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
    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 and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: The New MDM-It’s Not What You Think!
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
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
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.

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 Read

Data-Driven BPM: Making “Big Data” Actionable
A Tale of Two Seas
Retail is Dead. Long Live Retail!
Four Ways to Develop Customers for Life
When Worlds Collide

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
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

master data management
Big DataBusiness IntelligenceExclusive

Master Data Becomes Incredible Differentiator For Countless Businesses

6 Min Read

They’re Baaaack! IT Spending in Retail Returns

8 Min Read

Plumbing the Salesforce Clouds is Your Business

10 Min Read

Rise of Social CRM and how IT & BPO Companies can Profit from it

5 Min Read

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

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
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?