Smart metering and smart grid technology generate vast amounts of data. However, this data really only benefits consumers and utilities when it's analyzed and applied.
At DistribuTECH 2014, Krishan Gupta (Director of Product Management for eMeter, a Siemens business), explained that smart grid data analytics can help engage customers, make grid operations more efficient, and even optimize how this data is managed and stored. (See video at the end of this post.)
But in the bigger picture, data analytics can ensure that utilities and customers are getting their money's worth from the smart grid. "Utilities often invest tens of millions of dollars into the smart grid. Analytics can show how to turn that investment into real benefits," said Gupta.
Thanks to machine learning technology, energy data analytics is getting smarter than ever. Also, the Analytics Foundation in eMeter's EnergyIP meter data management platform offers easy access to near real-time, actionable information.
More about Siemens at DistribuTECH 2014.
Watch the video here at Smart Grid Watch Blog.