A peek into Mordor Intelligence’s Utility and Energy Analytics Market research reveals that utility analytics solutions’ market value is expected to reach USD 1 billion by 2025. The analytics landscape for energy and utility companies is changing quickly with fresh data sources, both structured and unstructured, including IoT data, and swelling competition from providers of alternative energy.
Today, utilities are leveraging IoT-based advanced metering infrastructure (AMI) via smart meters. Smart meters provide a direct channel to customer usage feedback, flexible tariffs, and seamless connection with smart home applications. Particularly with the ongoing COVID-19 pandemic, utility companies are experiencing a shift in the demand for electricity. With smart meters, utilities can get near real-time information on energy consumption, which helps in making accurate energy distribution plans.
Not only this, IoT-based smart meters are also a cost-efficient way to collect accurate readings based on actual consumption from millions of meters, helping achieve compliance. Apart from smart meters, the utility sector are constantly finding new approaches to meet the complex information demands.
At this juncture, many cutting-edge utility analytics solution providers are entering the domain with advanced and integrated offerings. To help the utility sector strengthen its operational capabilities and simultaneously enable growth in the industry, Utilities Tech Outlookhas compiled a list of the top utility analytics solution providers. The list comprises prominent organizations in the industry that address issues pertinent to the utility sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Utilities Tech Outlook’s, “Top 10 Utility Analytics Solution Providers – 2020.”