The speakers discussed the significance of real-time data analytics in the utility industry, emphasizing its role in making timely decisions, avoiding cascading failures, and optimizing operations. They highlighted the need for utilities to modernize their systems to accommodate real-time decision-making, leveraging technologies such as AI and ML to analyze vast amounts of data from sensors and make decisions in sub-second intervals. The speakers also discussed the challenges of managing and analyzing large volumes of data in real-time, including the need for a database that can handle both streaming data from latest devices and traditional data from mainframes, and mentioned Apache druid as a potential solution.

Action Items

• [ ] Reach out to Darren and Josh on LinkedIn for more information on Imply's products and services.
• [ ] Share Darin and Josh's contact details (email, LinkedIn) with listeners.
• [ ] Continue conversations on real-time analytics and related topics from Distributech on the Industrial Talk podcast.

Outline

Real-time analytics importance in utilities with industry professionals.

• Real-time analytics are crucial in utilities to prevent cascading failures and outages.
• Darin Briskman shares his background in physics and data management, while Scott MacKenzie introduces Josh.

Real-time data analytics in utilities, prioritizing response times.

• Real-time data analytics is crucial for utilities to make timely decisions and avoid cascading failures.
• Utilities and IoT companies need real-time data to operate in today's fast-paced world.

Modernizing utility systems with real-time analytics and dashboards.

• Josh discusses modernizing utility systems with real-time analytics and anomaly detection.
• Darin: Electric industry faces challenges with managing large volumes of data from various sources, including mainframes, smart meters, and SCADA systems.
• Josh: Real-time data analysis is crucial to make sense of the variety and velocity of data, but it's not always easy to do so due to the complexity of the data and the need for a robust database.

Using data analytics for efficiency in various industries, including utilities and energy.

• Darin explains how Apache Druid can be used to make sense of streaming data.
• Darin explains real-time dashboards and analytics applications for decision-making in various industries.
• Scott MacKenzie highlights the importance of data management and real-time decisioning in critical situations.
• Scott MacKenzie: Utilities must commit to greater efficiency through data-driven decisions.
• Darin: Predictive maintenance can help utilities fix issues before they break, saving time and money.

Technology innovation and collaboration in the utility industry.

• Scott MacKenzie and Speaker 3 discuss the growth of open source technology and its potential for revenue-bearing use cases.
• Josh, a founder of the original Apache geode, open source database, shares his experience in the open source world and believes in its potential for growth.
• Josh Bartlett and Darin Briskman discuss problem-solving in the utility space.