|By PR Newswire||
|August 7, 2014 08:39 AM EDT||
LONDON, August 7, 2014 /PRNewswire/ --
According to a recent Economist Intelligence Unit Survey, three out of four of European utilities expect the volume of data to grow by 25% over the next three years.
With the volume of data from various sources set to grow at such a vast rate, it's also a risk. Especially when almost 50% of the same survey respondents admitted that they do not "maximise the value of data they collect."
Ahead of the Big Data & Analytics for Utilities conference, the PEX Network editorial team explored 7 ways in which European energy companies are making use of their big data assets and are reaping the rewards for it. Find out about how to forecast peaks in demand, monitor for outages or network problems and optimising asset maintenance costs.
These case studies are available to view in the 7 Ways European Utilities Companies are Converting Big Data into Business Value ebook: http://bit.ly/1u0rypx
If, like Yorkshire Water, you're looking to reduce operational costs, mitigate risk and enhance asset performance, the Big Data & Analytics for Utilities conference is providing an exclusive case study-led forum for you to gain insight into your biggest challenges. View the conference brochure: http://bit.ly/1sA0pYr
Optimising network efficiency, reducing operational costs, predicting energy demands, asset maintenance, customer behaviour and engagement will all be addressed, enabling you to apply these important lessons to your own big data strategy.
Notes to editor:
Big Data & Analytics for Utilities will take place between 7-9 October 2014 in London and is sponsored by Talend.