Past event: Data Analytics for Utilities: Asset Management Conference

To manage the flood of incoming data, utility companies have now also joined the "Big Data" revolution. Since the implementation of the smart grid and other forms of Advanced Metering Infrastructure (AMI), the utilities industry has realized a strong need for the use of information management tools in the form of data analytics.

While information used to be collected once a month, it can now be collected every 15 minutes, an incredible 35,000 times a year. Analytics tools will make sense of this information and provide ground for verifiable business decisions, paving way for serious ROI. Simply put, data analytics is the future of the utility industry and is set to revolutionize the way utilities interact with their infrastructure.

This event will bring together leading industry professionals from major utility companies, regulators, solution providers, and professors to discuss best practice approaches to harnessing "big data" for advanced analytics and actionable intelligence. IQPC's Data Analytics for Utilities conference will focus on the advanced analytics processes to help utility companies achieve eventual business transformation.

Utilities now see the value in investing in new technology:

• Current spending on analytics by utilities is roughly $1.1 billion per year
• Utility companies deploying smart-grid analytics between 2012 and 2020 can expect to realize a return of $121.8 billion on investments of $20.6 billion
• Utilities are expected to spend $3.8 billion dollars annually on analytics by 2020
• The total market size of analytics software and hardware is expected to reach $9.7 billion by 2020