Reenergizing the Utilities Industry through Data Archiving

reenergizingutilitiesindustrynov2016Electric Light & Power Magazine, November 2016 Dr. Werner Hopf Today, “big data” is more than just a buzzword: for many companies, it is a daily reality. Businesses across virtually every industry - and the utilities sector in particular - are witnessing an explosion in the amount of data being generated, creating a critical need to manage it effectively and efficiently. Although this rapid growth of data generates enormous opportunities for analytics and business insights, the sheer volume can also create problems that not only impede system performance, but also increase the total cost of ownership for utility companies running large ERP systems. From invoices to meter reads, utility companies often find themselves faced with simply too much data. To navigate today’s challenges brought on by the ever-increasing influx of data, organizations are implementing rigorous data archiving strategies to free up space, improve compliance with retention requirements, increase productivity and save money. Untitled-7

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Reenergizing the Utilities Industry through Data Archiving

reenergizingutilitiesindustrynov2016Electric Light & Power Magazine, November 2016
Dr. Werner Hopf

Today, “big data” is more than just a buzzword: for many companies, it is a daily reality. Businesses across virtually every industry – and the utilities sector in particular – are witnessing an explosion in the amount of data being generated, creating a critical need to manage it effectively and efficiently.

Although this rapid growth of data generates enormous opportunities for analytics and business insights, the sheer volume can also create problems that not only impede system performance, but also increase the total cost of ownership for utility companies running large ERP systems. From invoices to meter reads, utility companies often find themselves faced with simply too much data.

To navigate today’s challenges brought on by the ever-increasing influx of data, organizations are implementing rigorous data archiving strategies to free up space, improve compliance with retention requirements, increase productivity and save money.

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