The “Early & Often” Approach to Analytics
- Dec 8, 2021 7:00 am GMT
This item is part of the Data Analytics & Intelligence - December 2021 SPECIAL ISSUE, click here for more
After over a century of stability and incremental change, the utility industry is now undergoing massive changes. Distributed energy resources (DERs) are changing how the grid operates and how customers engage with their local utility. The pace of growth of electric vehicle (EV) usage is accelerating. Generation sources are no longer exclusively centralized and are becoming decentralized and localized.
One common thread across these and other changes in the utility industry is the presence and role of data and analytics, which present their own challenges and benefits for utility leaders navigating this evolving landscape. As the utility industry posture towards data and analytics has evolved from simply managing masses of data to leveraging that data for predictive and prescriptive insights, utility leaders can see that not only is analytics a “nice to have” it is quickly becoming a requirement to meet the needs of the changes in their operational and customer landscape.
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