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?
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