What Utilities Need to Know About MDM
Currently, most utilities create monthly files of meter reads (using manual collection) and submit them to the billing system. With the smart grid, utilities are transformed from distributors of power to brokers of information that handle millions of data transactions every day. For a utility this means that the simple transactions involved in the meter-to-cash function are completely altered. When the numerous other functions are considered, such as outage management and demand response events, the impending scale of the challenge becomes apparent.
Utilities will be inundated with data not only coming from smart meters, but also intelligent assets on the grid, weather systems, energy traders, customer patterns, social medias, participants throughout the energy community and other sources.
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