Analytics tool aims to make sense of grid's 'big data'

Utilities and data center operators have a new analytics tool available to help them make sense of the massive volumes of data being generated by a smarter, increasingly networked power grid.

Midas Medici Group Holdings’ new UtiliPoint Analytics is designed to advance smart-grid applications, smart meter data management and data center efficiency solutions. The offering covers rate/pricing design, fixed bill and capped bill products, advanced budget billing, business/asset valuation and program support services, as well as energy efficiency and carbon footprint monitoring.

UtiliPoint Analytics uses sophisticated algorithms to analyze the energy consumption data of both commercial and residential customers. Accurately understanding such data is especially important in the reduction of risks and costs, improving the clarity in observation of consumer behavior changes, according to Midas Medici Group Holdings.

“This is an exciting opportunity for our experts to enter the rapidly growing world of grid digitization and to assist our clients with managing, analyzing and making meaningful use of the massive amounts of data being generated by smart grids,” said Rand Warsaw, managing director of UtiliPoint Analytics.