May 10, 2012
From the Global Energy Institute
This document focuses on the challenges of "big data" and the significant opportunities for utilities to develop insight into their business and improve business operations both company-wide and in specific areas.
With the increasing use of smart grid technology, utility companies are faced with the issue of how to manage the resulting accumulation of trillions of kilobytes of unstructured data. While the ability to collect, manage, and analyze data effectively can lead to better business decisions and lasting competitive advantage, the amount of data can be overwhelming.
Utility companies should consider how data analytics can help them improve their performance now while also preparing them for future changes in the utility sector.