Energizing a 100-Year-Old Industry
big data has rapidly become an essential strategic asset for the many utilities pursuing a strategy of innovation today. This has not always been the case for the utilities industry. But now there is clearer recognition of the inherent value of current data assets, as well as those that can be accessed externally. No wonder more utilities are actively using big data to reinvigorate their businesses, fuel new operating models and identify innovation and performance improvement opportunities.
From deployment of new and greener sources of energy generation, implementation of the smart grid, tracking real-time utility usage patterns for predictable delivery and optimal pricing, core business processes and operations are increasingly driven by
It’s clear that there are numerous applications for big data and big data analytics throughout the utilities sector that can drive new opportunities for
innovations and insights.
The bottom line for utilities?
Big data holds the key to optimizing operations in the utility industry and to satisfying more demanding consumers and regulators, whilst securing a brighter future for the utilities companies themselves.