DataRaker provides a cloud-based analytics platform that enables electric, gas and water utilities to leverage large amounts of data.
“Big Data created by smart meters and sensors has presented utilities with an enormous opportunity to improve operations and deliver better customer service by acting on the unique insights that can only be found by understanding the massive amounts of data coming from their customers and networks,“ said Rodger Smith, senior vice president and general manager of Oracle utilities.
“With DataRaker, Oracle can provide customers a complete and integrated set of products to further unlock efficiencies and create data insights that maximize business value.”
These utilities require technologies to analyze and understand the insights gathered from this data.
“We are excited to be a part of Oracle, and look forward to combining our resources to drive new innovations that will continue to deliver value to customers,“ said Rick Brakken, DataRaker CEO and co-founder.
DataRaker's solutions work to transform meter, customer and network data into insights that customers can read from smart devices, optimizing operational efficiency and improving customer experience.
Oracle said it expects the combination of its cloud-based solutions and that of DataRaker's to provide utilities with the most complete solution to harness the benefits of utility Big Data.