Electricity Asset Management Plan 2019-2029
216
Vector Limited://
PROPOSED INVESTMENT SUMMARY ($MILLION NOMINAL)
DESCRIPTION
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY27
FY28
FY29 TOTAL
Ongoing customer engagement transformation
0.44
1.32
0.88
2.64
Total CAPEX
0.00
0.00
0.44
1.32
0.88
0.00
0.00
0.00
0.00
0.00
2.64
CLOUD MIGRATION
NEEDS STATEMENT Our information systems, processes and data have been developed over time with the aim of providing stable, consistent and valuable customer, business and operational services. These services have traditionally been provided through on premise servers and datacentre infrastructure. With the rapid evolution of cloud services, and the inherent advantages of automated scaling, reduced operational cost and significantly improved resilience and recovery, there is an urgent need to move towards cloud based infrastructure. This emergence of cloud technologies directly supports the objectives of asset management through improved capability (e.g. for data storage and backup), enable enhanced data analytics and simplify the digital technology infrastructure at a more efficient cost. More importantly, the migration of applications and infrastructure to cloud first technologies also provides enhanced capabilities to capture and consume the increasing amount of data that is being generated and used across the network, and then better utilise this data in near real time to make accurate, relevant and timely decisions. Increasing penetration of DERs, investments in technology at the grid edge, increasing scale of microgrid deployments, distributed control of network assets all require significant connectivity with an associated demand on computing power – cloud first technologies provide this computing power at scale at a significantly lower cost per unit than on-premise and datacentre infrastructure.
TARGETED OUTCOMES
CUSTOMER EXPERIENCE
SAFETY
RELIABILITY
RESILIENCE
OPERATIONAL EFFICIENCY
CYBER SECURITY AND PRIVACY
OPTIONS CONSIDERED Options to address the need identified above have been assessed and are summarised in the following table.
DESCRIPTION
DISCUSSION OF OPTION
ESTIMATED COST (NPV IF APPLICABLE)
STATUS
Option 1: Business as usual – no additional investment
Continue with management and maintenance of core technology infrastructure in existing physical server and data-centre capabilities, with continued investment in on premise infrastructure to support increasing volume of data, processing and backup required due to rapidly changing connectivity across network assets Build readiness for cloud migration through standardising existing cloud environments, simplifying account and hierarchy structures and identifying those server workloads which have the lowest complexity. From there begin moving these workloads to cloud services and continue to optimise cloud investments towards high value transactions, providing greater elasticity, self-service provisioning, redundancy and a flexible ‘pay-per-use’ model
Rejected
Option 2: Undertake migration towards cloud services
$3.28M Selected
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