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While the biggest challenge lies in managing the variety–rather than the volume or velocity–of IoT data, the general shift from batch- to event-based processing signals a growing interest in real-time / streaming analytics as a lever for IoT value creation. The need to harmonize these components without creating or simply shifting the bottlenecks that come with the management of high-velocity variable data puts pressure on connectivity providers, edge analytics platform players, and system integrators (SIs) to stand up new and distributed architectures to not only support, but also add value to data at any level.
In this research analysis, ABI Research analyzes what it considers to be the most significant trends and developments related to the IoT analytics industry. The first section includes the conceptual framework supporting the research, as well as a wrap-up of recent activity. The second section consists of the updated and refined forecasts on the market’s revenues, broken down by application, region, value chain component, and analytic phase (descriptive, predictive, prescriptive). A high-level revenue projection for the overall big data and analytics market is also included at the end of the section for a view of IoT analytics in a broader industry context. The final section provides a high-level assessment of a number of relevant vendors to exemplify the different parts of the value chain.
Paul Hofmann, Chief Technology Officer for Space-Time Insight, describes how enterprises are leveraging advanced analytics to integrate IoT into their operations and planning. Mr. Hofmann offers case studies that illustrate how advanced analytics puts internal and external data into the context needed to make decisions in real-time. Learn how your organization can use advanced analytics to:
- Reduce costs and risk
- Boost productivity
- Improve service delivery
An analytics center of excellence can lead the way to transforming data into value for an enterprise. This white paper lays out important considerations for organizations contemplating creating an analytics center of excellence.
This demonstration of the Asset Intelligence application highlights:
- Strategic, financial and operational planning for assets including repair vs. replace analysis
- Understanding of asset health, conditions and performance in real-time
- Analytics for preventing, mitigating, and recovering from outages
- Integrating with asset management systems to assess multi-faceted asset risk
Join asset analytics experts from Arizona Public Service, Siemens and Space-Time Insight to learn how these industry leaders are making data analytics the foundation of a better grid. You’ll learn:
- How to move from time- or -condition-based maintenance to risk-driven decision making
- The valuable role your current data plays in maintaining your existing grid and planning for the grid of the future
- Why you can start with analytics today, despite your fears about low-quality data
National Grid manages 7,700 km of gas transmission lines in the UK, 40 percent of which is at least 40 years old. Clearly, those aging portions of the network can’t and won’t all be replaced at once. How does National Grid use analytics to prioritize work to optimize spending, labor, and risk reduction while minimizing interruptions to service?
Luckily, pipes are like people—not all 40-year-olds are the same. They age at different rates based on maintenance, environmental conditions, operating stress and other variables.
National Grid now uses analytics and visualization across silos of data through the company to give business users greater visibility into the condition of transmission assets, including where corrosion issues are more likely to prematurely age pipes, valves and other assets. This visibility into the true state of the network speeds decision making and ensures correct prioritization of maintenance, repair and replacement work. It also provides a stronger evidence base for the next business plan.
In this webinar, National Grid’s Head of Network Engineering, David Salisbury, and Neil Barry of Space-Time Insight will describe how National Grid accelerated analytics from a proof-of-concept project to improving enterprise decision-making. Those improved decisions are changing how National Grid plans for and maintains the system.
Attendees will learn how they can gain similar results from applying next-generation analytics to their utility assets for tasks ranging from planning the next day’s repairs to deciding the next decade’s investments.
Space-Time Insight explains a risk-based asset intelligence approach and the path to true value using advanced analytics. Using examples and case studies, the webinar explains:
- How to spot hidden risk in your data
- The nature of risk
- How to analyze risk across your assets
- The value of risk-based analytics
- Risk-based planning and operations
Asset Intelligence Webinar – How to Make Analytics a Strategic Priority
While many people recognize the value of analytics in gaining insight into data across an organization, analytics initiatives often compete with other utility projects for limited funds and resources. Moving these analytics initiatives to the top of the priority queue frequently involves more than a business case and corporate buy-in. Listen to Erick Corona, Substation & Transmission Line Asset Strategy Manager – PG&E, and Steve Ehrlich, Senior Vice President, Product Management – Space-Time Insight, as they discuss the essential elements required to get your asset analytics projects funded and successfully completed.
In the webinar, you will learn:
- The importance of analytics for asset intelligence in a world overwhelmed by big data
- Strategies for gaining support across your organization for your analytics initiatives
- The role of risk in asset analytics
- How to manage through limited resources, skills and data availability
- A structured methodology for implementing asset analytics
National Grid applied a new approach to innovation using a ‘Lab’ environment to gain invaluable insight via situational intelligence into the risks lurking in the transmission system. That insight has driven innovative changes in how National Grid plans for and maintains the transmission system.
