Oracle Energy and Water Data Intelligence Helps Utilities Unify Data and Accelerate AI Projects

Rhea-AI Summary

Oracle has launched Oracle Energy and Water Data Intelligence, a new data unification, analytics, and AI solution for utilities. This solution extends Oracle's applications by integrating data from Oracle and third-party sources, providing utilities with a comprehensive view of their operations. Key features include:

1. Pre-built, industry-specific insights for faster decision-making
2. Self-service machine learning model development
3. Combination of Oracle Fusion Data Intelligence, Oracle Analytics Cloud, and Oracle Cloud Infrastructure
4. Access to a growing library of insights via extensible dashboards and reports
5. Hundreds of industry-specific insights for energy and water businesses
6. Prebuilt data pipelines to reduce time to value

The solution aims to help utilities manage complex networks, serve customers better, and focus on strategic initiatives rather than integration projects.

Positive

• Launch of Oracle Energy and Water Data Intelligence solution for utilities
• Integration of data from Oracle and third-party sources for comprehensive operational view
• Provision of pre-built, industry-specific insights for faster decision-making
• Self-service machine learning capabilities for customized applications
• Reduction in time to value through prebuilt data pipelines
• Future expansion planned to include pre-integrated pipelines for additional Oracle Energy and Water applications

Negative

• None.

Insights

Data Analytics Expert

Oracle's new Energy and Water Data Intelligence solution marks a significant leap in utility data management. By unifying data from diverse sources, it addresses a critical pain point for utilities struggling with siloed information. The pre-built industry-specific insights and self-service ML capabilities are particularly noteworthy, potentially accelerating decision-making processes and innovation cycles.

The solution's ability to identify customers with electric vehicles for grid planning and detect grid modeling inconsistencies demonstrates its practical applications in optimizing operations and improving service reliability. This could lead to cost savings and enhanced customer satisfaction, positively impacting utilities' bottom lines and market perception.

While promising, the true test will be in its implementation and the tangible benefits realized by early adopters. Investors should monitor customer adoption rates and case studies for concrete evidence of its impact on utility operations and financial performance.

Utility Industry Analyst

Oracle's Data Intelligence solution addresses important challenges in the utility sector, particularly the integration of distributed energy resources and grid reliability improvement. The predictive and prescriptive insights offered could be game-changers for utilities grappling with the complexities of modern grid management.

The solution's focus on automating detection of grid modeling inconsistencies and identifying overloaded transformers directly targets key operational pain points. This could lead to significant reductions in outages and maintenance costs, potentially improving both customer satisfaction and financial performance.

However, the utility industry is known for its cautious approach to new technologies. The success of this solution will depend on its ease of integration with existing systems and the demonstrable ROI it can provide. Investors should watch for early adoption case studies and any impact on Oracle's market share in the utility software sector.

The new data unification, analytics, and AI solution provides the pre-built, industry-specific insights utilities need to make informed decisions faster

LAS VEGAS, Sept. 11, 2024 /PRNewswire/ -- Oracle CloudWorld -- Oracle today announced the availability of Oracle Energy and Water Data Intelligence, a data unification, analytics, and AI solution designed for utilities. The solution extends the value of Oracle's applications by orchestrating the integration of data between Oracle and third-party sources to give utilities a comprehensive view of their operations for powerful analysis and reporting. With easy access to actionable, pre-built insights, company leaders and business users have the intelligence they need to make critical decisions faster. Data scientists can also extend the solution with self-service machine learning (ML) model development to create applications specific to each utility's individual needs. This could range from forecasting load growth for a particular service territory or recommending consumer next best actions based on a utility's own programs.

Oracle Energy and Water Data Intelligence combines the proven data orchestration of Oracle Fusion Data Intelligence, the advanced self-service AI/ML capabilities of Oracle Analytics Cloud, and the secure, scalable architecture of Oracle Cloud Infrastructure (OCI). It leverages these technologies to provide access to a large and growing library of insights, including the ML insights embedded into Oracle applications, via extensible dashboards and reports.

Oracle Energy and Water Data Intelligence is built to provide hundreds of industry-specific insights to meet the requirements of energy and water businesses. For example, predictive and prescriptive insights can be used to close gaps in enterprise data, such as identifying customers who own an electric vehicle to support grid planning efforts. Oracle's Meter to Transformer Mismap insights automate detection of grid modeling inconsistencies to optimize inspection and verification of field staff site visits. Additionally, Transformer Load Management identifies overloaded transformers so utilities can help prevent device failures and power outages.

