Market Research Report
Big Data in Utilities - Thematic Research
|Published by||GlobalData||Product code||663476|
|Published||Content info||38 Pages
Delivery time: 1-2 business days
|Big Data in Utilities - Thematic Research|
|Published: June 14, 2018||Content info: 38 Pages||
Big Data is at the heart of virtually everything done online. The data center, or 'bit barn', is an organization's brain. It takes in, stores, analyses and disseminates the data through which the organization lives.
By 2022, the Internet of Things - which refers to the network of every day 'things' such as vehicles, home appliances and other devices embedded with electronics and software which enable these objects to connect and exchange data - will be in full swing. This involves at least 29 billion connected devices, each running smart, pixel-rich, voice-driven, data-streaming app's.
Increasingly, utilities own or can access huge volumes of data from smart metering systems, syncrophasors, smart homes and other sources of data. In addition, more of the utilities infrastructure is becoming smart - meaning that it has built-in processing, connectivity, and sensing capabilities. Electric vehicles (EVs), smart home systems, and many more subsystems are likely to interface with utilities and provide them with potentially valuable data.
However, the challenge for utilities is to make that data useful and generate actionable insights from it. With the proliferation of smart meters, smart grid systems, and other sources of data like EVs, utilities will gain access to potentially valuable and unique datasets. However, benefiting from Big Data is not straightforward and utilities need to deploy a range of new IT solutions that allow them to collect the data in consistent ways, transport it, secure it, analyze it and store it. Solutions that manage Big Data in the industry need to quickly make sense of data from multiple sources and in diverse formats.
The report "Big Data in Utilities - Thematic Research", offers a framework in which to look at Big Data, summarizes the important trends, and identifies the key players. The report also helps in identifying winners and losers based on technology leadership, market position and other factors.