Developments in Advanced Analytics Applications in Smart Grid

The smart grid initiative was conceived as a system that accommodates all supply options and enables customer participation, optimizes asset utilization and operation, and provides power quality and resilience. Significant utility projects in the last ten years have given the means to monitor the grid and to track usage at the customer meter level at much higher frequencies. Advanced analytics of the large volumes and velocity of the data from these monitoring and metering systems are allowing utilities to significantly improve their planning, operations, customer insights and risk management. This panel discusses the advances made in analytics technology and how they are being applied in the utility industry.