You hear a lot about Big Data these days, but what is big data, and what does it mean in today's energy domain? Quite simply, the amount of data required for day-to-day operations in the utility space has exploded. Generation and load serving entities capture trillions of bytes of information from customers, suppliers, market operators, retail meters and system operations. Big Data—massive pools of data that must be captured, communicated, aggregated, stored, and analyzed—is now a fact of life in every sector of the utility industry. In addition to the unending stream of data pouring in from CRM systems, ISO Markets and energy procurement operations, billions of networked sensors are now finding their way into physical devices like smart meters, power plant revenue meters, EV chargers, facility management systems, and so on. The list keeps growing. The ability to extract timely actionable intelligence from huge datasets now takes its place alongside more traditional factors of production such as hard assets and human capital as sine qua non; efficient operations, planning, innovation, and growth simply can’t happen without it.
How much data is Big Data? From EnDimensions' standpoint, big data is not defined so much in terms of the data set itself as in the approach that is taken to manage it. We see big data in terms of the specialized database designs, system architectures, analytics and visualization techniques that are required to place high-quality business intelligence at the fingertips of resource planners, business analysts, system operators, department managers and executives. Whether the task is to evaluate the performance of demand response programs or analyze the financial impact of green energy resources, the response must be fast, accurate, reproducible and documentable.
EnDimensions foresaw the data explosion and designed EnSuite® from the ground up with big data in mind. Data vectorization, targeted denormalization, standardization and data segmentation are a few examples of the approach we take to turbocharge our business intelligence systems. The EnDimensions solution suite is a wise choice for energy companies looking to organize their diverse data universe into a high-octane purpose-built, one stop shop for business intelligence, so you can focus on the destination and let EnSuite® take care of the journey.