While it’s generally well known across the industry that smart metering and advanced metering infrastructure (AMI) provide large amounts of critical data to utility companies, many companies are not equipped to fully utilize the benefits and opportunities this data provides.
In an effort to use smart meter data to balance loads, improve outage response times, and to better serve customers, utilities should also employ analytics to realize the full value of smart meter and AMI data. This will also help utilities companies gain tangible insight into their operations.
According to Jeff McCracken, Senior Product Line Manager from Itron Analytics, “Simply gathering data isn’t enough. Utilities must also turn data into actionable intelligence.”
Analytics are used in every facet of technology, from engineering, to the creation of internet algorithms, and even the measurement of social media and web marketing.
Analytics are now the foundation of the next-generation utility that will improve the information available both internally to the utility and externally to customers, an article from Green Tech Media explains.
Analytics use the two-way AMI data for programs such as remote connect/disconnect and access to load profile data for customers. With analytics, utilities can balance loads, enhance outage restoration, improve resource efficiency and streamline financial analysis.