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$34 Billion forecasted for Smart Grid Data Analytics
Smart grids are electrical grids which use information and technology to supply electricity through more efficient means throughout their grid. Forecasters have predicted that Smart Grids will spend $34 Billion over the next 8 years, up to 2020. Smart grids produce massive amounts of data at a very high rate, and the volume of data being output by Smart Grids are forecasted to grow by magnitudes over time. More for reading, visit Daily Finances article.