ABSTRACT
This chapter introduces the analytical models specific to the utility enterprise, including the basic concept and goals of data modeling as well as the benefits and
challenges of creating useful models. The use of appropriate analytical models is the foundation of process change within the utility to drive business value and return on smart grid investments. Additionally, we look at an optimization approach for taking steps toward balancing the forces of growth and profitability through the well-balanced and rational use of advanced analytical models.
