Drivers for change in the energy sectorSeptember 4th, 2020 by Energyworx
Against a backdrop of increasing regulatory demands, market adjustments, cost efficiencies and increasing consumer demand, utilities are challenged to be much more agile than ever before.
Massive growth in the volume and diversity of data, insufficient quality of data and expanding data silos are emerging obstacles utilities face as the world transitions to decentralized low-carbon energy.
In this podcast Marcel Smit of Energyworx and Thorsten Heller at Greenbird discuss key trends driving the energy sector and share the reasons behind both companies announcing a partnership agreement to offer Integrated Cloud Energy Data Management for new utility business models.
You will learn:
- Drivers behind cloud versus on-premise preferences
- Challenges in SaaSifying the energy sector
- Build versus buy decisions using in-house IT resources
Energyworx: Digital platform for the energy transition
Energyworx is the flexible and scalable energy data management solution for the modern digital utility that needs to get a better grip on his energy and meter data analytics. Utilities need to cope with the effects of the energy transition and the resulting market and regulation changes, with an ongoing pressure on operational efficiency. Retailers need better energy deal analytics to provide faster and more profitable deals and services to their customers at a lower risk to their portfolio.
The platform includes a solid data foundation and several solutions, like Cloud Meter Data Management and Load Forecasting and Energy Deal Analytics. Energyworx enables the building of sophisticated algorithms like anomaly detection and proprietary analytics to respond quickly to changing market conditions (as a result of e.g. Covid-19), while maintaining a high level of efficiency and competitiveness.
Greenbird: Simplifying data provisioning for utilities
Data provisioning—the process of making data available in an orderly and secure way to users, application developers, and applications—is a significant challenge for most utilities. Research shows that organizations typically spend more than 80% of all IT efforts just on preparing data or making “good data” accessible. With many widely varying demands for data, the job of integration and data provisioning is more important than ever. Yet the task has many challenges, some unique to the utilities sector. Utilihive Big Data Integration Hub has been recognized by utilities around the world and is ideally positioned to offer fast, secure and reliable energy data access and to enable the integration of partner software solutions operating smart meters and smart grids.
Everything we do is designed to accelerate the world’s transition to clean energy. If you are able to crunch data without being limited by scale, speed and obsolete pricing models, the possibilities are endless.
Marcel E. Smit, CEO, Energyworx
Marcel E. Smit has a strong history of leading successful high growth companies, and is an energetic, hands-on, customer centric executive with more than 25 years of experience in international enterprise software (SaaS). As CEO of Energyworx, he brings a combination of SaaS and on-premise experience with both startups and listed U.S. software companies, with a focus on growth, recurring revenue models and profitability – as well as two successful company exits.