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United Nations Upholds KAILASA's Juridical Statehood

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Gavriel Dardashti Claims Calls for Ceasefire in Gaza Motivated by Anti-Semitism

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AN APPEAL TO THE UNITED NATIONS TO SECURE ARMENIAN REFUGEES FROM KARABAKH, THEIR CHURCHES, TURN THE REGION INTO AN INTERNATIONAL INTER-FAITH PEACE PARK

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DIARY ALERT: Join the dialogue on how compassionate actions catalyze gender equity for survivors of gender-based violence

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Jewish Students at Florida International University stay strong and united, despite attempts made by anti Israel supporters

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Things You Might Not Know About The Situation In The Middle East By Frances Fuller, Bestselling Author Of In Borrowed Houses

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Peace Walk and Art Exhibition in Houston Hosted by Global Peace Organization

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Stop the Unfolding Igbo Genocide: President Bola Tinubu's Premature Accusations and Orders Against IPOB Violate International Humanitarian Norms, Warns BILIE Human Rights Initiative-London UK

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Easy Dynamics and Beruku Identity Forge Partnership to Enhance U.S. Government Identity Proofing

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Footage Foundation co-founder travels to Mexico City to deliver a strong message of compassion on behalf of refugees and migrants

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KAILASA Unveils Multiple of its Sovereign Locations on Guru Purnima 2024

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THE US EXPERTS: AMERICAN SANCTIONS NEED TO BE REASSESSED IN LIGHT OF THE EU COURT OF JUSTICE CLEARING DMITRY PUMPYANSKY

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HWPL celebrates 10th anniversary of global peace summit and unity

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Annual HWPL World Peace Summit Celebrates a Decade of Global Commitment to Peace

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The 10th Anniversary of the HWPL World Peace Summit Celebrates a Decade of Global Commitment to Peace

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Marquis Who's Who Honors Edward A. Corcoran for Expertise in Military and Government Affairs

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United Nations publishes 17th report of KAILASA: A Landmark Call for Protection of LGBTIQ+ Persons

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SJ Manders Exposes the Harsh Reality in Gaza with Her Compelling Works

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An Ode to Joy: Dr. Barbara Taber Unveils High-Stakes Insights on Summer '24 and the Coming Election in Long-Awaited New Episode

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How Industry Experts See Trump’s Return to the White House Impacting Housing

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The post How Industry Experts See Trump’s Return to the White House Impacting Housing appeared first on RISMedia.




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The post Consumer Sentiment Turns Positive as Inflation Slows appeared first on RISMedia.




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Canada Goose Q2 shows steady progress despite challenging environment

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Cambodia’s apparel exports to Europe hit $2.29 bn, 30% of total

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Shopping Addictions Satisfied Here!!! International Drive Resort Area Offers Orlando Visitors Endless Shopping for Hot Bargains!

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I-Ride Trolley utilizes latest technology to transport visitors along Orlandos tourist corridor

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Data Analytics Is an Essential Step in Current Utility Operations

Data Analytics Is an Essential Step in Current Utility Operations hsauer Wed, 11/16/2022 - 09:47

Data Analytics Is an Essential Step in Current Utility Operations

Virtually every industry is becoming increasingly data-driven to keep up with today’s fast-paced business landscape. Big data solutions are essential for modern companies, as they help streamline operations, boost productivity and meet the bottom line.

The utility industry is undergoing a major overhaul in terms of digitization. Companies understand they must evolve in the era of big data, which involves adopting new technologies, updating operational processes and keeping up with ever-changing demands. As data analytics becomes more prevalent in utility operations, it will play a vital role in this industry’s growth and can offer important benefits.

Itron, which offers solutions for energy and water resource management, released a 2022 report analyzing how utility companies and cities were leveraging data analytics solutions. It discusses key findings from surveys of 600 utility executives and 600 informed customers from five countries, including the United States, Spain, India, the United Kingdom and Australia.

Itron’s report suggests that more than 9 out of 10 survey participants agree that leveraging real-time data analytics insights is very important. Disruptors in the industry are evolving, requiring the latest solutions to keep up and improve C-suite decision-making. For instance, electric companies handling pole inspections and inventories are notoriously siloed, meaning departments often neglect the company’s data needs, according to a March 2022 report from utility software provider Ike. Pole inspection and inventory data must be reformatted to prepare it for new data analytics.

This is only one example, but consider the other types of utilities and how many departments could benefit from a more comprehensive data management and analytics solution. Utility executives know that harnessing the power of data for analysis is something they must adapt to in the next few years.

Itron’s report also suggests that personalized utility insights for customers could be a major trend in the industry going forward. Companies that offer customers the ability to gain insight into their energy and water systems enable them to make better decisions regarding their bills and energy consumption. The report even suggests people are willing to pay more if providers offer personalized insights.

Eco-friendly consumers can also choose new electrical, water or heating and cooling systems to improve energy-efficiency and create a more environmentally friendly home or business.

Data analytics can also benefit utilities in terms of cybersecurity. Utilities are not immune from cyberattacks—in fact, the energy and utility sector is a major target for cybercrime, according to a July 2022 article in IIOT Power.

It’s no surprise that threat actors target these companies as more tech emerges in the field. They see an expanded attack surface and an increased likelihood of making a significant profit from attacking critical infrastructure. Any utility company must therefore understand the importance of cybersecurity as analytics becomes ubiquitous. These solutions must have various preventive security measures to be used effectively, whether water or electric utility data analytics.

According to the report, in the next five years, utilities will leverage data analytics capabilities, particularly those with compatible edge intelligence devices. The industrial internet of things and other advanced analytics devices will play a crucial role in effective analytics.

Leveraging tech investments equipped with edge computing technologies is a no-brainer for utilities. They can collect massive amounts of operational data while decreasing latency, ultimately speeding up decision-making processes.

Operating at the edge could have a major impact on the quality of life of utility customers due to the increasing severity of weather events. Managing extreme conditions is a challenge for utilities, but the edge is a transformational technology expected to increase efficiency and facilitate faster response times to significant events.

The report further notes that while utility companies might struggle to adopt and implement new data analytics solutions, these tools will become indispensable in the digital age.

Now is the time for leaders in the energy and utility industry to stay abreast of current trends, explore opportunities with data analytics vendors and begin the procurement process. The future of utilities will increasingly rely on data analytics solutions and the benefits they provide.

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