One of the primary consequences of implementing smart metering technology is that it results in a flow of data several magnitudes greater than any previous traditional metering schemes. This increased data volume will not only flow into the managing utility, but may also be passed to and from third-party retailers for processing under new and modified market transactions. The need to manage this data, and subsequently transform it into actionable business intelligence, creates challenges for utilities implementing smart metering.
To meet these challenges, meter data management systems (MDMS) provide utilities with a critical solution for storing, validating, aggregating and processing large volumes of data, in preparation for billing, settlements and other reporting and reconciliation obligations.