Big Data has jumped from technology buzzword to practical application in a relatively short period of time. As the ability to collect and process large volumes of data has become a reality, businesses are beginning to look for ways to translate information from the spreadsheet to the balance sheet.
Energy management is one promising application of Big Data. Through the use of smart grids, inexpensive smart meters, and analytic software; businesses, and utility companies, can understand more about how energy is used. This understanding offers opportunities to improve efficiency and save money, which can then be applied to other areas of the business.
All of the data means nothing, however, if people don’t act on the information. One roadblock to widespread usage, according to Wharton Professor of Business Economics and Public Policy Arthur van Benthem, is the common complaint that there is simply too much information to sort through–it’s too hard. That’s where experts like Sain Engineering Associates (SEA), a Birmingham energy consulting company, come in.
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