Unlocking Meter Data for Innovation with Dave Boundy
September 19 2023
This is the second in a series of posts on the topic of unlocking meter data to drive business innovation.
In my previous post I highlighted the untapped potential of AMI data within the energy industry and the importance of gaining access and unlocking it to drive innovation for your business.
The next challenge is to distil this data and extract meaningful Insights. Or to put it another way, how do you find the needle in a haystack?
To set some context, consider that a single meter, reading at 15 minute intervals will generate 35,040 usage data points in one year. Coupled with additional meter data such as voltage, power quality, timestamps, and customer related information including tariff, account number, and location, the volume of data generated grows exponentially.
Identification and analysis of valuable insights from this data often requires specialist engineering and data science skill sets combined with domain knowledge and expensive compute operations. These barriers stifle creativity and erode ROI greatly – reducing the probability of creating the next breakaway innovation.
At Innowatts we provide the keys to unlock your business creativity. Our Connect capabilities assembles your big data in a usable and cleansed data lake. From here the Innowatts Extract layer applies AI and Machine Learning services to derive actionable Insights. For example, identifying behind which meters PVs have been installed, or where EVs are being charged, or the carbon intensity of individual meters.
Going a step further, Innowatts award winning Forecast services use the data from Connect combined with the Extract Insights and our proprietary models, trained on over 52 million meters, to predict behaviors.
The Insights from Extract and Forecast are available to your business via a variety of interfaces and integrations, including API, reports, business intelligence tools, etc., to enable you to integrate our solutions quickly into your business processes and drive innovation.
– 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.