The energy and utilities industry is under immense pressure to be more energy efficient, conserve natural resources, and reduce global carbon emission. To accomplish this, the industry is adopting intelligent devices such as smart grids, meters, and appliances that have changed the way people interact with utility assets, companies, and services. This enables the collection of massive amounts of data from devices, which include data on operations, energy consumption, configuration, and power factor. AoT solutions leverage historical patterns of occupancy, people movement, provision of natural lighting, temperature, energy consumption, and other information collected by sensors, smart meters, controllers, and actuators. Based on this data, AoT enables smart insights for intelligent decision-making. The benefits offered by AoT to the energy and utilities industry include asset efficiency analysis, smart grid security and theft detection, root cause analysis, preventive equipment maintenance, correction and exception analysis, demand response management, carbon emission analytics, field service management, and real-time customer billing and provisioning.
IoT Analytics in Energy and Utilities
Oracle provides an IoT platform to develop new IoT services quickly, using Oracle portfolio of products. This enables organizations to handle growing volumes of data, streamline application development and deployment, automate integration of data, and protect the data across the entire IoT value chain. Oracle provides a variety of IoT analytics solutions, including Oracle IoT Cloud Platform as a Service (PaaS) and Oracle IoT applications with built-in analytics for Key Performance Indicators (KPIs), anomaly detection, comparative analytics, and predictive analytics. Oracle also provides an IoT cloud service which is a secure and scalable platform to quickly build and deploy IoT applications, and capture and analyze IoT data.
The Cumulocity IoT from Software AG is an IoT platform which connects any device from any of the cloud platforms and can be integrated with any of the applications. The platform is very quick to start, in just ten minutes and in very simple steps. The platform offers the benefit of not requiring coding and analysis for business users and analysis can be carried out without coding or programming skills. Users require the same APIs, data and analytics models everywhere, in the cloud and on-premises.