This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

The Smart Grid Conundrum

Short Takes...on Analytics

Posted by Dave Steiger, Senior Manager, Deloitte Consulting  LLP, Power & Utilities Sector Analytics Leader

Smart grid analytics is getting a lot of attention these days and it’s easy to understand why. With all the data streaming in from smart meters and other intelligent devices, utility companies are eager to put this information to work.

The potential benefits are clear. Some electric companies are using analytics to collect momentary interruptions and other minor events that could help identify and grid vulnerabilities, which could lead to major outages. Others are gaining a deeper understanding of transformer operating conditions, providing insights that can help prolong the life of these valuable assets. Gas and water companies can prioritize pipeline, or other asset replacement and use analytics to avoid major leaks. And that’s just for starters.

While many leaders understand how smart grid analytics can help improve operations, they may be overwhelmed by the dozens of software companies competing for their business. I advise my clients to answer these questions before making their vendor selection:

  • Maturity. How long have they been in business? Who are their customers? Do they have a proven track record?
  • Security and privacy. Do they have the capabilities needed to protect your data?  
  • Policies and regulations. Will they meet your internal standards and governmental regulations?
  • Capitalization. Do they have long-term funding to grow and innovate?

Of course, this isn’t a complete list. What do you consider when selecting an analytics vendor?

Leveraging their smart grid data is just one of the ways power and utility leaders are using analytics to inform smarter decisions. To explore how analytics can help your company, check out Power Analytics, our new interactive infographic.

This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.

Deloitte, its affiliates, and related entities shall not be responsible for any loss sustained by any person who relies on this publication.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Copyright © 2013 Deloitte Development LLC. All rights reserved.
Member of Deloitte Touche Tohmatsu Limited

 

Related links

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected