Oracle buys DataRaker for energy analytics smarts
Summary
Other than its well-publicized cloud computing push, Oracle(s orcl) has been buying more into vertical application niches for years. On Thursday it’s done more of the same with news of its planned acquisition of DataRaker, which specializes in “cloud-based” (naturally) analytics for the electric, gas and water utilities world. This “Big Data” requires an innovative technology platform to process and analyze the information so that utilities can then leverage it into actionable business intelligence. DataRaker’s cloud-based analytics, when combined with Oracle Utilities solutions, are expected to transform meter, customer, network and asset Big Data for improved decision-making capabilities. According to its website, DataRaker’s applications are used by utility companies to identify energy and water theft via meter tampering or service bypass by pattern recognition.
