Access to substantial amounts of data is only the beginning of the journey towards effective cost management. If the enterprise is not using its data to understand its business processes and the options that alternative or new approaches might present, the data remains merely a playground for analysts. This has never been truer than in the world of electric power. Smart meters and similar devices for measuring power demand at granular intervals are now widely distributed. This technology provides the enterprise, the utility and grid operators with an ocean of data. However, it seems that little is actually done with that data to improve the efficiency of operations.