The Next 10 Years: Making the most of all that data
By: SGN Staff
Editor's note: SGN is celebrating its 10th year with a look ahead. This is the 10th installment of our The Next 10 Years series where industry insiders offer insights on smart grid issues and trends they expect to see in the coming decade. (The previous segments are linked at the end of today's story.) As always, we welcome your comments; please use the Talk Back form at the bottom of the page.
By Doug Peeples
SGN News Editor
The utility industry wanted more data, and now it's available in quantities that may not have been foreseen. What are the best ways of managing all that data, interpreting it and getting the most value? Smart grid professionals offered thoughts on how to do it right and get the business intelligence to succeed in the next decade.
Jeremy Eaton, Honeywell Smart Grid Solutions VP and general manager, provided a succinct summary of the issue: "In recent years, Honeywell has seen the widespread deployment of smart meters and a corresponding increase in access to granular energy use data. At the same time, the majority of homes and businesses in the United States (and beyond) have Wi-Fi connections, and want remote access to information through smartphones and other mobile devices. As a result, smart grid deployments will need to be tightly integrated as utilities look for combined hardware and software solutions that deliver energy data â€" and coaching â€" in a seamless manner."
Sensus CEO and President Peter Mainz expects to smart grid analytics used to manage the balance of renewable energy and localized energy generation and storage, along with conventional energy sources. And to make the best use of data analytics and its benefits? "In Smart Grid 2.0 the focus will move from gathering data to transforming data into actionable information that enables utilities to better manage their distribution networks, and consumers to make more informed choices in their usage of energy and scarce water resources."
And that unprecedented availability of data, coupled with sophisticated analytics "solutions, will drive utilities to tranform many aspects of their business, observes Rodger Smith, SVP and General Manager, Utilities at Oracle.
For example," Smith says, "utilities can integrate work and asset management systems with field operational performance data to better assess, identify and avoid operational risk."