Big Data and Energy Seminar: How Big Data Can Drive Big-Time Energy Efficiency
Monday, July 29, 2013
On Thursday, May 2nd, we brought together teams from energy management companies Enernoc and EnergyPoints to discuss how they utilizing big data, from the tools they use to the cutting edge of analysis to the ease of partnerships – all enabled by big data and the energy data ecosystem.The moderator, Stephen Dillon, Data Architect and Technology Strategy, Schneider Electric, kicked off the program with the standard definition of Big Data and the 3 Vs (volume, velocity, variety). He added a fourth, which the panel agreed to be the most important – Value. Data is just data, it is the information you extract from it that provides value to the end user. Stephen continued to set the tone for the discussion with a list of trends and expectations:
· Real time analytics are critical
· Pushing computation towards the data, not the other way around
· Innovation can be accomplished by software designers
· Demand response time has and will continue to shrink
View Stephen's presentation below:
Mike Rennick, Director of Applications and Seth Sheldon, Senior Scientist of EnergyPoints followed with their introduction. Energy Points optimizes efficiency for their customers by collecting a variety of geospatial data (coming from water, energy, and other sources), transforming it into common data points, to which they can then analyze. Their biggest challenge at present time is understanding the variety of incoming data. A future challenge will be resulting in the massive increase of volume – ultimately increasing the variety - the sector is no doubt facing.
View Mike's presentation below:
Following was Don Jenkins, Senior Director of Energy Markets and Data Quality and Prakriteswar (Santi) Santikary, Director of Software Engineering from EnerNOC. Santi opened with his view: big data initiatives = big opportunities – big challenges. He went on to say how it is imperative to concentrate on the WHAT and WHY before reaching the HOW.
View Don's presentation below: