ENERGY CENTRAL | The volumes of data now being collected by companies of all kinds, including utilities, can be overwhelming. Without proper context, it’s electronic clutter. But, with proper analysis, it can be transformed into unexpected insights that can drive decisions in ways guesswork — even driven by deep industry experience — never could.
These types of insights are only possible with business analytics (BI), which is software that includes tools and technologies that collect, integrate, organize, and evaluate data. Utilities are generally not known for eager technological adoption but, like any other type of business, they can benefit from the direction it provides. Here are just three examples.
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