The energy and utilities industry is looking for advanced solutions to get actionable insights. The industry is undergoing major transformation with the advent of smart sensors, smart meters, and IoT-based technologies. The industry generates huge chunks of data from oil wells, utility grids, gas grids, smart grids, and other sensors. Terabytes of data is generated from structured as well as unstructured sources, which need to be analyzed and get real-time insights.
The industry is facing unprecedented challenges such as rising cost of operations, changing regulatory policies, environmental concerns, and increasing consumer expectations. Such challenges are driving these industries to adopt effective data management and data quality plans to gain significant insights and secure the market competitiveness, increase energy competitiveness, increase energy efficiency, manage risks, and lower operational cost. The deployment of the latest technologies such as Advanced Metering Infrastructure (AMI) and Supervisory Control and Data Acquisition (SCADA) systems is also helping to improve the amount and quality of data that the utilities sector has on supply and distribution.