In Stream Analytics are Optimizing Power Grid Operations

By October 6, 2020 News

Power generation, distribution, and grid management companies have invested significant resources into gathering real-time data with sensor technology. With some estimates indicating that power grids may be less than 50% efficient, organizations are seeking to improve operational efficiency by leveraging big data. However, despite an increase in data collection, most efforts have not led to significant operation improvements in device and grid management. In fact, many companies are using less than 10% of this data because of the overwhelming volume of sensor data that is collected.

In Stream Analytics are Optimizing Power Grid Operations

By Mike Brookover
CEO at Alitek Solutions

Power generation, distribution, and grid management companies have invested significant resources into gathering real-time data with sensor technology. With some estimates indicating that power grids may be less than 50% efficient, organizations are seeking to improve operational efficiency by leveraging big data. However, despite an increase in data collection, most efforts have not led to significant operation improvements in device and grid management. In fact, many companies are using less than 10% of this data because of the overwhelming volume of sensor data that is collected.

Recognition of these challenges has led industry leaders to seek disruptive innovations that can be adopted in future grid technologies. Innovative approaches, such as monitoring and managing smart meters at the edge of your network and performing analytics, in-stream can help turn billions of previously collected data points into a competitive advantage and increase your operational efficiency with your existing infrastructure.

Alitek has partnered with Kx to provide innovative solutions for the Utilities industry. Kx is a suite of enterprise level products and solutions centered around kdb+, the world’s fastest time-series database. Kdb+ is optimized for ingesting, analyzing, and storing massive amounts of structured data. These solutions enable integration with legacy systems and multiple data sources to augment or replace existing historians and extend and customize your data analytics applications to support your business.

Consider the value of harnessing the power of operational data to improve operations:

Transaction System and Data Warehouse: A North American ISO installed Kx for Sensors alongside their existing systems to provide new services including analytics and querying capabilities, to over 5 million customers on trillions of data points spanning over seven years of collection history.

Improving System Reliability: Kx provides real-time advanced network analytics capabilities, with improved system reliability enabling services such as ‘playback’ to allow the replay of grid sensor data and activities.

Delivering cost savings and lowering operational risk: Kx has been selected by a major, US-based Fortune 500 utilities company to deliver a next-generation real-time data platform to analyze data and create business applications using AI and machine learning.

Deliver a Centralized Information Exchange for Retail Markets: Kx provides the meter data management and settlement functions involving large amounts of time-series data, both historic and real-time, for a Central Markets System for one of Europe’s largest GRID operators

We are seeing that the power industry is interested in disruptive innovations that can be adopted in future grid technologies. Innovative approaches, such as monitoring and managing smart meters at the edge of your network, performing analytics in-stream, or turning your trillions of previously collected data points into a competitive advantage, will increase your operational efficiency with your existing infrastructure.  This solution is in use today and driving transformational change in the industry. With Kx’s IoT and streaming analytics platform, you can turn your company’s data into an asset and achieve these results.

Learn more about how Alitek (https://alitek.com/expertise/big-data-analytics-enterprise-bi/#in-stream-analytics-kx) and the Kx solution (https://kx.com/solutions/utilities/) has improved power grid management with in-stream analytics. You can also reach out directly to Mike Brookover (mbrookover@alitek.com) or Bob Trevelyan (btrevelyan@kx.com) to schedule a time for a deeper conversation.

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About Alitek

Alitek is a leader in information based digital transformations. We help organizations improve business outcomes, increase efficiency, and reduce risk, through better management of information. Our experienced team works with you to build a unique strategic plan based on your specific needs, no matter the size of your company.