Unlocking Meter Data for Innovation with Dave Boundy
August 8 2023
This is the first in a series of posts on the topic of unlocking meter data to drive business innovation.
Enable your business to innovate while reducing your TCO by unlocking the value of your AIM data.
With the wide scale adoption of Smart Metering the volume of AMI data has grown exponentially, however 87% of those surveyed within the Retail and Utility community said they are not able to realize the potential of the data.
So what is stopping them? The issues are multiple and a combination of technological and business process based. However, at the heart of the challenge is how to unlock and analyse such vast quantities of data residing in disparate systems while delivering a positive ROI. This is further complicated by the underlying need to enshrine the protection of data privacy and the commercially sensitive nature of the data.
At Innowatts – the recognised industry leader in Demand Forecasting and Energy Insights – we have built our success by unlocking value from AMI data at scale, in a secure, cost effective manner, for our customers. To support this we have developed the Connect capabilities within our platform that provide simple, secure, out of the box integration. This combined with our real time data cleansing and harmonisation processes delivers clean and standardised data to our upstream services.
At the heart of Connect is the LF Energy (Linux Foundation) Real Time Data Ingestion Platform (RTDIP), which Innowatts and our lead partner Shell, are proud to commit to the open source community. Through RTDIP we aim to expand the community and the breadth of integrations whilst ensuring our partners have flexibility and don’t get locked into any one vendor.
– Dave Boundy
Chief Operating Officer, Innowatts
Innowatts is the leading energy SaaS platform that utilizes best-in-class artificial intelligence to help electricity providers unlock grid edge opportunities, increase customer value, and accelerate the energy transition by leveraging insights from more than 52 million meters globally. Outcomes enable users to analyze multiple data sets, gaining a better understanding of their carbon footprint and intensity for each site. The Innowatts platform delivers real-time, customer-centric energy analytics with unprecedented accuracy. With clients and operations across the Americas, Europe, and Asia, Innowatts is a global leader, enabling energy providers to become truly customer-focused and fully leverage the power of data to transform their businesses.