Information is the lifeline of a businesses’ sustainability. With a rapidly changing business climate, evolution of technology, new policies and regulation as well as the emergence of new competitors, energy and utility firms are turning to data to create new business models – a model that incorporates past, current and future predictions. Not too long ago, the process of aggregating raw data was fairly logical and straightforward, however today, it is complex, costly and time consuming. As the growth of unstructured data continues to escalate, so too are the pressures for CIOs to gain better insight, confidently predict outcomes and take actions that stand out amongst a crowded marketplace.

The amount of data generated by the Smart Grid is astounding. For example, smart metering inevitably increases the amount of meter data utilities must handle – generating on average 50 bytes of data per hourly read. Additionally a synchrophasor– a phasor measurement unit that tracks electrical waves across the power grid to monitor the health of the system- takes readings sixty times a second. This adds up to four-hundred ninety-four megabytes a day, one-hundred seventy-six gigabytes of data a year per synchrophaser. Today there are a number of devices in addition to smart meters being used in the energy and utilities industry to collect data, including line default detectors, sagometers which generate 12 readings per hour at 50 bytes per read and storage devices such as batteries that produce 100 byte reads per hour. Together, these devices create an astronomical amount of data. Keep reading →