Esyasoft Technologies recognized in 2023 Gartner® Market Guide for Meter Data Management
Market Guide for Meter Data Management
“Utility CIOs must manage metered consumption data to create information-centric products. This drives data volumes and finer resolution, pushing smart metering toward IoT. This Market Guide provides insights to MDMS products that can support digital optimization and transformation initiatives.” Gartner.
Per Gartner Key Findings
- Accurate, low-latency, higher-frequency consumption data continuously ingested and disseminated is critical for the conservation of water and to manage energy flexibility across the energy transition.
- Metering has evolved from a back-office component of the meter-to-cash revenue cycle into an enterprise operational repository of commodity data that supports multiple use cases.
- The meter data management system (MDMS) market has matured, and it is becoming a replacement market. Buyers are now looking for extended capabilities, including analytics, as well as improved performance and scalability.
- Horizontal Internet of Things (IoT) platform vendors are eyeing the utility metering market, while incumbent MDMS vendors are extending data ingestion capabilities to other types of sensors, aspiring to become generic IoT platform providers.