Energy Data in 2020
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- Jan 31, 2020 12:00 pm GMTJan 26, 2020 11:18 pm GMT
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This item is part of the Special Issue - 2020-01 - Predictions & Trends, click here for more
1. Introduction- The Smart Grid and Big Data.
The key word in electric power systems in 2020 is “disruption”. The energy sector generally has remained insulated from the impact of technology while technology has been fundamentally altering the landscape in many other industries. But for the energy sector, that is true no more. If you want to stay competitive and relevant in energy, then realize that information and communication technologies are now impacting power systems.
In the data arena, business goals dictate any entity’s data needs and selection of technology which will help achieve those goals. Entities need to be responsive to customer demands for more flexibility, reliability, better cost control, and innovative service models, collectively referred to as the “Smart Grid.” “Energy-as-a-service” business models may also facilitate customers’ energy efficiency, as well as reduce costs, and stoke additional best practices in energy management for them.