Industry News Desk
Oracle to Rake in Big Data with DataRaker Buy
DataRaker’s technology and pre-packaged apps will be moved into Oracle Utilities
By: Maureen O'Gara
Dec. 14, 2012 09:00 AM
Oracle said Thursday that it's buying California-based DataRaker for its cloud-based analytics platform, which pulls Big Data off utilities' sensors and smart meters.
It's supposed to help electric, gas and water utilities improve their operations and efficiency.
Oracle didn't say what it's paying.
It said, "Leading-edge utilities are investing in infrastructure to collect massive amounts of data from millions of distributed smart meters and sensors, and they require modern technologies to analyze and understand the insights provided by this data."
The scalable DataRaker platform combines data gathered from smart meters, with data gathered from older legacy systems and provides analysis that helps control costs. Siemens, Toshiba and Itron have similar ventures.
DataRaker's technology and pre-packaged apps will be moved into Oracle Utilities.
DataRaker is still small with its software covering only around 17 million smart meters. It's supposed to help customers shorten the time it takes to handle calls, cut the number of field service appointments and give consumers more personalized information.
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