Oracle buys Cloud-based analytics firm DataRaker to help utilities learn from Big Data

Oracle_Utilities Oracle Utilities

Redwood Shores, California, USA – Oracle has agreed to acquire DataRaker, a provider of a cloud-based analytics platform that enables electric, gas and water utilities to leverage vast amounts of data to optimise operational efficiency and improve the customer experience. Terms of the acquisition are yet to be revealed.

Leading utilities are investing in software and infrastructure to collect massive amounts of data from millions of distributed smart meters and sensors. To do this they require modern technologies to analyse and understand the insights provided by this data.

DataRaker’s proven solutions enable customers to gain immediate benefits from smart devices, by transforming meter, customer and network data into insights that can, says Oracle, have a dramatic impact on organisational performance.

The combination of Oracle and DataRaker’s cloud-based solutions aims to provide utilities with the most complete solution to harness the benefits of utility ‘Big Data’ to improve operational performance and enhance customer experience.

Rodger Smith, Oracle Utilities
Rodger Smith, Oracle Utilities

“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 (pictured above), senior vice president and general manager, Oracle Utilities. “With DataRaker, Oracle can provide customers a complete and integrated set of products to further unlock efficiencies and create data insights that maximise business value.”

“Oracle’s proposed acquisition of DataRaker represents a strong endorsement of DataRaker’s proven, scalable and high-performance platform. 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, CEO and co-founder, DataRaker.

More information on this announcement can be found at http://www.oracle.com/DataRaker

Recent Articles

realme CEO unveils 2021 plans following international awards

Posted on: January 15, 2021

According to the CEO of realme, though challenging year 2020 saw “positives on many fronts for realme, from corporate to product to design and more”. realme cemented its position as a mainstream global smartphone brand, ranking 7th overall in terms of shipments.

Read more

Where old meets IoT, SaaS integration

Posted on: January 15, 2021

Old meets new in the Internet of Things (IoT). It has been seen that we as humans only look forward when supported by evidence we already know (the past). This means, says Joseph Zulick of MRO Electric and Supply, that it becomes harder to find solutions that we have not already considered.

Read more