Market Trends

Energy and Utilities analytics are used by companies to track the power consumption of their consumers using technology. The introduction of smart meters and smart grids have enabled energy and utilities providers to allocate services efficiently and minimize costs. The advancement in technology coupled with ever-growing demand for power the energy and utilities analytics market is expected to grow at an assumed CAGR of 13.5% during the forecasting period 2018-2023. Increasing environmental awareness, rising costs and the need for transparency propelled energy and utilities companies to utilize energy smartly. What is Energy and Utility Analytics?  Energy and Utilities analytics is the implementation of technology to analyze and provide resourceful insights using the data collected. Until a few years ago, energy and utilities providers applied a traditional single data point system i.e. using a meter to monitor power consumption. Smart meters and smart energy grids have revolutionized