Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Analytics Make Smart Grids Smarter
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > Analytics Make Smart Grids Smarter
Uncategorized

Analytics Make Smart Grids Smarter

TeradataExperts
TeradataExperts
5 Min Read
SHARE

The advent of smart grid and smart meter technology is changing the utility industry’s business model. As a result, utility companies face new requirements to provide advanced analytical and decision-making capabilities. The need to integrate data from many systems such as the Meter Data Management System, the Customer Information System (CIS), the Outage Management System and others, increases the value of the grid while supporting data delivery to a wider range of applications and data consumers.

The advent of smart grid and smart meter technology is changing the utility industry’s business model. As a result, utility companies face new requirements to provide advanced analytical and decision-making capabilities. The need to integrate data from many systems such as the Meter Data Management System, the Customer Information System (CIS), the Outage Management System and others, increases the value of the grid while supporting data delivery to a wider range of applications and data consumers. Utility companies will need to provide this information for many business needs such as the corporate portal, outage management, dynamic pricing, and meter-to-cash analysis. Utility companies need to develop the infrastructure to support the requirements demanded by growing data volumes, new business users, and new data subject areas. There is also an ‘active’ aspect to the requirements as the infrastructure must support the ability to quickly move data into the analytical environment to perform operational analytics and drive real-time decision making based on detailed granular data throughout the utility.

Drivers of an active Smart Grid analytics platform.

Like the telecommunications, retail, and airline industries, the utilities industry has the ability to drive business processes based on detailed customer behavior. These drivers include being able to:

More Read

Scientist: Influencer Theory Is Bogus
Best of 2008: Innovation
SOA design patterns, explored in detail
How does ADAPA handle missing values for Decision Trees?
eMarketing Futures
  • Determine the true effectiveness of energy efficiency programs through the analysis of AMI data and provide more accurate credits.
  • Identify financial issues in the meter-to-cash process, such as incorrect re-bill processing or improper reading adjustments.
  • More accurately identify transformer issues and load increases based on individual customer usage patterns, rather than simply on peak day estimates.
  • Improve customer communications and program enrollment by targeting customers across multiple dynamic segments, rather than a fixed set of predetermined segments.
  • Use Geospatial capabilities to visualize customer usage and event trends.

Many other examples of using detailed meter data exist. The critical aspect is providing the utility company with the ability to support these many applications of the data without creating an unmanageable clutter of data repositories.

A second set of drivers focuses on architectural necessities to support the many data consumers who need access to the valuable information.

Four necessary drivers must be considered:

  • Provide the performance and scalability to support:
    o Large data volumes of interval and event data from smart sensors and smart meters.
    o An increasing number of users accessing the data in different ways, such as very tactical Web services and deep historic trend analysis running at the same time.
    o Reduced data latency from the time events have occurred to the time decisions are driven by the data.
  • Manage costs by simplifying the development and administration of the integration of differing data sources into a common platform, while maintaining data granularity and consistency.
  • Ensure data security through the proper control and auditing of data across the environment to support the different user requirements, from the external customer to the financial analyst.
  • Ensure data accuracy through the use of standardized and agreed upon business rules applied to the data.

By taking a holistic approach to data integration, an active Smart Grid analytics platform becomes highly effective when used throughout the utility to improve performance, efficiency and customer service. Making the best decisions possible is dependent upon gaining the richest insights from all available data in as close to real-time as possible.

Learn more by downloading the white paper, How Teradata Makes the Smart Grid Smarter.

 

Bryan Truex 

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

big data analytics in transporation
Turning Data Into Decisions: How Analytics Improves Transportation Strategy
Analytics Big Data Exclusive
AI and fund manager software
AI And The Acceleration Of Information Flows From Fund Managers To Investors
Artificial Intelligence Exclusive
sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Disputed history of the term Business Intelligence

0 Min Read

Jeff’s Search Engine Caffe: Open Source Resources

1 Min Read
Image
Uncategorized

A White Elephant Named OLAP

7 Min Read

Going Paperless: When does it work?

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?