Why enterprises need to create agility while managing risk.
At a recent federal government summit all attention was on big data. Interestingly, the need for "more governance" was raised by a speaker -- and seconded by another -- as a critical enabler for innovation in the big data era. Panelists discussing potential opportunities and pitfalls of text and social media analytics agreed. - article written by Kimberly Nevala, Director on the SAS best practices team. ...more
Advanced analytics and visualization tools are painting an ever clearer picture of energy demand.
The accuracy of load forecasts is of paramount importance to every utility. A single percentage point increase (or decrease) in load forecast accuracy can be worth millions of dollars. Applying the appropriate analytics tools and methods is essential to high quality data. Given the role of analytics and the direct impact on a utility's bottom line, I reached out to Alyssa Farrell, global manager energy and sustainability solutions at SAS to gain her perspective on the challenges, opportunities, and analytics best practices in the load forecasting arena. ...more
Smart grid was so smart it brought us lots of data. The question remains, however, of how we’re going to make that data work for us: to help with operations, to smooth out costs, to improve customer service. That’s where analytics comes into the game... ...more
As analytics progress in the utility industry, so do the questions about Return On Investment (ROI) and how do utility managers know if they are getting value for all of their investment in and hard work with analytics. The ROI proposition vis-à-vis analytics is admittedly still an evolving science, but at the Institute we are seeing more and more examples of where value is becoming real today. ...more
Utilities are transforming business processes by using analytics in some exciting new ways.
It’s not uncommon for me to hear the question, “Where are the use cases?” After all, smart meters produce enormous amounts of data extending well beyond hourly consumption. Today’s core utility systems generate more and more actionable information, and advanced analytics offer new ways to gain insight from data. ...more
Who’s What’s When’s Where’s Why’s and How’s
The Utility Analytics Institute is getting ready to start up the 2014 Working Groups. At this time, we are seeking group participation from our members. If you are currently a member of the Utility Analytics Institute and would like to participate, please let us know! That’s the Who! ...more
I thought this might be a good time to let our newsletter members know what’s going on at the Institute. We have had a very busy beginning of the year... ...more
Another Entry in our Series on Analytics-Driven Asset Management
During the last three to five years we have seen asset management, long entrenched in the domain of the tactically-oriented O & M department, become a key part of a utility’s strategy. From justifying rates cases to long-term planning and budgeting, asset managers are now in the “strategy business.” ...more
As you may be aware, the Utility Analytics Institute researches and conducts reports on various hot topics within the industry each year. The Executive Advisory Council has submitted their feedback and the topics for the 2014 reports have been determined. ...more
Better data granularity and data integration is yielding benefits for Time Warner Cable
Analytics success stories from other industries seem to always enjoy positive feedback. Last month, we looked at Mood Media's plans to use analytics to maximize the operational efficiency of its installation process. Today, we'll take a look at a Time Warner Cable (TWC) analytics initiative. ...more