTM Research

The leading clean technology research firm GTM Research in its latest report "The Network Grid 150 : The End-to-End  Smart Grid Vendor Ecosystem Report and Rankings" has identified Wipro and Infosys as one the top 7 global software companies in the Smart Grid space. It is well know fact that software is one of key component of Smart Grid technology. From managing power demand to monitoring the grid health, software is going to be the essential piece of all smart grid segments. The other 5 big fish are IBM, Oracle, Siemens, Accenture, and Schneider Electric. The report selected the top 7 "Big Fish" based on two basic criteria, 1) market cap of more than $20 billion and 2) being active and influential in smart grid market.

Though, the smart grid solutions are unique to the local conditions, having global smart grid exposure and experience will be an added advantage, as the right set of tools and techniques mastered can be used for the smart grid implementation in India. Wipro and Infosys have implemented various smart grid IT project in the global market and with their local knowledge of the Indian utility and energy industry, are well placed to take advantage of the emerging smart grid market in India. According to ZPRYME, Indian government is set to spend close to $11 billion in next 5 years to reduce the line losses to less than 15% in urban and high-density area. Approximately one-fifth of the $11 billion will be spent on IT for the state-run distribution companies. 

While, the western and developed economies have to re-work the grid to successfully implement smart grid, developing countries like India , which still are building the electric infrastructure, are uniquely positioned to take advantage of smart grid by completely bypassing many of the technologies that emerged in the last decade and are at the verge of extinction.


Indian manpower said...

Thanks for sharing...

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