Dive Summary:
- Writing TMCnet, Cheryl Kaften asks if big data solutions for the smart grid are going to provide utilities with the right data.
- Demand for grid analytics will grow as advanced metering infrastructure (AMI) deployments continue and new tech begins providing more data on an ongoing basis.
- As demand grows, the ability to interpret and sift through data will be just as important, if not more so, that the technology to gather it in the first place.
From the article:
According to a new report from Boulder, Colorado-based Pike Research (News - Alert)—called “Smart Grid Data Analytics”—the volume of system data is expected to grow by several orders of magnitude over time. Overall, the worldwide market for smart grid data analytics is expected to grow steadily through 2020, with cumulative worldwide spending from 2012 through 2020 totaling just over $34 billion.
The bulk of this spending will occur in Asia-Pacific, where annual investment will surpass $2.5 billion by 2020. Asia-Pacific will see early growth rates of over 50 percent and an overall compound annual growth rate (CAGR) of 25 percent—with the bulk of the spending in the world markets. ...
