How “smart” are utility grids getting in the U.S.? Apparently a lot.
A new white paper from Cary-based SAS reports that the Internet of Things and machine learning are transforming the nation’s utilities industry as they seek to build an ever-smarter grid for services delivery.
Here are key findings from the paper:
- Utilities agree that both IoT and machine learning are critical for their organizations, but they have a better understanding and are more likely to be using IoT than machine learning.
- More than 55% already use IoT for metering/meter data management (MDM), and 31% are already using machine learning for this area, too. Network security and data privacy are major IoT concerns for utilities.
- Areas of least concern are lack of expertise and sufficient budget.
- The top benefits associated with IoT are more likely to be customer-facing, such as customer service and energy efficiency, whereas the benefits named for machine learning are more grid-oriented, including areas such as service restoration and cybersecurity.
SAS worked with Zpryme to survey some 200 companies.
The IoT has become a major point of emphasis for SAS, which is a global leader in analytics.
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