The threat of cyber-attacks on America’s electric grid has been a common topic in the news recently.
Following the attack on communication software affecting multiple U.S. pipeline companies and recent warnings of Russian attacks on the electric grid, the U.S. Department of Energy announced it is offering a grant of $25 million for projects to combat future hacks. Awarded projects are intended to support:
Plugging in software solutions without incorporating data analytics capabilities often leaves companies lacking a key component in assessing performance and identifying potential improvement opportunities. Utilities that implement strong advanced analytics can use the information to bolster decision making and more quickly pinpoint bottlenecks and friction in their processes and systems. However, implementing a successful data analytics program requires strategic planning to avoid pitfalls such as chasing the latest fad or trend that quickly fades into oblivion.