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Smart grid analytics ROI to exceed $121.8 billion globally by 2020

Industry News

Utilities worldwide must maximize efficiency for constrained energy resources. Many are realizing the smart grid vision by using SAS Analytics and SAS Data Management to discover powerful insights buried in volumes of new data. SAS enables utilities to harness data for pinpoint control and monitoring, usage and demand forecasting, rapid diagnosis and repair, as well as predicting output from renewable sources such as solar and wind. For those capabilities, business analytics leader SAS is ranked No. 1 for smart grid analytics and data management/movement in the recently released utility industry report, “The Soft Grid 2013-2020: Big Data & Utility Analytics for the Smart Grid,” by GTM Research.

In addition to trends and predictions for the soft grid, the report forecasts that cumulative global spending on smart-grid-related analytics will top $20.6 billion between 2012 and 2020, with annual spend reaching $3.8 billion globally in 2020. The group estimates that, for utilities deploying these technologies, the achieved return on investment will exceed $121.8 billion globally over the same time period.

According to the report, SAS data analytics software lets utilities track, visualize and predict demand: “When it comes to the true next-gen analytics that represent the focus of this report, SAS remains head-and-shoulders above the other major software giants.”

“This is a transformational time for the utilities industry. Leaders are successfully analyzing a wealth of big data they produce to realize the efficiencies and savings of a more intelligent grid,” says Tim Fairchild, SAS Global Utilities Practice Director. “Powerful SAS Analytics, coupled with the innovation and leadership of SAS’ utilities customers, is helping make smart grid a reality.”

Analytics Blog

Electoral College put to the math test


With the campaign two months behind us and the inauguration of Donald Trump two days away, isn’t it time to put the 2016 U.S. presidential election to bed and focus on issues that have yet to be decided? Of course not.

Headlines

Syngenta transforms global logistics with digital operating model

Syngenta, a leading global agriculture company, has collaborated with Accenture to design and implement a new digital logistics operating model across all modes of transportation, including sea and air freight globally and road freight in North America and Europe. The model will enable Syngenta to more effectively manage increasingly complex logistics networks and operations with lower costs and higher service performance. Read more →

Metro areas with the best, worst markets for STEM workers

With STEM jobs expected to grow 1.7 times faster than non-STEM professions in the coming years, the personal-finance website WalletHub followed up on its “Best & Worst Cities to Find a Job” report with an in-depth analysis of 2017’s “Best & Worst Metro Areas for STEM Professionals.” Read more →

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2017 INFORMS Business Analytics Conference
April 2-4, 2017, Las Vegas

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July 26-28, 2017, Rotterdam, the Netherlands

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