Turning Big Data into Smart Data for Commercial Success
Stockholm, SWEDEN, October 10th 2017 – DigitalRoute, a leading innovator in Data Integration and management, last week attended European Utility Week 2017 in Amsterdam, cementing the company’s position as a leading solution provider in the energy market.
At the event, DR executives observed that the pace of change in the utilities market is clear; utilities recognize that planning for a digital future is an issue of paramount importance. IoT and digitization, new services and the importance of data dominated conversations in Amsterdam, and there is a recognition that data - its collection, processing and value - can drive innovative Use Cases in the areas of both trading (the more pressing play and perhaps the most immediately financially rewarding deployment) and distribution.
Jonas Wejdin, Head of Business Development, Utilities, at DigitalRoute observed: “There’s a lot of talk about the need to integrate legacy infrastructures with new world elements and applications. These are challenges which utilities are now actively looking for rather than just talking about how to address. It’s also clear that, while the week was focused on Europe, there is no global equality in terms of the industry’s progress towards digitization.”
Wejdin continued: “Different regions are at different stages of the digital journey, some more advanced and some slower. But the impact of standard-bearers like our own customer, Alpiq, who is already deploying innovative technology to power profitable next-generation Use Cases is significant. The results they’ve achieved are attention-grabbing and others want to hear about them.”
One keyword at the show was ‘smart’. Now that smart grids are ubiquitous, smart data is being recognized as a central requirement for commercial success. A horizontal data layer, based on a technology that turns big data into smart data and bridges legacy and next generation elements, now has a value which is increasingly readily understood.
Other innovations being embraced include Blockchain, in particular its potential impact, and other new technologies. DigitalRoute believes it is clear that questions about data and integration are taking center stage.
Added Keith Brody, Head of communications, DigitalRoute: “It is clear that the digital utility has moved from concept to launching pad in the past twelve months. Utilities are grasping the opportunity to embrace transformation more eagerly than many other industries have in the past. There is every reason to believe that the pace of change will not slow down and that, over the next twelve months, utilities might just teach other verticals lessons about how to become digital businesses.”
For more information contact:
Sancha Brody, Media & Analyst Relations
Phone: +44 (0)7376 366855