Solution Briefs

This industry solution brief shares key insights on how Energy & Utilities providers can drive innovation with trusted and high quality data, speed time-to-insights, mitigate operational risks and improve financial, regulatory and ESG reporting.

Below is an excerpt from the brief. To read the full brief, [click here]

Overcoming data challenges

Energy and utilities organizations operate in a highly complex data landscape with petabytes of data residing in hundreds of disparate data sources spread across an on-premises and multi-cloud environment.

In this type of data ecosystem, it is very difficult for data citizens - including chief data officers, data scientists, data governance leads, data engineers and data consumers - to easily find or understand the data they need. Users are unable to ascertain if the data comes from a trustworthy source and whether it is certified for use. They are unable to obtain detailed information about the data such as its attributes, where did it originate from, who owns the data and whether it is of high or poor quality.

Moreover, changing consumer behavior and energy consumption patterns increasingly necessitate the use of trustworthy data to derive accurate insights to drive innovation. This will require rapid access to a wide variety of data including network, operations, distribution, Internet of Things (IoT), customer, third-party and market data, finance, sales, call data records, and more.

For any oil and gas, renewable energy or utilities provider, the inability to find the right data in a timely manner coupled with data integrity issues, a lack of data governance, transparency and traceability of data can elevate both operational and regulatory non-compliance risks.