Big data analytics has the potential to address and improve several issues in the power sector – operational, strategic, and financial, among others.
Cloud computing, machine learning, Internet of Things (IoT), robotics, blockchain and cybersecurity are being deployed by utilities in their operations. These are the big current and future investment avenues for utilities, and they all have one thing in common: they generate huge amount of data. And the data generated is growing each year as more and more smart devices and technologies are being deployed within the power systems infrastructure by utilities as well as consumers. Much of the utilities’ infrastructure is becoming smart – meaning that it has built-in processing, connectivity, and sensing capabilities. Electric vehicles (EVs), smart home systems, grid management systems, and many more subsystems are likely to interface with utilities and provide them with potentially valuable data.
Get Sample PDF Brochure @ https://www.reportsintellect.com/sample-request/1042358
The challenge for utilities is to make this data useful and generate actionable insights from it. Benefiting from big data is not straightforward and utilities need to deploy a range of new IT solutions that allow them to collect the data in consistent ways, transport it, secure it, analyze it and store it. Solutions that manage big data in the industry need to quickly make sense of data from multiple sources and in diverse formats. Several big data analytics products and platforms are already being used in order to harness this data.
Currently only a small number of utilities have adopted big data analytics actively. It is mostly the largest utilities in the world and very few smaller utilities that have embraced the technology. While some of these utilities have designated other companies to implement big data in their businesses, some have collaborated with technology companies through partnerships and joint ventures to build new products and services specific to the power sector that can be sold to other utilities.
– This report explores the usage of Big Data and analytics in the utilities industry.
– The report discusses the latest trends and developments in the field of big data and how these affect utilities. The report further gives a brief analysis of the big data industry and lists several use cases and case studies for big data in utilities.
– The report also explores the value chain of the big data industry and lists the companies implementing big data applications in the utility sector.
Discount PDF Brochure @ https://www.reportsintellect.com/discount-request/1042358
Reasons to buy
The report provides –
– A comprehensive analysis of the present scenario and emerging market trends in the global big data industry.
– Insights of the global market leaders and challengers in the big data industry and where do they fit in the value chain.
– Extensive analysis of the applications of big data in power utilities.
– Profiles of major market players within the big data industry, which aid in interpreting the competitive outlook of the big data industry.
- How to Choose Hair Colour for Your Skin Tone
- How to Start a Business in New Jersey
- Networking Like a Natural: Designing the Perfect Business Card
- INTERNET OF THINGS (IOT) DEVELOP SERVICES MARKET TREND EXPECTED TO REACH MULTI BILLION DOLLARS BY 2026
- COMPUTER ASSISTED CODING (CAC) SOFTWARE MARKET TO WITNESS ROBUST EXPANSION THROUGHOUT THE FORECAST PERIOD 2020-2026
- REAL-TIME PCR (QPCR) AND DIGITAL PCR (DPCR) MARKET TO RECEIVE OVERWHELMING HIKE IN REVENUES BY 2020 – 2026
- OFFICE SPACE PLANNING AND DESIGN SERVICES MARKET 2020 INDUSTRY COMPETITIVE PERSPECTIVE, DEVELOPMENT HISTORY, REGIONAL FORECAST BY 2026
- BUSINESS INFORMATION MARKET TO UNDERTAKE STRAPPING GROWTH BY THE END 2026
- FAR-INFRARED SPECTROSCOPY MARKET GROWTH, ONGOING TRENDS, OPPORTUNITIES AND FORECAST TO 2026
- NETWORK ANALYSIS MODULE (NAM) MARKET ANALYSIS, SIZE, SHARE, GROWTH, TRENDS, AND FORECAST 2020 – 2026
- Cleanroom Technology to see a great uproar amidst the COVID-19 situation.
- A new innovation to boost the EV Automotive Market.
- Healthcare and Medical Simulation Market to 2024 Players/Suppliers, Revenue, Volume and Growth Rate by Key Players: Laerdal, CAE, 3D Systems, Ambu, Kyoto Kagaku, Limbs&Things
- Financial Sponsor or Syndicated Loans Market Types, Applications, Leading Countries, Challenges, Opportunities & Drivers Analysis by Goldman Sachs, Barclays, Credit Suisse, JPMorgan
- Corporate Wellness Software Market Supply Demand, Revenue, Investment Feasibility, Market size & Upcoming Trends by Key Vendors: CoreHealth Technologies, MediKeeper, Wellness Layers
- Corporate Leadership Training Market to 2024 Manufactures, Types, Applications, Market Dynamics & Trends by Key Players: Dalecarnegie, Inspireone, Pragati Leadership, Infoprolearning
- Cloud Applications Market Research Analysis of Capacity, Price, Gross Margin, Market share, Recent Trends & Key Players: Yahoo, AWS, Oracle, Aliyun, Microsoft Azure, DELL
- Cartilage Repair/ Cartilage Regeneration Market projected to reach USD 1288.47 million by 2025 by Key Players: Zimmer Biomet Holdings, DepuySynthes, Vericel, Smith & Nephew PLC
- Cards and Payments Market Outlook to 2024 Emerging Trends, Highlights and Challenges by Key Players: Gemalto, G&D, Oberthur, Morpho (Safran), VALID, Eastcompeace
- Virtual Payment Terminal Market Growth by Industry Analysis, Size, Share, Opportunities, Key Manufacturers, Drivers and Forecast to 2024