The Top Trends in Smart Grid Analytics: The tens of billions of dollars of smart grid

The Top Trends in Smart Grid Analytics

The Top Trends in Smart Grid Analytics: The tens of billions of dollars of smart grid

The tens of billions of dollars of smart grid technology being deployed across the world is going to create a huge amount of data -- and that means that building the tools to collect, understand and act on that data is going to be a billion-dollar-plus business in its own right. In fact, the U.S. market for smart grid analytics is set to grow from about $322.5 million this year to $1.4 billion by 2020 , according to GTM Research’s report released this week, The Soft Grid 2013-2020: Big Data & Utility Analytics for Smart Grid . That’s a combined total of $8.2 billion over the next eight years expected to be spent on the hardware, software and technical and business expertise needed to bring the U.S. smart grid into the mainstream of IT and big data. Much of it is being forced on utilities struggling to manage the massive flood of data coming from smart meters and other grid...

Full article: http://www.greentechmedia.com/articles/read/the-top-trend...

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