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Smooth sailing for energy retail and distribution companies in a time of greatest uncertainty.
As prices for energy sources rise, national policies are starting to increasingly protect consumers. Energy retailers and distributors are usually to draw the shortest straw:
And with market demand and prices changing by the hour, most have come to realize that the ability to adjust plans and forecasts in real time has become a necessity.
It's now more than ever that energy retailers and distributors need to know how to use data to their own advantage. Fragmented reports from across different departments are a thing of the past because they are costly and take too much time and effort. And with prices, regulations, and demand changing from one second to the next, they - perhaps more than anyone else - need their insights on the fly.
Distributors are juggling between reducing operating costs, such as new investments in digitalization, green energy projects to reduce carbon emissions, building infrastructure to meet the growing demand for e-mobility, maintaining existing distribution networks and new distribution networks to meet electricity demand, increased grid security needs, etc.
Energy trading companies are hit by regulating energy prices, forcing them to cut costs to reduce losses as they are not allowed to sell energy based on market prices.
Solution built on finest IBM technology that covers all aspects of performance management
Built on top of IBM Planning Analytics, planErgy 5.16 covers all operational business areas of any company in energy industry and speeds up the process of planning throughout the organization.
It supports easily scalable models and flexible deployment for any organization in energy industry, AI-infused planning values based on a different prediction model, collaboration across the whole organization, reporting, dashboards and organized planning process.
Planning Analytics empowers users with forecasting skills.
The solution covers different types of scenarios based on a customer planning approach. Owners of the planning process are able to define a number of planning cycles depending on business needs.
Our approach allows automatic or semi-automatic connectivity and dataflow between different business areas. Changes made in one module will automatically transfer data and recalculate KPIs throughout the whole solution.
Because of a consistent data flow between all areas, users are able to instantly see and report changes, threats and opportunities at any level of an organization.
Reporting on top of planning a solution can be set in three different ways:
All three interfaces allow us to use an existing model as a source for a dashboards and ad-hoc reporting. We support standard and mobile/tablet dashboards.
Proud of the multiple awards we received from our strategic partner, such as “Best Teaming IBM Business Analytics Partner in CEE”, “IBM Business Analytics Excellence Award” and “Best Performing IBM Business Partner”.
Our solutions connect all aspects of planning and integrate reporting and predictive analytics into the planning process. Our methodology delivers faster results and minimizes risk.
In every crisis, the same phrase keeps popping up: “This event could not have been predicted because it is unique.” Perhaps such an event is truly unique and perhaps unpredictable, but the question is whether there is a way to respond to such an event properly and quickly.
How to plan your future?
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A major liquor and wine retailer in the UK that lost 60 percent of its market value – £500 million – in a matter of weeks, due in part to an “arithmetic error” in a spreadsheet. The Times commented, “Not for the first time, human error in spreadsheets has led to disaster.”
The solution is really within everyone’s reach.
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