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the depth of datasets in a consistent enough manner with a high degree
of confidence about accuracy such that analysis at the portfolio level is
useful.”
MGM’s Magee notes, “The biggest challenge is really logistical in the
sense that we’ve got a lot of equipment that has no sensors, has no control
ability, and it’s extremely difficult to get the data out of. So sometimes we
have a very incomplete picture.”
That doesn’t even take into account data that is not capable of being easily
automated, such as repair and inspection records, certifications or tenant
complaints and requests. Marty Sedler, Intel Corporation’s Director of
Global Utilities and Infrastructure, underscores the problem. “You have to
put in so much assumed data that it’s only as good as the curves and the
models, and the updates that you keep on it. And if you don’t update it
with the right data, it gives you the wrong answer… A ton of data doesn’t
do any good if it doesn’t turn into information.”
Implementing an enterprise-wide big data analytics solution requires more
than utility bill and meter data. Integrating processes and technologies
that collect more robust data will lead to a more strategic solution.
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Three Big Myths About Big Data © 2014 GreenBiz Group Inc. www.greenbiz.com.
Only 33 percent
of owners
report capturing
equipment-level
data.