DATA | PREDICTION | INSIGHT.
The world's population is increasing day by day, this in turn, is increasing the demand of energy. The infrastructure has to be build in such a way, that it can promote efficient usage of the non renewable sources of energy.
As an analyst we provide solutions based on data interpretation and predictions to solve business queries, seek future opportunities and optimize resources.
We Use descriptive analysis for assessing customer data base to study the elements like family size, financial capacity, payment ability and history of non-payment of bills (if any) etc. The customer analysis helps in segmenting data according to energy requirement to customize supply of energy and payment schedules.
Every year the Energy and utility Industries bear huge loses because of non-payment of bills. To help the companies in preventing such losses we apply predictive analysis on customer analysis data. This helps in customizing the services, for example, dividing the payment bill in two halves or postponing the due date etc. In case of defaulters tactful collection strategies are planned which protect the company from bearing bad debts.
As an analyst we use various forecasting techniques to forecast demand of energy based on following aspects
The power plants run on heavy machineries and equipment. These machineries can smoothly run to produce energy only with the help of regular maintenance schedules.
To fulfil this need we use advanced analytical methods to calculate run out time of each equipment and machinery to draw maintenance schedule. The regular maintenance prevents monetary loses caused by accidents and breakdowns.
The risk associated with trading goes high in case of economic turbulence, changes in government regulation and financial instability. A poor risk management tarnishes company’s reputation and often results in heavy monetary losses and customer dissatisfaction.
Being an analyst we help our clients to avoid such situations by providing analytical solutions to study market trends to explore hidden trading opportunities and minimizing risk factors.
