CenterPoint Energy faces significant challenges in managing big data due to the rapid growth of smart meter installations and associated data, requiring effective solutions for analytics and regulatory compliance. With projections indicating a rise in analytics spending from $700 million in 2012 to $3.8 billion by 2020, the company is transforming its data management strategy to handle over 1 petabyte of smart meter data and improve operational efficiency. Their goals include developing a scalable data management platform that accommodates real-time reporting and advanced analytics capabilities.