As a critical business component, utility companies must be fully informed about data processes and have the capabilities to predict power generation and grid loads in advance. Investing in advanced analytics and implementing data management frameworks have become top priorities for organizations seeking to drive digital transformation and establish a data-driven culture.
The energy company in this case study is one of the largest electricity providers in the world. The company identified that success in establishing a data-driven culture is essential for energy efficiency, avoiding operational issues, preventing downtime periods, and optimizing operations in their entirety. Guided by an overarching vision to optimize costs and services while ensuring compliance, the company requested the ability to understand and forecast energy loads every hour, anytime, irrespective of conditions. This required a well-governed data generation and management program that could facilitate the delivery of impeccable services with real-time insights, accuracy, and consistency.