Week in smart metering - the data challenge

What will it take to make utilities hungry for grid-related analytics, asks Claire Volkwyn, editor, Metering & Smart Energy International?
Published: Wed 02 Nov 2016

According to Maikel van Verseveld, CEO of Omnetric, digital transformation is at the top of company agendas across the globe, with conservative estimates suggest that digital optimisation can boost profitability by 20-30%. 

Yet, the process and digitisation is not without challenges. Despite the reported benefit, the challenge for utilities is in the processessing of managing data and applying analytics – a function at the heart of the digital transformation.

The good news is that utilities are starting with an advantage, in that the data required to deliver transformative understanding already exists. Energy providers the world over possess a whole host of operational data, capable of revealing useful insights. The need is not to generate more, but for the leaders of these companies to value the management, analysis and interpretation of what is there already, for the benefit of operations and ultimately, customers.

This is one of the insights brought to you in our newly released Data and analytics special report. As more data flows into a utility, the challenges of managing and drawing useful information from that data are becoming more apparent.

Our experts share their insights and we’d love to hear yours! Have you experienced any specific data management or analysis challenges you would like to share?

More from Metering & Smart Energy International

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UK power and gas utility Scottish Power partnered with engineering solutions firm Actavo for rollout of smart meters in Scotland. Under the terms of the deal, Actavo will supply and install smart meters for some 780,000 customers in Glasgow, Edinburgh and Fife. [Scottish Power signs smart meter deal]. In a press statement, the Ireland-based engineering solutions firm said it will expand its workforce by adding in some new 230 engineers in a bid to speed up the deployment of the smart meters.

Nevada utility firm NV Energy partnered with smart infrastructure solutions provider Aclara Technologies to improve reliability of its grid networks. In a press statement, NV Energy said it is implementing a smart grid project to enhance management and automation of its electricity distribution network. [US utility selects Aclara to boost grid reliability]. The utility firm is using smart grid sensors and software developed by Aclara Technologies to remotely monitor its distribution power lines and substations in Nevada.

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