Big data and analytics is a hot topic across all industries. Over 80% of organizations consider it to be a strategic priority, and for good reason. Companies that use analytics most effectively are five times more likely to make decisions faster than their competition, twice as much more likely to have top-quartile financial performance, and three times more likely to execute decisions as intended.
For utilities, big data and analytics holds the potential for becoming cutting edge corporations – to go beyond the poles and wires of the traditional utility. By analyzing the right data and identifying areas of opportunity from reliability to workforce management to cost savings, utilities can identify productivity gains and improve performance across the organization.