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Oracle Named a Leader in IDC MarketScape for Worldwide Utility Meter Data Management
Prnewswire· 2025-12-11 14:00
Core Insights - Oracle has been recognized as a Leader in the IDC MarketScape: Worldwide Utility Meter Data Management Systems 2025 Vendor Assessment for its ability to provide clean meter data to utilities [1][2] - The company's dynamic data handling and innovation in AI and automation enhance decision-making speed and accuracy for its clients [2] Company Overview - Oracle's Utilities Customer Platform integrates metering, billing, sales, service, engagement, and analytics, significantly reducing modernization costs and complexity [3] - The platform offers MDM as a standalone product or as part of the Oracle Utilities Customer Platform, available in cloud or on-premises options [3] Technological Advancements - Oracle's MDM solution processes billions of smart meter readings daily, utilizing advanced Validation Editing and Estimation (VEE) engines enhanced with machine learning for anomaly detection [5] - The introduction of in-memory processing allows for approximately 70% faster meter data processing and reduces storage requirements [5] Market Presence - Oracle's MDM is operational at over 100 utility customers, managing more than 115 million meters across 30 countries [6] - The solution transforms billions of meter reads into operational intelligence daily, showcasing cloud-native elasticity [6] Strategic Importance - The IDC MarketScape emphasizes the importance of viewing meter data management as a strategic enabler for utilities, which can lead to improved operational efficiency and new market opportunities [7] - Clean and reliable meter data is increasingly recognized as a valuable asset in utility operations, especially with the growing role of AI [7]
Oracle AI Transforms Meter Data Management
Prnewswire· 2025-06-03 12:00
Core Insights - The Oracle Utilities Customer Platform has introduced AI-powered anomaly detection and in-memory processing capabilities, enhancing data processing speeds, reducing operational costs, and improving customer service for utility companies [1][2][3] Group 1: Enhancements and Benefits - New features in the Oracle Utilities Customer Platform simplify employee tasks and improve overall platform performance, which integrates metering, operations, billing, sales, account management, customer service, and engagement [1] - AI-enabled anomaly detection has led to a 63% reduction in false positive, high-usage Validation Editing and Estimation (VEE) exceptions, allowing for proactive issue management [7] - The platform enables approximately 70% faster meter data processing, enhancing operational efficiency [7] - Overall storage requirements have decreased by 37%, contributing to lower costs and simplified data management [7] Group 2: Industry Context - The rise of Advanced Metering Infrastructure (AMI) has resulted in a significant increase in utility data, creating challenges in data processing and management [2] - Utilities face growing complexity and costs, necessitating smarter technology to meet rising customer expectations for service reliability and transparency [2][3] - The integration of AI and a unified data framework in the Oracle Utilities Customer Platform allows utilities to leverage accurate metering data for better decision-making and improved customer interactions [2]
Utilities Call on Oracle AI to Transform Customer Service
Prnewswire· 2025-05-06 13:00
New AI capabilities in the Oracle Utilities Customer Platform help call centers better manage volume and quickly deliver smart, personalized assistance In addition to natively embedding AI in SaaS offerings, on-premises customers can also benefit by accessing these innovations via a rich set of APIs. Next, Oracle plans to equip agents with AI-generated customer snapshots before calls start, helping speed resolution and improve the customer connection. In addition, Oracle plans to add full call transcripts t ...