Analytics Strategies in the Utility Industry.
When it comes to Big data and Analytics (BDA) initiatives in the utility
industry, it is obvious that, we are always at the early stage of this trend. Doubts
and uncertainties remain weighing when it comes to key success factors, and how to leverage internal expertise, and
how to direct an initiative.
Connectikpeople.co soon #Retinknow® has demystified the Big data and Analytics(BDA) trend, and we work in real-time to help enterprises understand in real-time,
the merits of Analytics, the correlation between dimensions of big data
analytics and the resulting high or low achievement of big data analytics
success.
The new IDC Energy Insights report,
entitled “The Maturity of Analytics Strategies in the Utility Industry”. This report
presents mini case studies to highlight how different typical utilities are
approaching their big data analytics initiatives.
Based on the research findings, this new report provides a cross-sectional
view from the industry of why and how these typical utilities are looking at
analytics, what has driven their efforts, how they are structuring their
efforts, what aspects of big data they are looking at, and what technologies,
if any, they are using.
Key findings of this report include:
- Utilities are taking a variety of approaches to using technology for big data analytics; while some utilities are finding it useful to partner early, other utilities are intentionally delaying the technology component pending progress in other dimensions of their analytics maturity.
- While most utilities are focusing on a select few use cases, this research shows that this is not a universal practice and that some utilities are bolder than other utilities in this area.
- Strong leadership of BDA initiatives is almost always beneficial, although this research shows that this often requires patience and perseverance.
- Utility industry executives who would like to find relevant analytics case studies in another vertical context should look at the telecommunications industry, which in addition to presenting structural and business similarities to the utility industry has some worthy examples of analytics leadership.
Connectikpeople.co soon #Retinknow®, congratulates IDC for its great job.