Navigating the road to success for utility asset planners and managers has never been more critical. The ability to manage the trade-offs between asset performance, risk, and financial investment of an aging asset base is constrained by regulatory pressure, new grid demands, and rapidly evolving customer relationships. Using digital technology to gain insight and ultimately meet business objectives is now required.
In the webinar, you will hear about:
- Shared thinking of asset executives through industry wide survey findings: Accenture’s Digitally Enabled Grid program – 2014 edition
- The rationale for Digital Asset Management
- A perspective on how asset health, condition, and performance are related to safety and reliability.
- How to leverage asset analytics to optimize return on investment
- How using situational intelligence will help ongoing compliance with your asset strategy
- Considerations and impact to the workforce today and tomorrow.
Transforming into the Digital Utility: Six Steps to Implementing Effective Asset Analytics
Surrounded by data-producing assets but still struggling to make sense of what it all means, electric, gas and water utilities are looking for answers and for ways to drive greater capital effectiveness.
Finding answers to enterprise-wide strategic questions requires an approach across technology and business disciplines: developing metrics and metric values, integrating data, and aligning processes. In this webinar you will learn:
• Advanced capital planning and the need for asset analytics
• The technical architectural and data integration considerations
• What to measure – KPIs, metrics to optimize asset intelligence
• The real-life benefits of taking a risk-based approach to prioritize capital and maintenance expenditures
• How to improve planning using historical and predictive time and location asset performance data
Asset Intelligence – Using analytics to increase reliability and manage total cost of asset ownership.
The growing use of asset monitoring and management technologies is creating a new paradigm in asset management. This new model expands the use of existing data to arrive at a significantly deeper and more precise assessment of the utility operation’s asset fleet. Yet compelling questions remain for the asset manager:
- What are the primary variables that impact the health of my asset fleet risks?
- What are the primary variables that impact such KPIs as SAIDI?
- Which asset failures lead to the largest consequences?
- Is my asset investment planning targeted enough?
Learn how Space-Time Insight leverages SAP HANA to visualize, analyze and correlate huge volumes of business, operational and environmental data. This demonstration of an asset intelligence application highlights:
- Assessment of asset conditions and performance based on real-time events and KPIs
- Identification and analysis of failure conditions, and the remedial actions required
- Analysis of large volumes of historical data to better understand asset performance over time
- Use of predictive analytics to facilitate better asset planning
- Integration of SAP HANA, Business Objects, Xcelsius and SAP Applications
Situational intelligence became the centerpiece of the California ISO’s new state-of-the-art control center to help ensure a crisis scenario of this magnitude does not happen in California. Quick glances at the geospatial displays on the 80 x 6.5 foot video wall that fronts the control center, allow operators and dispatchers to instantly detect and act on anomalies, or simply gain the assurance that everything is in fact running normally.
Read an excerpt and download the IoT Data Analytics Report 2016 from Camrosh, Ltd. for:
- A review of 47 analytics vendors and products
- Internet of Things (IoT) concepts, product applications, industry focus and market trends
- A description of important product features
- Client information for 47 analytics vendors
READ THE EXCERPT. (Ordering information from Camrosh is available at the end of the excerpt.)
Space-Time Insight offers situational intelligence solutions to help you prevent, detect and respond to cyber-security threats. This cyber-security white paper details how real-time visual analytics can integrate IT systems data, operational events and external data to understand the probability of a threat and consequences of attack.
Space-Time Insight Smart Meter Intelligence enables utilities to harness and analyze data in real-time with smart meter-specific algorithms and visualizations. The application offers at-a-glance assurance of normal conditions and real-time alerts to problem areas.
Distribution Intelligence helps utilities integrate distributed energy resources into the grid, justify investments using data-driven plans, and improve safety and reliability.
This short demo will show how your utility can gain these benefit and more using Distribution Intelligence.
Distribution Intelligence incorporates advanced analytics and intuitive visualizations that provide the context you need to develop new business models and revenue streams based on distribution.
Asset Intelligence helps asset planning, operations and finance professionals improve capital efficiency and reduce operating costs through analyzing and visualizing the health, criticality and risk of utility assets.
Freight Brokerage Intelligence speeds the onboarding process for new brokers, helps increase productivity and grow profit margins using the systems and data sources you have now, analyzed and visualized into one view.
