energy forecasting Posts

Internet of Things

Arnie de CastroFebruary 21, 2024 0

Reflecting on advancements and emerging trends in energy forecasting

Government regulations, technological advancements and improvements in energy forecasting are complex issues that require deep discussion. Several pivotal thoughts were shared through a recent webinar dedicated to unraveling these complexities, shedding light on the nuances of the issues and their interconnectedness. Here are a few key takeaways from that discussion.

English

Energy & Utilities

Advanced Analytics | Analytics

Jennifer OlsonJuly 6, 2023 0

3 ways AI and advanced analytics help manage the energy crisis in manufacturing

The need to use less energy is becoming critical to manufacturers worldwide. The transition to a clean energy economy drives new developments in the energy sector. Manufacturers must find ways to reduce energy use to stave off growing internal production costs and remain competitive. Let’s discuss why the global energy

English

Energy & Utilities | Manufacturing

Analytics

satellite image of Hurricane Harvey making landfall near Houston

Alyssa FarrellAugust 29, 2017 0

After the storm: Analytics help energy companies anticipate and recover

Widespread flooding. Downed power lines. Broken poles. Failed transformers and breakers. Leaking pipes. Shut down refineries. The toll that a catastrophic storm takes on the energy value chain is significant. A functioning power grid, clean water and reliable fuel sources are critical for public safety and economic recovery. Even with

English

Energy & Utilities

Analytics

Alyssa FarrellJune 8, 2017 0

From gigawatts to gigabytes: What would you do with an improved energy forecast?

Utilities can save as much as $10 million a year for every one percent improvement in forecast accuracy by optimizing asset utilization and trading strategies. Changing energy markets and an influx of data from the smart grid are providing more opportunities to reap value from energy forecasting. Improving energy forecasts

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Internet of Things

Ian JonesJuly 14, 2016 0

Turning your data historian into a futurist

Under-utilized technology creates a drag on an organization. The ability to get more out of the tools you already use can increase the value of an existing investment, and that value grows as processes become more efficient and decisions are based on firmer foundations. Consider the facilities engineer at an

English

Advanced Analytics | Analytics

Mike GillilandOctober 13, 2015 0

Probabilistic load forecasting competition

So you think you know how to forecast? Now is your chance to prove it, by participating in a probabilistic load forecasting competition run by my friend (and former SAS colleague), Dr. Tao Hong. Currently a professor at UNC Charlotte and director of the Big Data Energy Analytics Laboratory (BigDEAL),

English

Customer Intelligence

Matt MasonSeptember 18, 2014 0

How does big data power your electricity?

The energy & utilities industry as a whole has experienced a seismic shift over the past five years due to rising costs and price pressures, and has become a priority discussion on the political and media agenda. Falling demand overall combined with “peakier” peaks is making supply, forecasting and public

Alyssa FarrellJune 12, 2013 0

Power it on: The smart grid is ready!

"Big data" is a big deal for electric utilities. In a smart power grid, when you turn on the lights, you're generating data. When your neighbor plugs in his electric vehicle, he's generating data. When a heat wave causes retailers to crank up the air conditioning, they're generating data. All

Blogs

Blogs

Tag: energy forecasting