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.
Oracle announced today that it is acquiring DataRaker, which provides a cloud-based analytics platform that allows utilities to leverage large amounts of data.
Eventually, smart grid and big data will go together like peanut butter and jelly. But in the implementation phase, they pose distinct challenges for utility power companies. Smart grid technology will surely compound the need for big data solutions.