Smart Meters capture consumer data with 15 minutes granularity, that makes each Smart Meters capturing 96 data sets everyday consisting of various consumption parameters. The amount of data that would be available when millions of Smart Meters are deployed would be enormous. IntelliSmart is working on big data analytics using AI (Artificial Intelligence) & ML (Machine Learning) based on energy production and consumption data to tap into new sources of revenue that promise long-term returns by offering Value Added Services such as Personalised Customer Alerts (Bill projections, Neighbourhood & self-comparison), DSM savings (ToU rates, appliance level usage recommendations), Efficient Use (recommendations on inefficient appliance replacements) etc. AMI is well poised to leverage various digital business models to forge closer ties between energy industry and other sectors such as consumer appliances.
Key benefits of Smart Meter Analytics: