March 28, 2014 § Leave a comment
An article in the latest McKinsey Quarterly has this fascinating depiction of how inefficient our resource utilisation can be. Unsurprisingly, the article identifies Big Data as one of the tools to address this problem:
The era of big data will also have a huge effect. At the moment, the average utility collects about 60 million data points each year—five million customers and a dozen monthly bills. When smart meters, distributed generation, and electric vehicles come into widespread use, the average utility may have to handle five billion data points each day. The grid will almost need to be redesigned from scratch to get the full benefit of the new types of solid-state transformers, as well as the ability to sense problems and solve them automatically and, essentially, to have little power plants on millions of rooftops as solar prices keep coming down.
Image source: McKinsey Quarterly