BLOG

Driving Energy Efficiency with Smart Grid and Data Analytics

Dec 14, 2017

The electric grid all across the world is an engineering marvel that is distributing more than 1 million megawatts of energy across 300,000 miles of transmission lines. Even with such enormous capacities, many countries are facing issues of power shortage, which is caused by an insufficient power supply or an inefficient grid system. The emergence of digital technologies has enabled power companies and power authorities to manage the electrical network far more efficiently. With the help of a powerful computer, automation technologies, and data a smart grid can efficiently transmit electricity. The smart grid allows companies to quickly restore electricity after a power disturbance, reduce operations and management costs, reduce peak demand, integrate large-scale renewable energy systems, and provide improved security. So how can data analytics revolutionize the smart grid market space?

For more information on how data analytics can redefine the smart grid sector, get in touch with us.

Transformer Monitoring

Power companies use data analytics to predict transformer failures so that the load can be efficiently allocated and distributed. Data can also help power companies to fully utilize transformer assets by using transformer monitoring programs, which compares the loading of the transformer over a period with standard operational parameters. Because of such constant monitoring, power companies can procure replacements before incurring power outages. With the efficient utilization of transformer assets, a smart grid can significantly reduce infrastructure costs.

Conservation Voltage Reduction (CVR)

A smart grid ensures that line voltage meets the operational targets, allowing utilities to manage demand and energy consumptions better. Additionally, usage of CVR along with smart grid results in peak shaving, lowered emissions, and mitigation of distributed generation (DG) voltage impacts.

Request a free brochure to learn more about our offerings for the energy sector.

Theft and Leak Detection

Data analytics can analyze and identify patterns associated with tamper events during power usage and compare it with usage among similar residences to identify potential energy theft. Advanced analytics in the smart grid system can detect anomalies in the usage pattern and notify the concerned authority of possible power thefts or power leaks.

Demand Forecasting

Advanced metering infrastructure (AMI) in a smart grid can capture interval data across broad consumer demographics to generate usage patterns. Analyzing this information along with historical data, weather, and other demographics information allows utility companies to accurately predict future demand and adjust their energy supply as per the forecasts.

Schedule a free demo to gain comprehensive insights into our smart analytics platforms that leverage advanced technology to help energy companies tap into new data sources.

Marketing Programs

All implemented smart grids are continually gathering customer data, which can later be used to improve customer satisfaction. As energy companies are facing increased price and demand pressure, they are always willing to experiment with new programs. Data analytics can help identify which customer cohort are more likely to adopt the new program by merging meter data with demographic and financial data of the customer.

Related Articles:

Ready to Harness Game-Changing Insights?

Request a free solution pilot to know how we can help you derive intelligent, actionable insights from complex, unstructured data with minimum effort to drive competitive readiness, market excellence, and success.

Recent Blogs

Workforce Management Trends of 2021

Workforce Management Trends of 2021

Driven by the disruption of COVID-19 and enabled by technology, the world’s business leaders can redesign workforce management and redefine ways of working. Organizations are now rethinking workforce management, planning, performance, and experience strategies. Now,...

read more
Tech Trends 2021

Tech Trends 2021

After disruptions caused by the coronavirus crisis starting in 2020, businesses are looking forward to getting back on course and becoming sustainable. 2020 has created havoc and made holes in long-standing norms about how companies operate. It has become evident that...

read more
Sustainable Supply Chain and Big Data Analytics

Sustainable Supply Chain and Big Data Analytics

Sustainability concerns are sprouting up in every industry. A growing population of consumers now prefer eco-friendly and sustainable businesses. Organizations are striving to address this concern, while improving internal systems and processes, by developing supply...

read more

Industries

Our advanced analytics expertise spans across industries, sectors, and functions, which enables us to deliver robust, agile solutions to all our clients. These are our core competencies, formed through years of experience.

Insights

Our free resources shed light on our extensive expertise and equip you with information to accelerate decision-making, growth, and innovation.