There is significant opportunity for electric, water and gas utilities to benefit from smarter analytics. Learn more in the Utility Automation and Integration report:
http://bv.com/reports
Transcript:
Data analytics in today's context are largely centered on collecting, managing, and understanding what data is there and what data we can use. We are seeing a lot of new data so it's about getting a handle on what's in the data and understanding what the data is telling us. As we progress forward, we are going to get more and more confident that we understand what's in the data and we're going to start to look at ways to use more advanced math techniques to actually understand how we can affect results. How we can predict what could happen and how we can change the behavior to address that.
I think today one of the benefits of data analytics is being seen in the industry as the focus on energy efficiency. It's a good example to really talk about what analytics can provide in terms of a framework for the overall effectiveness of the grid. Without meters or without other data sources it's not possible to understand what energy is really flowing. If you don't understand how it's flowing, its really hard to understand how to make it flow more efficiently.
I think the biggest problem we've seen in terms of a barrier to implementing analytics is understanding what the ROI is or the payback. Many cases, the foundation of an analytic is really going to solve or address many different business cases and business values will evolve over time.
I think the key takeaway for analytics is we're really on the cusp of a new frontier in being able to take advantage of these large new sources of data that provide a much richer context of what's happening and what needs to happen in terms of grid resiliency and operation. We can discover through those analytics ways to maturely improve the operation and resiliency of the grid.
Utility Analytics Strengthens Asset Management black mirror season 5 | |
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| Science & Technology | Upload TimePublished on 27 Jan 2014 |
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