As our society moves deeper into the realms of big data, at times it can seem overwhelming that our actions can generate millions of data points. Therefore, what we do with that data becomes crucial in the new energy landscape, as big data promises to improve our lives by unlocking innovation.
By 2015, 340 million smart meters will be supplying data to utilities worldwide, reading and reporting energy from 15-minute to 1-second intervals. For a medium-sized utility, with a half-million meters, that adds up to 52 billion data points a year. Utilities are not necessarily equipped to interpret this information, and insights can be lost.