The applications of big data analytics have played a vital role in the energy management sector, owing to the potential of optimizing the consumption of resources automatically. Quite a few organizations specializing in the smart grid and utility management have started applying machine learning algorithms, in order to learn and understand the patterns energy consumption directly from the smart meters installed at homes, corporate offices, and industrial areas. These implementations not only streamline and govern the utilization of energy but also help consumers in the conservation of resources, effectively taking into account the wastage of energy from multiple appliances that draw power.
Such big data and AI-driven services have imparted the much-needed fluidity into the energy management sector, helping utility providers streamline the billing and maintenance procedures. These big data insights are capable of assisting consumers by notifying them about possible equipment failures that could hinder the smooth-functioning of equipment within residential or industrial establishments. Additionally, organizations can proactively work towards reducing the carbon footprint of each establishment by resorting to the conservation of energy by analyzing the rate of utilization and regulating the unprecedented wastages that occur, either due to negligence or due to oversight. Such organizations offer a promising avenue utility providers by helping them leverage the best technological advancements for a future-proof functioning of the industry as a whole.
On the same note, Energy CIO Insights’ current edition lists “Top 10 Big Data Consulting/Services Companies - 2018” that hold expertise in helping businesses implement the best technologies. The list presents to you some of the most prominent organizations in the big data ecosystem, capable of leading their clients towards excellence by supporting them extensively. By getting direct support from these eminent service and consulting providers, companies can ramp up their operations for greater success.