There are many big data challenges: big data projects have become an ordinary part of doing business, but big data management is not easy. 95 percent of Fortune 1000 business leaders interviewed reported that their firms had undertaken big data projects in the past five years, according to the NewVantage Partners Big Data Executive Survey 2017. However, fewer than half (48.4 percent) said that they achieved measurable results with their big data initiatives.
Big data analytics provides an almost endless source of business insight and information which can lead to business improvement and new opportunities for companies to generate unsustainable income. IT and telecommunications management need to know when the integrity of their key infrastructures is threatened. Multi-vendor and multi-function devices with different communication protocols are often devices that need monitoring. mPrest, a pioneer in this field, provides mission-critical monitoring, control, and big data analytics software. With the power of the Industrial IoT, a proven, digital transformation catalyst for the integrative “System of Systems” is used by mPrest. The innovative management solutions offered by the company are in use for next-generation applications for energy utilities, defense, and HLS systems for carrier service providers, system integrators, smart cities, and IoE (Internet of Energy).
As a growth strategy for their business, the company has started partnering with other enterprises. mPrest recently partnered with Southern Company (NYSE: SO), the leading energy company in the United States, to develop and to implement a solution to further strengthen the robust distribution system of the Southern Company's resiliency, efficiency, and flexibility. Southern Company maintains 9 million customers through its subsidiaries with 46,000 MW of generation capacity and 1,500 trillion cubic meters of combining consumption and fuel production volume. Activities comprise nearly 200 000 miles and over 80 000 miles of natural gas pipelines of electric transmission and distribution lines.
Intelligent grid applications from the mPrest “System of Systems” network address directly the challenges of the emerging industry including quick networking, sharp energy demand changes, extreme weather events, and cybersecurity challenges. As a primary step in the partnership, both the companies were awarded a grant from BIRD Energy, a program sponsored by the U.S. Department of Energy, the Israeli Ministry of Energy, together with the Israel Innovation Authority, and managed by the Israel-Binational Industrial Research and Development Foundation (BIRD), to develop a distribution product that turns the grid into a state-of-the-art system. Furthermore, Technologies such as this allow optimum energy distribution, resulting in savings in energy and costs, and reliable energy resources integration. Experts from the firm think that by collaborating with their functions and solutions, this will provide new insights into the industry toward a brighter future.