White Paper

Advanced Analytics for Energy Utilities – The Fast Path to a Profitable Future

advanced analytics for utilities white paper download
Applications for advanced analytics in the utilities industry have the potential for adding significant business value in a number of ways:

  • Revenue enhancement via new services such as renewable power generation
  • Increased operational efficiency by better balancing of supply and demand
  • Reduced costs by prevention of power loss and other breakdowns
  • Enhanced security and grid resilience by automated detection and prevention of threats and problems before they impact operations

Achieving these outcomes depends on understanding the use cases across all the operations of the business. In an Internet of Things (IoT) context, one of the most important driving trends is the movement towards new, more innovative infrastructures.

This white paper provides background and examples for moving from improvements in basic operations to developing new products and services that drive new revenue for utilities. Specific topics covered include:

  • How traditional utilities can move from their current architecture to more adaptable infrastructures
  • Description of the analytics value chain and how it can transform energy utililities
  • An example of the application of advanced analytics for supply/demand balancing

The white paper concludes with a discussion of the Vitria IoT Analytics Platform. It is one of the most advanced tools available to help utilities move seamlessly to a better operating model for gaining timely insights and better business outcomes.

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