Importance of effective Data Management in analytics
- Mar 31, 2020 4:17 pm GMT
This item is part of the Special Issue - 2020-03 - Innovation in Power, click here for more
Electric utilities across the world are investing big in advanced analytics to transform the business on their journey to establishing a data-driven organization.
Utilities are using an enormous amount of data from various devices and systems in a plethora of use cases. Examples include optimizing the electrical grid for grid reliability, Distributed Energy Resource (DER) optimization, and predictive asset maintenance. Deployment of smart meters and sensors across networks are providing further insights and opportunities. With advanced analytics serving as an essential differentiator from past practices in achieving business goals, there are tremendous opportunities to unlock new business capabilities and business models to enable a practical digital utility.
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