Table of Contents
High-volume Data Management and Pattern Analytics will be the True ROI of Smart Meters
Utilities are becoming increasingly aware of the importance of efficient data management in smart metering projects. To manage and use the growing volume and variety of data, they must be capable of high-volume data management and data-pattern analytics. Although many utilities still fail to consider smart metering as a software project, meter data management (MDM) is becoming an important investment category for the deployment of smart meters. This market insight examines the role of MDM systems in the smart energy sector and the top investment opportunities for ICT suppliers, and provides an overview of present and future challenges. The base year is 2013, and the forecast period is 2014 to 2020.
-The pace of implementation of smart meters differs by country, although significant investments have been made throughout Europe. Most European countries are running pilots or are preparing for mass rollouts.
-Utilities are becoming more aware of the importance of efficient data management in smart metering projects.
-To manage and use the growing volume and variety of data, utilities must be capable of high-volume data management and data pattern analytics. Although many still fail to consider smart metering as a software project, meter data management (MDM) is becoming an important investment category for utilities deploying smart meters.
-Initially, the most demand for MDM solutions will come from large distribution system operators (DSOs); mid-size DSOs will follow. Some of the smaller ones will enter partnerships, launching joint MDM tenders.
-Some data management tasks will be outsourced by DSOs to a central data management hub. This is dependent on the data management model established in the country.
-Due to a lack of ICT experience, high risk and high cost, utilities will focus on the core MDM functionalities and the integration with legacy systems. They will develop their IT environment step by step, adding new functionalities in the course of time. This approach requires service-oriented architecture (SOA)-based pre-configured solutions.
-Almost all utilities reject the idea of moving their core MDM functions to the cloud. Cloud-based analytics, contrary to MDM itself, may attract more attention in the coming decade, according to energy companies.
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