The US market for customer utility software market will surpass $2 billion by 2023 (Source)
Worldwide, the cumulative spending on smart grid data analytics will reach over $34 billion by 2020 (Source)
Energy companies have access to a wealth of information coming from smart meters, sensors, as well as traditional sources of data. Several companies have already started seeing success in cost reduction, improved network performance, reliability by outage prevention and preventive maintenance, real-time energy demand forecasting, and customer engagement. On the demand side, energy and utility companies are achieving cost efficiencies by optimizing procurement and identifying equipment efﬁciency issues and insulation problems
Inteliment has been working with several leading Energy companies, brining Data Innovation partnership that combine our Business & Technology Solutions, Partner Eco-system, Decade long Proven Track Record of Customer Success and Execution Capability to deliver you an assured Business Value.
According to McKinsey Global Institute, widespread adoption of Big Data Analytics could increase GDP of manufacturers and retailers by $325b, by 2020.
For 2020, the installed base of Internet of Things devices is forecast to grow to almost 31 billion worldwide. By 2020, there will be 50 billion+ connected devices
A recent Gartner survey showed that 59% of organizations are still gathering information to build their AI strategies, while the remainder have already made progress
Global spending on the business intelligence (BI) and analytics software is forecast to reach $22.8 billion by 2020 if it continues the present CAGR of 7.5%