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Most analytics initiatives are focused on operations
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cite data management, a combination of
complexity, access and privacy issues
cite high data storage and data
manipulation cost
skill shortage
54% 26% 13%
Are Utilities Powering Up Their Data Analytics?
80% of utilities see big data analytics as a source of new business opportunities
75% of utilities see big data analytics as crucial for future success
41%
32%Over
20%Only
Maturity of analytics initiatives is also low
of utilities have already implemented big data analytics
are in the process of implementing big data analytics initiatives
utilities have no big data analytics initiatives
40% ~26%Only
of analytics initiatives undertaken are still limited
to basic analytics with reporting functionality
Analytics is seeing greater recognition, but no action, amongst Utility Executives
Recognition
Action
of analytics initiatives are real-time
8%
21%
13%
58%Over of Utilities have launched analytics initiatives only in operations
-One third of all operations focused analytics initiatives are focused on asset management
of Utilities have launched analytics initiatives only in marketing/customer service
of Utilities have launched analytics initiatives only in data management
of Utilities have launched analytics initiatives in operations and marketing/customer service
What is holding back utilities?
