$20bn for soft-grid forecast 2030-2012 = smart grid related analytycs
Post date: Dec 14, 2012 10:59:54 AM
Soft-grid spending
Soft-grid (ANALYTYCS)
Driving growth are data technologies
big data appliances, to predictive analytics
o Hadoop
open-source data management platforms
o MPP
massively parallel processing
Advantage:
Cost improvements and enhanced performance
of underlying data storage and infrastructure layer
Explainer cloud:
digital energy, digital village, Cloud, IT-Smartgrid
to the utility industry, the potential of smart grid has shifted dramatically from the original aim of adding a myriad of new applications toward a complete re-invention of the utility business. We are now moving into a market where the spotlight will be on the data analytics software that will allow utilities to track, visualize and predict -- the core elements of what GTM Research calls, The Soft Grid.
In terms of market adoption, GTM Research forecasts cumulative global spending on smart-grid-related analytics to top $20.6 billion between the years 2012 and 2020, with an annual spend of $3.8 billion globally in the year 2020. We estimate that for utilities deploying these technologies, the achieved return on this investment will exceed $121.8 billion globally over the same nine-year time period.
source: greentechmedia.com
The Soft Grid 2013-2020: Big Data & Utility Analytics for Smart Grid
With the introduction of big data and analytics
for power plant utilities Soft-grid born
Investment: $ 20bn
ROI return of Investment $122bn