From Meters to Tweeters: GE's Grid IQTM Insight Puts Big Data to Good Use
25925 Telegraph Dr.
Southfield, MI, 48034
Press release date: October 9, 2013
Industrial Internet Solutions like GE’s Grid IQTM Insight Help Mesh Intelligent Machines, People, Data and Advanced Analytics
Transforms Large Amounts of Raw Data to Easily Digestible and Useful Information
Social Media Monitoring Capabilities Identify Outage Locations Faster than Ever Imaginable
CHICAGO — Last year, GE (NYSE: GE) announced the launch of its portfolio of Industrial Internet solutions. Today at GE’s Minds + Machines 2013 conference—taking place in Chicago—GE Chairman and CEO Jeff Immelt discussed how business and technology leaders can implement these solutions to improve efficiency and ultimately create smarter, faster and more predictive solutions to improve productivity, efficiency and reliability. Launched in January, GE’s Grid IQTM Insight—a PredictivityTM solution for the electric utility industry—was one of the first solutions rolled out as a part of the company’s ever-increasing portfolio of Industrial Internet solutions. This advanced analytic solution helps utilities turn mounds of data into actionable information.
Today’s electrical distribution systems continue to evolve as new smart devices are added to the network. With each installation comes the capability to better monitor and report important data related to energy usage, outages and changes in demand. This mass influx of raw data has led to a major void that must be addressed—data is currently being generated exponentially faster than it can be analyzed. To fill this void, utility companies often find themselves in search of software solutions to help break down data from sensors and smart devices to find value hidden in a sea of raw data.
Grid IQ Insight provides utilities with advanced analytic capabilities to meet their business needs and create a stronger connection to the machines that power the grid. It applies proven analytics to make sense of big data collected from intelligent machines to better predict, manage, model and forecast potential problems that a utility’s electrical grid may face. The software strategically monitors influential data—such as electrical usage, grid performance and weather history—creating an interconnected “ecosystem” of people and machines to better equip utilities with the information and tools needed to optimize their electrical distribution systems. Utilities can then apply the information and knowledge gained through Grid IQ Insight’s advanced analytics and visualization to ensure a more efficient and reliable energy supply to their end users.
“Making sense of grid data can be both a challenge and an opportunity,” said Michael Carlson, general manager—software solutions, GE’s Digital Energy business. “Applications like Grid IQ Insight are contributing immensely toward the emergence of the Industrial Internet. These innovations will enable the integration of people, machines and big data with analytics, creating a living network of information capable of developing more reliable and efficient energy solutions in the future.”
One way GE’s Grid IQ Insight is working to connect minds and machines is its capability to monitor social media for outage information. Every day, approximately 500 million registered Twitter users generate more than 340 million tweets. That immense amount of content translates to about 320,000 daily tweets from a typical utility’s customer base. Grid IQ Insight software is able to analyze all of this social content to identify postings that can help locate a trouble spot or outage in a utility’s electrical distribution system. In many cases, the outage location can be detected before the first customer calls the utility to report a problem.
“GE’s Grid IQ Insight software can play an invaluable role during and after a storm or natural disaster has occurred,” Carlson continued. “For example, weather-related shocks to the grid can be greatly improved and expedited through Grid IQ Insight’s ability to monitor social media content through the peak of the storm—and in its aftermath. The software rapidly sorts through content to find out what areas are hit the hardest and are in need of immediate power or help. The ability to harness and disseminate this information to utility command centers can help restore critical power in a way that would have been unimaginable just years ago. The information and intelligence brought to light by the Grid IQ Insight software make it a truly brilliant solution.”
In addition to analyzing outage data in the wake of a storm, Grid IQ Insight is designed to provide crucial information regarding renewable energy generation. While renewable energy provides clean energy to the grid, it can be hard to supply guaranteed power due to the variability of the weather. Grid IQ Insight combines past, present and future weather patterns and forecasts to help maximize the amount of renewable energy a facility can integrate into the grid. GE’s grid analytics software allows utilities to optimize which source of power is most efficient at a given time. Combining this energy with the readily available power from traditional power generation facilities helps to establish an efficient reliable electrical grid. Please click here to view GE’s infographic on how Grid IQ Insight is being put to work around the world.
GE’s Digital Energy business is a global leader in protection and control, communications, power sensing and power quality solutions. Its products and services increase the reliability of electrical power networks and critical equipment for utility, industrial and large commercial customers. From protecting and optimizing assets such as generators, transmission lines and motors, to ensuring secure wireless data transmission and providing uninterruptible power, GE’s Digital Energy business delivers industry-leading technologies to solve the unique challenges of each customer. For more information, visit http://www.gedigitalenergy.com.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
Follow GE Energy Management and its Digital Energy business on Twitter @GE_EnergyMgmt and @YourSmartGrid.
Masto Public Relations
GE - Digital Energy
Phone: +1 678 742 1529
Masto Public Relations
Phone: +1 518 786 6488
Masto Public Relations
Phone: +1 518 786 6488