By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data Analytics instagram stories
    Data Analytics Helps Marketers Make the Most of Instagram Stories
    15 Min Read
    analyst,women,looking,at,kpi,data,on,computer,screen
    What to Know Before Recruiting an Analyst to Handle Company Data
    6 Min Read
    AI analytics
    AI-Based Analytics Are Changing the Future of Credit Cards
    6 Min Read
    data overload showing data analytics
    How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?
    8 Min Read
    hire a marketing agency with a background in data analytics
    5 Reasons to Hire a Marketing Agency that Knows Data Analytics
    7 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: The New MDM-It’s Not What You Think!
Share
Notification Show More
Aa
SmartData CollectiveSmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > The New MDM-It’s Not What You Think!
Business Intelligence

The New MDM-It’s Not What You Think!

Editor SDC
Last updated: 2010/09/07 at 3:00 PM
Editor SDC
3 Min Read
SHARE

As many of you know, I have a keen interest in the environment. (Don’t even get me started on the whole global warming (weirding) topic!) I’ve often written about corporate sustainability and am enjoying the work I’m doing with Honeywell on marketing their energy management solutions.

More Read

master data management

Master Data Becomes Incredible Differentiator For Countless Businesses

The Misunderstanding of Master Data Management
Plumbing the Salesforce Clouds is Your Business
Business Priorities Point the Way for MDM
How do you define your master data?

As many of you know, I have a keen interest in the environment. (Don’t even get me started on the whole global warming (weirding) topic!) I’ve often written about corporate sustainability and am enjoying the work I’m doing with Honeywell on marketing their energy management solutions.

In doing that work, and some work for one of my other clients, Verizon Business, I’ve been able to learn a lot about energy, including the new “smart grid.” With smart grid, energy distribution will be more of a two-way, with producers of all sorts selling energy through a new, open market. We’re starting to see this already as consumers who install solar panels can sell their excess energy back to their utility.

More importantly, communication between the energy provider and consumer will also be two-way. Information will be passed back and forth that will monitor usage, and can even instruct energy-consuming devices to reduce power or turn off when demand reaches critical peaks.

GTM Research

The amount of information that will be captured through new smart meters will be astounding. With meter readings every five minutes and some utilities storing as much as 36 months of data, we could be talking about exabytes of data, a million terabytes!

A new concept is born—meter data management (MDM). “MDM creates an opportunity for utilities to build intelligent applications across the enterprise, but they need to adopt modern system designs including service oriented architectures to do this,” says Chet Geschickter, a Smart Grid analyst at GTM Research.

You can be sure that some vendors have already anticipated the need to manage this large volume of data for analysis and reporting. Both SAP and Oracle have entered the space and are really the only BI players in the top 11 according to the new GTM Research report. As BI vendors look for the next “killer app,” this is one to consider, as it’s a natural problem for business intelligence to solve, especially since the market is predicted to grow 300% by 2014.

TAGGED: master data management
Editor SDC September 7, 2010
Share This Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

smart home data
7 Mind-Blowing Ways Smart Homes Use Data to Save Your Money
Big Data
ai low code frameworks
AI Can Help Accelerate Development with Low-Code Frameworks
Artificial Intelligence
data Analytics instagram stories
Data Analytics Helps Marketers Make the Most of Instagram Stories
Analytics
data breaches
How Hospital Security Breaches Devastate Local Communities
Policy and Governance

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

master data management
Big DataBusiness IntelligenceExclusive

Master Data Becomes Incredible Differentiator For Countless Businesses

6 Min Read
master data management
Big DataBusiness IntelligenceData ManagementData Warehousing

The Misunderstanding of Master Data Management

8 Min Read

Plumbing the Salesforce Clouds is Your Business

10 Min Read

Business Priorities Point the Way for MDM

7 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 and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?