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