A robust library of prebuilt data pipelines—including data from Oracle customer, meter, asset, grid, financial, HR, and supply chain applications—helps significantly reduce time to value by making enterprise data readily available for insight discovery. This allows utility teams to focus on strategic initiatives and innovation instead of spending time on integration.

"Utilities are being asked to deliver clean, safe, reliable, affordable services even as networks get more complex to operate and customers more complicated to serve," said Paul McDonald, vice president of product strategy, Oracle Energy and Water. "Data intelligence is essential to meeting these demands and generating new value for everyone, but turning data into usable insights is often derailed by costly integration projects. Oracle Energy and Water Data Intelligence removes this hassle to give utility employees the proactive information they need to simplify their work, take on new responsibilities, and make a more strategic impact every day."

Designed for enduring customer value
With Oracle Energy and Water Data Intelligence, utilities will be able to take advantage of an ever-growing library of AI and ML insights to help solve their evolving business challenges, such as managing decentralized energy resources and improving grid reliability. These insights will be based on feedback from, and close collaboration with, energy and water organizations, including continued testing and development at the Oracle Industry Lab.

Oracle Energy and Water Data Intelligence comes pre-integrated with insights and data pipelines for Oracle's Customer Information Systems (CIS) and metering solutions, including Oracle Utilities Customer Cloud Service and Oracle Utilities Customer to Meter. Future releases are planned to expand functionality to include pre-integrated pipelines for additional Oracle Energy and Water applications, including Oracle Utilities Work and Asset Cloud Service (WACS), Oracle Distributed Energy Resource Management System (DERMS), and Opower solutions.

Learn more about Oracle Energy and Water Data Intelligence, join the discussion on LinkedIn, and visit us at Oracle CloudWorld.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

About Oracle CloudWorld
CloudWorld is where our customers and partners can see the latest innovations in cloud technology, discover methods for getting the most business value from AI today, and explore ways to increase productivity and efficiency through automation. You'll learn from experts and your peers who build and use the applications, cloud infrastructure, databases, developer tools, and AI services that help solve complex business challenges in every industry. Join us to develop new skills and see new capabilities in action. Register now at oracle.com/cloudworld or follow the news and conversation at oracle.com/news and https://www.linkedin.com/company/oracle/

Future Product Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing, and pricing of any features or functionality described for Oracle's products may change and remains at the sole discretion of Oracle Corporation.

Forward-Looking Statements Disclaimer
Statements in this article relating to Oracle's future plans, expectations, beliefs, and intentions are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect Oracle's current expectations and actual results, and could cause actual results to differ materially. A discussion of such factors and other risks that affect Oracle's business is contained in Oracle's Securities and Exchange Commission (SEC) filings, including Oracle's most recent reports on Form 10-K and Form 10-Q under the heading "Risk Factors." These filings are available on the SEC's website or on Oracle's website at http://www.oracle.com/investor. All information in this article is current as of September 11, 2024 and Oracle undertakes no duty to update any statement in light of new information or future events.

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SOURCE Oracle

FAQ

What is Oracle Energy and Water Data Intelligence and when was it launched?

Oracle Energy and Water Data Intelligence is a data unification, analytics, and AI solution designed for utilities. It was announced and made available on September 11, 2024, at Oracle CloudWorld.

How does Oracle Energy and Water Data Intelligence benefit utility companies?

The solution provides utilities with a comprehensive view of their operations, pre-built industry-specific insights for faster decision-making, self-service machine learning capabilities, and prebuilt data pipelines to reduce time to value. It helps utilities manage complex networks and serve customers better while focusing on strategic initiatives.

What technologies does Oracle Energy and Water Data Intelligence combine?

Oracle Energy and Water Data Intelligence combines Oracle Fusion Data Intelligence, Oracle Analytics Cloud, and Oracle Cloud Infrastructure (OCI) to provide its comprehensive data and analytics capabilities.

What specific insights does Oracle Energy and Water Data Intelligence offer for utilities?

The solution offers insights such as identifying customers who own electric vehicles for grid planning, detecting grid modeling inconsistencies through Meter to Transformer Mismap insights, and identifying overloaded transformers to prevent device failures and power outages.