Awesense, a startup using wireless mesh tech and software, has launched to sell utilities energy theft-prevention. Didn’t know it was such a problem? A Canadian utility has said it’s losing $100 million a year to theft; in India about 30 percent of power is used illegally.
With many utilities facing the task of storing petabytes of smart meter data for as long as seven years in order to satisfy regulatory requirements, the ability to house and leverage the massive load of data accumulating from the smart grid is a significant IT challenge.
The ability to house and leverage the massive load of data accumulating from the smart grid is a significant IT challenge. And it isn’t a competency that many utilities have had historically. That market has been fairly staked out at this point, and has relatively finite growth potential because there are only so many utilities who will need a MDMS. But the opportunity to do something with that data is a crucial big data challenge and potentially a much bigger market because tools to mine data can continue to evolve to solve problems for utilities and save them money.