SAS ranks #1 in smart grid analytics and data management

SAS has been ranked No. 1 for smart grid analytics and data management in the recently released utility industry report by GTM Research titled, ‘The Soft Grid 2013-2020: Big Data & Utility Analytics for the Smart Grid'. According to the report, SAS data analytics software lets utilities track, visualise and predict demand.

In addition to trends and predictions for the soft grid, the report forecasts that cumulative global spending on smart-grid-related analytics will top $20.6 billion between 2012 and 2020, with annual spend reaching $3.8 billion globally in 2020.

SAS for Utilities enables companies to create intelligence from disparate data sources and deliver information for effective decision making across the enterprise. Energy and utility leaders around the world rely on the power of SAS to deliver the analysis, forecasts, and energy trading and risk management systems to effectively work the supply-demand equations that dominate their business while complying with regulatory demands for increasing utility interaction with customers.

"This is a transformational time for the utilities industry. Leaders are successfully analysing a wealth of big data they produce to realise the efficiencies and savings of a more intelligent grid," said Tim Fairchild, SAS Global Utilities Practice Director. "Powerful SAS Analytics, coupled with the innovation and leadership of SAS' utilities customers, is helping make smart grid a reality," he further added.

SAS, in India, has been closely working with various organisations in the utilities segment. This includes Reliance Energy and BSES. SAS enables organisations across geographies in increasing load forecasting accuracy and enhancing customer satisfaction indices. Organisations across the utilities sector in India are realising the smart grid vision by using SAS® Analytics and SAS Data Management to discover powerful insights buried in volumes of new data.