Power-Utility Analytics Will Hit $3.8 Billion a Year by 2020: Report



Power-Utility Analytics Will Hit $3.8 Billion a Year by 2020: Report (via slashdot)

Spending on power-utility analytics could hit $3.8 billion a year worldwide by 2020, according to a new forecast by GTM Research. Utility companies will employ a broad array of analytics tools, ranging from Hadoop-backed datasets to predictive-analytics platforms and massively parallel processing (…



About Mark Feffer

Mark Feffer is the Managing Editor of Dice. He started as a videotape editor back when there was videotape to edit, then joined the news desk at Dow Jones News/Retrieval, the company's first online product. He produced The Wall Street Journal's first multimedia CD-ROMs and published his novel, "September," in 2006. He lives in Pennsylvania with his wife, their fierce terrier, and a schnauzer who wonders why she ever left California. He's a member of the Project Management Institute.

Comments

  1. BY stevetabler says:

    I don’t like to sound like a complete moron….and my former profession was in industrial electronics, so i can talk -somewhat_ intelligently about the subject…

    I recently moved to another state. My new location is chaI don’t like to sound like a complete moron….and my former profession was in industrial electronics, so i can talk -somewhat_ intelligently about the subject…

    I recently moved to another state. My new location is changing over to “smart grid”…..

    My former location had a different electric company that vehemently denied being “smart-grid”, however, at one point I had to replace the meter and some of the related loop wiring on my house because of the damage endured from a small wind storm. When all the dust had settled, I found I was now upgraded to a meter which had an LCD display. My previous meter, while mechanical, had long sicne been adapted for curbside reading via radio, and presumably the new LCD meter was being used for a like remote reading capability. What happened is that my electric consumption increased substantially, despite carefully shutting down devices that didn’t have to be on all the time, making sure things were turned off and even disconeected when not in use. Also, every last one of my electric lights had been changed to compact flourescent. I expected to see a reduction in my electric bill, but all it ever did was increase!

    In my new community, I am noticing this same trend from the local electric company, except that their prices are starting at a higher point than the prices I enjoed in my former community.

    I cannot help but be suspicious anytime I see these LCD meters, or see something that is related to “smart grid”. Add in “big-data”, and I start to get alarmed.nging over to ‘smart grid”…..
    My former location had a different electric company that vehemently denied being “smart-grid”, however, at one point I had to replace the meter and some of the related loop wiring on my house because of the damage endured from a small wind storm. When all the dust had settled, I found I was now upgraded to a meter which had an LCD display. My previous meter, while mechanical, had long sicne been adapted for curbside reading via radio, and presumably the new LCD meter was being used for a like remote reading capability. What happened is that my electric consumption increased substantially, despite carefully shutting down devices that didn’t have to be on all the time, making sure things were turned off and even disconeected when not in use. Also, every last one of my electric lights had been changed to compact flourescent. I expected to see a reduction in my electric bill, but all it did was increase!

    In my new community, I am noticing this same trend from the local electric company, except that their prices are starting at a higher point than the prices I enjoed in my former community.

    I cannot help but be suspc

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