Accenture launched five advanced analytics applications last week for utilities, oil and gas, chemicals, metals and mining companies. Accenture developed each on the Accenture Analytics Applications Platform. They support pricing, risk management, credit collection, energy trading and workforce planning decisions.
Delta just announced its new Intelligent Distribution Analytics Platform designed to warn electric, gas, and water utilities of critical issues in real-time.
Manufacturing, utilities and transportation will be the top three verticals using Internet of Things devices in 2015, with 736 million connected devices in use next year, forecasts Gartner.
Smart meters, which enable utilities to communicate wirelessly with home energy systems, are being criticized for invading home owners' privacy and, in some cases, starting fires.
The top news stories for July 22, 2014.
More than half of utilities say they are not ready for cyberattacks, according to data in an infographic compiled by the Smart Grid Interoperability Panel.
A renewed emphasis on the security of utilities infrastructure will spur $8.4 billion in security spending by companies and governments this year, predicts market research firm Visiongain.
Utilities are increasingly using mobile apps to educate consumers about how to reduce energy consumption and improve efficiency.
Small and medium-sized enterprises are expected to make up an increasing share of the machine-to-machine market, which is expected to total $10 billion in revenue this year, according to a recent report by Analysys Mason.
The cellular machine-to-machine market is expected to increase 14 percent in 2012 over 2011, reaching €22 billion, according to a recent report by consulting and research firm IDATE.