Redwood Shores, Calif., August 30, 2010 — Oracle announced the availability of Oracle Utilities Meter Data Management 2.0, a key component of the Oracle Utilities Smart Meter Platform, which helps utilities manage the vast quantity of customer energy and water consumption data gathered from smart meter deployments.
With Oracle Utilities Smart Meter Platform, utilities can organize consumption data and turn it into actionable intelligence — improving service, controlling operational costs and responding appropriately to meter-related events and alerts.
Oracle Utilities Meter Data Management 2.0 sits at the platform’s core and verifies, stores, processes and formats the data, providing every utility department, application and business process with the metering information it needs.
Oracle Utilities Meter Data Management 2.0 minimizes data duplication and interoperates with Oracle Utilities Customer Care and Billing, enabling, for example, a customer service representative to easily access the data required to resolve customer queries without having to jump between applications.
With the system, utilities can still leverage custom, legacy systems with a more simplified IT architecture, which supports the move to time-of-use, intraday or real-time pricing initiatives. The software enables utilities to retain the key flexibility needed to configure an IT system to meet the goals of any smart grid initiative.
Within the next 12 months, Oracle plans to include the following applications in Oracle Utilities Smart Meter Platform: Oracle Utilities Business Intelligence for Meter Data Management, Oracle Utilities Smart Grid Gateway and full support of communication to customers regarding usage and efficiency programs.
The Oracle Utilities Smart Meter Platform enables utilities to choose only the products and services they need to meet today’s requirements while providing a solid foundation to add new functionality when needed.