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Utilities Business Review | Tuesday, March 01, 2022
One of the major changes in the utility industry has been the development of meters to evolve an enterprise function that encourages multiple key business activities and offers operational advantages.
Fremont, CA: The progress of metering from a simple component of the revenue cycle for the meter-to-cash use case to an enterprise function supporting many key business processes and providing operational benefits.
It is important for utilities experiencing a digital transformation to have the proper technology for mission-critical power operations and new customer-centric solutions. The preferred solution should be greater than a standard MDM platform, serving as the energy industry's digital backbone.
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A solution should present users with a viewpoint of the future that creates new business models and use cases. And one that allows the integration of Machine Learning features with other Data Analytics-based solutions.
Modern technology for the contemporary market
Utilities reconsidering their MDM solution should choose one designed and constructed through the same cutting-edge IT technologies used by modern hyperscalers and social media applications. It should be readied for infinite scalability and the greatest adaptability in the continually growing utility industry.
Flexibility to facilitate the application of existing and future smart grid rules
The solution should be developed with flexibility in mind: a flex data model, smart integration, and the ability to easily compose use cases throughout the energy value chain in response to market, technological, and regulatory changes.
Integration without modification
There should be an integration layer to manage and monitor integrations and data transmission across MDM, MDC, and customer systems. This integration layer allows the utility to monitor the complete AMI/smart grid IT landscape and the end-to-end value chain (metering, collecting, meter data administration, billing, reporting to TSO, and market communication) across all associated systems, integrations, and data exchanges. This will reduce project risks during execution and reduce operational complexity.
Benefits of adopting a managed cloud service
With traditional on-premises systems, infrastructure capacity must be prepared in advance. The organization faces notable upfront expenditures and the weight of unused infrastructure from the outset of the project. A cloud solution allows infrastructure to be used on demand.
Customers can perform highly intense analytical operations with highly intensive transactional base loads. The elasticity of the cloud solution allows automatic upscaling and downscaling of the necessary infrastructure, resulting in the lowest possible costs for running transactional and analytical workloads concerning customers' energy data.
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