May 16, 2017 | by Glen Sartain
Today’s utility industry stands on the precipice of discovering new insights that will transform the future of their business in terms of both strategic growth and operational efficiencies through the power of analytics. Specifically, the use of predictive analytics harbors enormous potential to help shape and transform the organization.
BRIDGE Energy Group’s recent BRIDGE Index® Survey on Grid Analytics confirms predictive analytics is going mainstream; nearly half the utilities surveyed indicated they have deployed or are developing predictive analytics. In fact, the survey shows that:
- 22% have predictive analytics in operation
- 24% are developing predictive capabilities
- Asset health (33%) and outage management (37%) comprise top use cases