Data science in the energy industry
Increased sustainability, higher availability of technical components or a more targeted customer approach: data is a key component in achieving these and many other goals in the energy industry. As data science specialists, we have been supporting companies in the energy industry for over 10 years now, using AI and machine learning to make optimum use of their ever-growing data stock.
A selection of questions we have answered in our projects in the energy sector:
How can grid loss during electricity transmission be predicted?
Combination of different analysis methods for the reliable forecast of the grid loss to be expected the next day during the transport of renewable energies. Creation of a better planning basis for the more cost-effective purchase of electricity on the electricity exchange.
How can the development of electricity prices be forecast?
By determining correlations between historical electricity price developments and news reports from the Thomson Reuters information service. This makes it possible to predict the effects of future news reports on the electricity price.
How can the expected electricity demand be forecast?
The energy turnaround requires the number of decentralized generation plants - the volatility of the energy fed into the grid is increasing. The data available through the smart meter rollout is the basis for forecasting future electricity demand with data science.
How can maintenance processes be controlled more closely to requirements?
By implementing a predictive maintenance approach. The generated data of the existing measurement technology provides information about the actual wear and tear and the remaining service life of components. Maintenance measures at external sites could be reduced to a minimum.
How can more suitable offers be developed for customers?
Linking all relevant information about the customers, such as their historical consumption data, in order to be able to use this knowledge to design attractive individual offers. In this way, customer churn could also be reduced.
How can a consistent data pipeline be built?
A multitude of data silos in distributed IT systems increases complexity and drastically reduces the amount of data available. By implementing high-performance ETL processes, the data silos could be broken down and the foundation for tapping the existing data potential could be laid.
Data-Driven Software:
YUNA – Data Science Platform
YUNA is the central platform for the realization of smart and ai-supported energy services. It combines BI functions with the possibility to use various models and scripts.
Case Study:
Precise forecasting models – 50Hertz
While the electricity is being transported, physical losses occur. These grid losses must be compensated by purchasing the predicted loss quantity via an electricity exchange.
Learn more about our solution
Data Science Infrastructure:
On Premise, Cloud or Hybrid
Design, implementation and support! We are the provider of resilient and reliable data-driven services. We also make your infrastructure ready for the digital challenges of the future!
Data Projects:
From the idea to productive service!
Which use cases are particularly purposeful for you? How can knowledge creation succeed in your company? From the solution idea to the productive use of AI systems in your company: We create perceptible added value for you from data.