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 Issue: Big Data In Energy How can the energy sector leverage big data technology?

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Presentation on theme: " Issue: Big Data In Energy How can the energy sector leverage big data technology?"— Presentation transcript:

1  Issue: Big Data In Energy How can the energy sector leverage big data technology?

2 Current Challenges in the Sector  Increased Demand for Energy  Fragmented Infrastructure  Access

3  Opportunities  Improved quality of services  Increased environmental safety  Meeting Climate Change Goals  Cost-Savings  Risks  Security  Privacy  Environment

4 1.Improve the Quality or Delivery of Services 2.Improve Cost-Effectiveness of Public Sector Spending 3.Raise Equality Outcomes for Vulnerable Populations Guiding Principles

5 Evaluation 1. Micro Grants Outcome → Encourage tech development Strengths - Leveraging resources - Efficiency outcomes - Low-risk - Cost-savings Drawbacks - Limited regulation - Privacy, security, environmental concerns 2. Modernized Regulation Outcomes → Safety and usage standards Strengths - Continuity - Safety and environmental - Security Drawbacks - Privacy - More costly - Access 3. Infrastructure & Open Source Outcomes → Build capacity and encourage innovation Strengths - Leverage the opportunities - Increased security - Increased access - Long-term cost-savings Drawbacks - Privacy - Costly

6 Recommended Option  Governments fund infrastructure investment  Infrastructure:  Decentralized energy  Smart Metering/Real-Time pricing  Combined Heat and Power  Different implementation in US and Canada  Short-term costs, long-term pay-offs  Open Sourcing  Security and Privacy Regulations  Spark innovation  Transparency  Timeline: Phased implementation – 10 Year Goal

7 Analysis  Addressing Key Challenges  Equity with real time pricing - Opt-out Option  Privacy restrictions  Security concerns  Both demand and supply side  Environmental Protections


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