Situational intelligence helps organizations rapidly and accurately answer critical complex questions, earning greater operational efficiency, reduced costs, improved customer satisfaction and increased revenue.
Natural Gas Asset Intelligence provides on-demand, advanced visual analytics that optimize operations and capital investments for natural gas transmission and distribution companies. Risk-based analytics support fast decisions that increase safety and reliability; lower operating costs; increase regulatory compliance; and optimize capital expenditure planning.
To meet expectations from customers, regulators, and all stakeholders, utilities need insight into and management of power outages. Outage Intelligence correlates and analyzes diverse data to give utilities new insight into outages.
Outage Intelligence helps utility distribution managers, outage managers, community liaisons and regulatory affairs managers apply analytics to predicting, preventing, detecting, assessing and responding to outages more quickly and confidently.
This short demo shows how Outage Intelligence helps utilities track and manage outages’ effect on reliability measures such as SAIDI.
VIEW THE DEMO.
Ovum notes Space-Time Insight’s combination of utilities industry knowledge, real-time analytics, and spatial visualization is a tantalizing package for those seeking an analytics solution, making Space-Time Insight a Vendor to Watch.
Pivotal and Space-Time Insight have partnered to offer a compelling solution for visualizing, analyzing and correlating real-time data from smart meters, smart grids, and other enterprise applications and environmental feeds.
Situational intelligence improves a utility’s outage preparation, assessment, and response, generating savings, and improving public safety and a utility’s market perception.
The grid operations team at Sacramento Municipal Utility District (SMUD) has a tremendous amount of knowledge about the company’s infrastructure. So much so that they were able to manage the SMUD grid using a paper wall map, partially accessed by a ladder, and cabinets filled with blueprints and other documents managed by internal knowledge. Then the smart grid arrived and SMUD encountered first-hand what the industry has come to know as ‘the big data problem’.
Safety Intelligence is an advanced analytics application that gives you the insight to assess the effectiveness of your safety programs, identify how to reduce accidents, and comply with safety regulations.
SI Server from SpaceTime Insight is a unique, award winning, patented software platform that combines the previously separate worlds of GIS, Business Intelligence and real-time dashboards into a “visual analytics” overlay for both information technologies (IT) and operational technologies (OT) systems across multiple lines of business to help answer questions like Where is the problem?, When did/will it occur?, Why did/might it happen? and How do I address it?
The Space-Time Insight SI Suite is real-time visual analytics software that delivers actionable insight into what, where, when, why and how events are happening or might happen in the future. The software correlates and analyzes enterprise (IT), operations (OT), and external (XT) data across space, time and nodes in a network, to help users make faster, more-informed decisions.
Situational intelligence can ensure utilities deliver value, boost low-carbon energy production, and maximise rewards while minimising penalties under the RIIO framework.
There are six essential questions to ask prospective analytics vendors to ensure that you have selected the solution and company that best fits your needs.
Implementing Situational Intelligence can be an affordable, achievable step toward enabling collaboration, analysis, and customer service across the silos of a city, laying the foundation for smarter cities.
LEARN HOW BY DOWNLOADING THE SMART CITIES WHITE PAPER.
Space Time Insight Inc. empowers companies in asset-intensive industries to make faster, more-informed decisions. We accomplish this with our award-winning situational intelligence solutions that correlate, analyze and visualize large volumes of business, operational and external data. Situational intelligence is about knowing what, when, where and why an event (or series of events) is happening or might happen, and facilitating action to be taken in response to or in preparation for the event.
TDWI offers a Best Practices report on how organizations can and are operationalizing analytics to derive business value. It provides in-depth analysis of current strategies, future trends and challenges across organizational and technical dimensions.
Transforming into a digital and data-driven utility that continually measures and manages risk can seem daunting. Download this white paper to learn more about how to make this transformation.
Discover four steps utilities can take to generate more efficiencies from existing assets and budgets, then apply the savings toward Utility 2.0 initiatives.
Viewpoint simplifies decision-making and action-taking for operations leaders. Cloud-based software delivers purpose-built interactive maps, charts and time-animation that identify trends over time and focus your team on what, where, when, why and how events occurred.
Grid visualization is used for many purposes in a utility or ISO; however, due to the immense amount of data involved in smart grid projects and the implementation of various applications, a visualization portal must ensure seamless integration with all pertinent applications as well as the control center. Space-Time Insight meets this challenge by providing a library of connectors to enable a seamless integration with all systems such as SCADA, ERP, real-time data feed, environmental and equipment sensor data, data bases, legacy systems and weather data.