[show_avatar firstname.lastname@example.org align=left avatar_size=30]“The Future belongs to the companies who figure out how to collect and use data successfully.”
~ An O’Reilly Radar Report: What is Data Science?
The analytics market is enormous; it is estimated at around $70 billion today, growing at an astounding 14-20% per year.1 And everyone’s getting in, from the technology heavyweights to the warehousing specialists to the visualization tool vendors to industry-specific companies across all sectors.
The utility industry is no different. Energy Central’s Utility Analytics Institute forecasts that utilities worldwide will spend over $2 billion2 and Pike Research forecasts over $4 billion annually on analytics by 2015, with a 65% compound annual growth rate (CAGR) from 2010.3