Data Analytics the Biggest Technological Impact for the Utility Industry

By David Steer

It is well understood for any organisation that being able to easily access and analyse data is of vital importance. Data analytics is the most effective way to improve the efficiencies of an organisation’s processes, and having this data in real-time, as opposed to spending days creating manual reports, is critical for optimising the productivity of a workforce.

In a recent survey conducted for Utility Week Live by Insight Advantage*, it was found that “data analytics will have the biggest impact on the industry’s transition”. The survey was based on asking respondents to rate the impact of different types of technologies from 1 – 10, the average was used to create the leader board. Data Analytics finished top with an average score of 7.6, significantly above second place ‘Smart Asset Management’ with a score of 7. This shows how it is well understood within the industry that Data Analytics is going to have the biggest impact in shaping the future of technology.

The report highlights that “the average tipping point for mass take-up is expected to be 2027”. This is in contrast to the predicted tipping point for mass take-up of Data Analytics which is expected to be in 2023, just around the corner.

Utility Week summarised: “The use of ‘big data’ systems to monitor, analyse and automate production, management and demand is not a new concept for the energy industry. In addition, the rise of customer-centric products and services for energy monitoring and automation provides utilities with further data, capabilities & insights”.

Click here to see the report in full.

At Kirona, our analytics & performance solution allows organisations to analyse every dimension of field service, and gain a holistic view that enables workforce optimisation in real-time. Kirona InfoSuite helps you to see what is happening in the field in real-time, meaning you can respond to any issues that may arise instantly and resolve them before they escalate. InfoSuite also has powerful historical reporting and analysis which can be created instantly to help compare the performance of field workers based on time/geography & benchmark against KPIs.

The functionality of InfoSuite also gives the opportunity to spot previous trends & patterns, meaning organisations can use forecasting to become smarter in the planning of future operations.

Learn more about Kirona’s InfoSuite

The impact of Data Analytics is hugely significant in the Utilities industry and organisations that aren’t using data-analytic software to optimise their workforce will be left behind.

Source:

*https://www.utilityweeklive.co.uk/the-context-of-transition