The utilities sector is still struggling with big data, a new report claims.
According to the paper, ‘Big data blackout: Are utilities powering up their data analytics?’ only 20% of utilities analyse big data.
However, 75% of respondents saw big data analytics as crucial to future success, the study by consulting firm Capgemini also found.
Head of Sectors and Utilities at Capgemini, Perry Stoneman said: “Companies can overcome problems with big data analytics, they shouldn’t be a problem to companies.
“The challenge the companies need to overcome is getting the talent and the people that understand how these new technologies can be deployed.”
Mr Stoneman said “new technologies tend to have an adoption curve challenge” and one of the reasons companies are holding back is they’re used to having data in their own IT systems and they don’t want to buy in on the cloud as a service.