Data related barriers in the Industry
Utilities and energy-intensive organizations are facing a growing data wave. This surge is driven by new smart meters with hundreds of channels, rapidly changing regulations demanding more granular data and changing market conditions.
But it’s not just about the amount of data. The data itself is often incomplete, inconsistent, and sometimes just plain wrong.
Energyworx has created a time series platform specifically designed to automate all kinds of energy-related data processing. This cloud-native digital backbone comes with preconfigured modules that can be easily adjusted to solve any data-related challenge you have.
Data related barriers in the Industry #1 – Grip on data
The Problem
We have not enough control over our data
Utilities are overwhelmed by the volume and questionable quality of data from smart meters and grid sources. This fragmented and unreliable data leads to unnecessary costs to fix this, it hinders decision-making, slows responses to market changes, and stifles innovation.
How we help
Perfect Grip on data volume and quality
Energyworx’s cloud-native platform tackles the challenges of energy data management head-on. Built on over a decade of experience, it handles any time series data. Smart integration helps to quickly connect and collect data from any meter, headend system, or other data source.
Advanced validation, estimation, and editing models automatically improve your data quality. These models ensure your data reaches the required level of accuracy.
The platform includes a suite of modular and preconfigured solutions, resulting in fast implementation and adaptation.
This empowers utilities to regain control over their data, improve accuracy, save costs, and adapt quickly to changing needs.
This means regaining control over your data at every level.
Data related barriers in the Industry #2 – Automate Energy Data Management.
The Problem
We have no automated Energy Data Management process
Utilities are in a race against time, struggling to meet demands from regulators, customers and other market parties, due to data overload, legacy systems, and insufficient integration.
This struggle leads to costly manual interventions, eroding employee morale, jeopardizing customer satisfaction, and increasing the risk of non-compliance.
How we help
Master all kinds of energy data related challenges
Energyworx’s cloud-native platform, built on extensive experience, helps utilities master all kinds of energy data related challenges. Its modular design allows easy integration with existing systems, while its powerful engine automates data processes, ensuring accuracy and efficiency.
Energyworx’s powerful engine automates and scales complex data processes with configurable flows, ensuring accurate and timely completion, monitored through a configurable task manager.
This empowers utilities to fully automate their energy data management processes which helps them to adapt quickly to changing needs and regulations.
Data related barriers in the Industry #3 – Quickly adjust to change
The Problem
Not able to adapt quickly to new regulations
Utilities struggle to adapt quickly to new regulations, customer demands, and other changes. This struggle stems from aging infrastructure, inflexible legacy IT systems and fragmented data. All of this makes upgrading these systems costly and time-consuming.
Furthermore, the rapid pace of change in the energy industry compounds these challenges, making adaptation even more difficult and expensive.
How we help
A suite of preconfigured, modular solutions
Prior to the inception of Energyworx, the founders had firsthand experience in the challenges that utilities faced.
This experience inspired a flexible, adaptable architecture for our cloud-native time series platform. With a generic data model, it seamlessly molds to your business needs, not the other way around. Integration, modeling, processing, and analysis are all streamlined for effortless data management.
Our time series platform offers a suite of preconfigured, modular solutions for energy data management and smart grid applications. This modularity allows for seamless integration with your existing systems, eliminating the need for a disruptive overhaul.
Data related barriers in the Industry #4 – Accelerate innovation and new business models
The Problem
We need to accelerate innovation and launch new business models
Utilities are caught in a perfect storm of challenges. As the energy industry undergoes a rapid transformation driven by new technologies and evolving customer expectations, utilities are struggling to keep pace
Utilities need to innovate, yet outdated infrastructure, siloed data, complex regulatory environment, and the constant pressure to balance innovation with affordability create a daunting obstacle course.
How we help
Streamline implementation and accelerate innovation
Energyworx provides a flexible platform that enables utilities to easily integrate new technologies and adapt to changing needs and regulations, accelerating time to market.
The platform’s powerful engine automates complex data processes, freeing resources for innovation. Advanced validation and estimation tools ensure data accuracy, enabling better decision-making.
Preconfigured modules and integrated machine learning capabilities further streamline implementation and accelerate innovation cycles by allowing utilities to quickly test, adjust, deploy and scale their own ML model.
Data related barriers in the Industry #5 – Detect areas to reduce and save energy
The Problem
Reduce energy consumption
Energy-intensive industries struggle to pinpoint energy waste due to the complexity of measuring consumption across diverse processes. This makes it difficult to identify and prioritize areas for improvement.
Utilities need better tools to help their industrial and residential customers save energy. Outdated data analytics and technology limit their ability to accurately measure energy use, design effective efficiency programs, and track their impact.
How we help
‘The greenest energy is the energy that we don’t use’
Energy Insight Analytics, developed by Energyworx, offers a powerful solution for organizations seeking to pinpoint and eliminate energy waste. This advanced analytics solution provides detailed insights into energy consumption, identifying inefficiencies such as equipment running unnecessarily or during idle periods. It can predict maintenance needs, preventing costly downtime and further energy waste.
For utilities, our advanced analytics forecast energy demand with exceptional accuracy by considering factors like weather patterns and historical trends. This enables optimized energy generation and distribution, reducing waste and ensuring grid stability. Furthermore, load disaggregation allows utilities to provide customers with personalized insights into their energy usage, empowering them to make informed decisions about their consumption.
Ultimately, Energy Insight Analytics translates to lower operating costs, a reduced environmental impact, and a more sustainable future.
‘Riding the data wave to innovation.’
Do you have a specific challenge or use-case?
• Do you need to increase revenue?
• Need to invest in the grid?
We would be happy to give a demo and show you what we can do
