Posts Tagged ‘metering’

What Will Utilities Do With Massive Volumes of New Data?

Daniel Pearl
Dan Pearl is a technical subject matter expert within EMC's utility industry business unit. He is responsible for analyzing Utility Companies' business challenges and translating them into proven technology solutions that increase performance, reduce risk and accelerate time to market. Dan has worked extensively with leading Smart Grid and AMI vendors to build relevant EMC solutions around meter data management, cyber/physical security, and grid intelligence. He also has prior experience within EMC building solutions in the Oil & Gas sector.
Daniel Pearl

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[show_avatar 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

Why? (more…)