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Analytics & Optimization for Utilities

Analytics & Optimization for Utilities

Deliver better service while making operations more efficient and profitable.

“FICO's optimization technology is clearly next-generation and their expertise and proactive engagement have gone a long way in making this project successful."

- Rishi Amrit, Process Control Engineer at Shell

Solution Details

Increase operational flexibility while reducing cost and waste, freeing up capital for investment in innovative new services.

Predictive analytics, optimization and other advanced analytics help you determine the least-cost means of meeting energy demand while addressing customer preferences, complying with environmental regulations, and balancing generation capacity, transmission constraints and plant-specific operational conditions.

FICO decision management solutions rapidly pull insights from a blend of diverse data sources, including the IoT, third-party services, and customer profiles and interactions. They mathematically pinpoint the best decisions from large numbers of potential choices — increasing your organizational agility by putting the power of decision science in the hands of business users.

Use Cases

timeline

Business Strategy

Balance the myriad factors impacting your operational effectiveness.

Business Strategy

Using advanced analytics, such as machine learning, optimization and explainable AI, you can analyze a wider range of data to generate more insights for strategic planning. One utility is encompassing a wide range of factors into its business strategy optimizations — wholesale power, system reliability, environmental impact, fuel choice, capacity expansion and all key operational elements of generators on the power grid. Far from “black box” outputs, recommendations made by advanced analytics are easy for stakeholders to understand and operations research teams to work with. Using simulation, they interactively explore tradeoffs between various factors as they adjust KPI targets, and compare performance under simulated scenarios of economic and market conditions.

  • Streaming data analytic platform
  • Business rules management system
  • Machine learning and explainable AI
  • Workforce scheduling
  • Scheduling optimization
  • Transmission analyses
  • Spend and supplier mix analyses
How Python Modelers Can Increase ROI and Business User Engagement with FICO Xpress Insight
November 2, 2020

How Python Modelers Can Increase ROI and Business User Engagement with FICO Xpress Insight

Time: 1pm EST / 10am PST

Python is one of the most popular modeling languages in the world, and yet more than half of the time, developers fail to deliver their advanced analytics to business end-users. The main barrier is the lack of a deployment platform that converts models into user-friendly applications. Instead of having to continue running these models yourself or relying on a patchwork of open-source platforms, we’d like to (re-)introduce you to an enterprise-ready solution that fully integrates with Python to convert your analytics into a useable, interactable form: FICO Xpress Insight.

Join Us
How to Drive Python Model ROI & User Engagement
November 12, 2020

How to Drive Python Model ROI & User Engagement

Time: 12pm EST / 9am PST

Python is one of the most popular modeling languages in the world, and yet more than half of the time, developers fail to deliver their advanced analytics to business end-users. The main barrier is the lack of a deployment platform that converts models into user-friendly applications. Instead of having to continue running these models yourself or relying on a patchwork of open-source platforms, we’d like to (re-)introduce you to an enterprise-ready solution that fully integrates with Python to convert your analytics into a useable, interactable form: FICO Xpress Insight.

Join Us
Shell

Shell

FICO Optimization Software to Evolve Plant Processing at Shell.

Case Study