Ferranti - MECOMS White Paper - Big Data: are you taking any risks?
Massive amounts of smart metering data will soon flood your business. Processing this big data requires a highly efficient system, with flexibility to remain compliant and powerful analytics to make sense of it. Will your current system keep you safe without raising cost to serve?
Today‘s hot topic in IT is Big Data: how to store, process and make sense of enormous amounts of data. Meanwhile, after years of experimentation and planning, utilities have started the first large-scale rollouts of smart meters and smart grids. The intersection of these two trends creates numerous opportunities and catapults utilities to the forefront of technological innovation.
The MECOMS™ Value Proposition
Knowing that the smart meter data avalanche is coming, utilities should choose a future-proof solution. With MECOMS™, Ferranti offers a complete suite of tightly integrated modules that support any meter-to-cash implementation, with or without smart meters.
MECOMS™ offers a fully smart-metering-ready MDM solution, able to deal with very high volumes. It foresees an AMI vendor-independent, performing solution with all common functionalities. In addition, it is an integrated solution which is built on Microsoft technology and fully integrated into Microsoft’s Dynamics AX.
Next to MDM, MECOMS™ offers integrated modules that make fully use of the available smart data, enabling real time billing or smart home application support for retail companies. It also integrates with work management, minimizing downtime by "predicting" grid failures. Finally, its open architecture leaves room to add future functionality or even third-party applications, simply because the smart world is changing faster than we can ever imagine.
Smart meters bring about many new opportunities, but also new challenges. And for all involved market parties the impacts will be different. One thing, however, will be in common: new services will be invented, based on intelligent use of "big data". And MECOMS™ is the right tool to do so. Its flexibility and state-of-the-art technology will enable utilities to reap the experiences of many preceding projects, and still successfully enable positive business cases.