Value-verified analytics in action
OMNETRIC partnered with KELAG, a leading energy service provider in Austria and its distribution grid operator, KNG, which serves around 300,000 customers via a grid network covering over 7,000 transformers, 18,000km of power lines and 65,000 poles. The partnership, which commenced in 2016, required a joint team to analyze grid data from KNG and combine it with publicly available environmental data. Using the data intelligence generated, OMNETRIC developed different outage prediction statistical models for KELAG and these statistical models are integral to the OMNETRIC Planning and Outage Intelligence application.
In our opinion, while much has been said about analytics, the industry still has a great deal to do. In a 2017 utility industry survey from Accenture more than 90 percent of utilities executives interviewed said that it was important to buy or build advanced analytical and statistical tools and assure the availability of data scientists in the company. Yet, despite this enthusiasm, the same survey found that more than 60 percent saw the need for significant improvement with their data quality, as well as statistical analysis skills. With more than half of executives confirming the need for progress, executives continue to stall.
With our feet on the ground at global customer sites, we combine domain, data, business, and technology expertise with proven methods, models and frameworks to put utility data to work for a greener, stronger and more diverse energy system.