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BI and Analytics: Making the Smart Utility Intelligent
Datamonitor, June 2010, Pages: 40
With an unprecedented number of external pressures, utilities are being forced to change decades-old business processes. Smart investments are the solution to many of the factors bearing down on utilities. However, smart investments in themselves do not bring significant differentiation. If new meters make a utility smart, it is through BI and analytics that a utility becomes intelligent.
Scope
- The current extraneous pressures bearing down on utilities
- How smart investments address these issues
- How BI and analytics lie at the end point of any smart investment
Highlights of this title
Utilities will be faced by an onslaught of data if they invest in both smart grid and smart metering technologies. Ovum expects that the largest utilities will have storage requirements of petabyte proportions.
From generation, transmission and distribution, through retail and into energy trading and risk management, utilities can extract value from BI investments right across the utility value chain.
There are a number of barriers to adoption of BI and analytics: a culture that prevents members of staff from the commercial side of the business from accessing operational data; data whose quality is so poor would render analysis meaningless; data that sits in silos due to a disparate information architecture.
Key reasons to purchase this title
- See what is riving utilities to invest in smart metering
- Understand how BI and analytics fits in the smart meter value chain
- Understand some of the barriers to BI and analytics adoption in the utilities industry
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