FEAT RE FEA ATURE


ENERG MANAGEMEN SOFTWARE ENERGYMANAGEMENT SOFTWAR E ARE WE MAKING ME TH E Steve Arm tage full advan age to capitalise on the proliferation of Big Data


efficiencies.With this become a catalyst for


gertips, assetmanagers and generators can closely detail and track the financial benefits of their energy production, reconcile actual usage against forecast, and improve overall transparency. Furt


finge rthermore, by


combining operational and livemarket data, decisionmakers are able to respond quickly to rapidly changingmarket conditions. Taking ownership of this data also grants generatorswith the ability to create detailed breakdow allow


Figure 1: A


round this time last yearMicrosoft and Accenture’s ‘Oil &Gas Digital and


Technology Trends Surv rvey’ acted to highlight


the expected growth of Big Data in the energy sector. Looking ahead to the next three to five years, 89 per cent of


respondents agreed that ‘leveragingmore analytics capabilitieswill addmore business value’,while the surv


rveywarned that


“companieswho do not continue to invest in digital technologies risk being left behind.” No surprises then that the juggernaut of Big Datawill continue to transformthe industry in the coming years. Indeed, the introduction of smartmeters across the board can be seen as symbolic of the sector’s gradual andwelcomed transition into th e digital age


ge


SMART METERING Unfortunately, how


SMAR ME ERING


RT ET ge.


owever, and certainly the


rvices.Ofgemhas previously accused the UK’s ‘Big Six’ of being too slowin rolling out smartmeters to business customers, noting disappointment in the “overall performance of themaj


ajority of suppliers.” 8 SU SUMMER 201 ER 2016 | ENERG MANAGEMEN ENERGY MANAGEMENT


viewfromoutside the industry, the slow rollout of smartmeters is equally symbolic of the sector as cumbersome and slowmoving in its adoption of data analytics to improve serv


ow While questions are being raised as to


whether this initiativewill be able tomeet its 2020 deadline, smart


rtmeters aside, there are


already a number of other avenueswithin the industrywhere effective use of data analytics promises step change


ge in theway


we operate. The question is; rather than living up to the accusation of being too slow, arewe fully capitalising on the current opportunities?


DATA CAPT ATA CAPTU TA CAPTURE


Capturing energy effort tomanage


gy


costs h data in


long been the goal of consumers, however, capturing that same energy data can also empower asset managers and


generatorswith the


most importantly, impact bottomline.


insight and foresight to help boost productivity, rove efficiency and, rt


impro With the right platform extrapolated to track energy gy production


directly against the income generated, for example, allowing rapid analysis of live marke


ket data. Establishing this vital link UD Group


www.udgroup.co.uk T: 0800 690 6324


www.udgroup.co.uk / ENERGYMANAGEMENT ENERGYMANAGEMENT a “Wi “W


to track energ directly


ra liv With the right platfo direct y against e right plat rmform,


data can be extrapolated to track energy production ly against the income for example,


data can be extrapolated gy


generated for example, allowing rapid analy is olysis of livemarkerk t data .....”.”


generated fo ex llo


et d ta


oduction e i com


ENERG MANAGEMEN SOFTWARE unwieldily. The transformational software


ENERGY MANAGEMENT SOFTWARE Aswe all know, energy data can be


WA industry ry isworking hard to combat this by


unlocking the data and presenting it in away that cuts through to t And the ood news is prevails.


g y


me-change a k


m t


e o


c g g


that it’s simplicity that he pertinent nuggets.


gers in themarket are the


re platforms that succeed in ing this information accessible, uitive, easy to integrate into current ystems, and easy to use; it’s about aking the complex simple.


re


ility software UDGroup is


rving an international client base. e industry needs to embrace vation through transformational are so that data can be leveraged i n onstructiveway. Perhaps, it’s not faster that’ res required, but smarter at being smart.


rv


a specialist energy and re solutions prov


gy ovider,


gers in the driving seat allowing the m to see problems before they actually occur and then take steps to improve results .


variables among the different components of their energy production. This could includewholesale energy, ROCs, system benefits and Feed-In-Tariffs. Such itemised reportingwill put ge manage


owns of their financial revenues, owing themto fully understand the re


generators and asset ,


ARE WE MAKING ME THE MOST OUT OF OUR DAT


ATA?


Steve Armitage, ,Managing Director at UD Group questions whether the industr y is yet takin g full advantage to capitalise on the prol erati n of Big Data


between these two sources of data is somewhat of a ga


game-changer for the


embedded generation industry and can greater value and information at their


anaging Director at UD Group questi n s whether t e i dust y i yet taking


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