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This paper discusses about future challenges in terms of big data and newtechnologies. Utilities have been collecting data in large amounts but they arehardly utilized because they are huge in amount and also there is uncertaintyassociated with it. Condition monitoring of assets collects large amounts ofdata during daily operations. The question arises "How to extract informationfrom large chunk of data?" The concept of "rich data and poor information" isbeing challenged by big data analytics with advent of machine learningtechniques. Along with technological advancements like Internet of Things(IoT), big data analytics will play an important role for electric utilities.In this paper, challenges are answered by pathways and guidelines to make thecurrent asset management practices smarter for the future.

Smart Asset Management for Electric Utilities: Big Data and Future