Greentech Lead India: SAS, a provider of business analytics services and solutions, announced the availability of SAS Energy Forecasting to help utilities operate more efficiently by capitalizing on new interval data from smart meters.
SAS Energy Forecasting supports multiple planning horizons – from the next hour to the next 50 years.
Faced with volatile wholesale energy markets and increasingly complex asset portfolios, utilities need robust load forecasting to improve planning and operations while ensuring that lights come on when customers flip the switch.
Without analytics, the increasing volume and variety of data can easily overwhelm traditional forecasting systems and processes. In India, SAS has been closely working with various organizations in the utilities segment which includes the likes of Reliance Energy and BSES, amongst many others.
“SAS Energy Forecasting is an all-in-one solution that improves overall process performance through the inclusion of data management, forecasting and reporting. This will surely help minimize the challenge of power cuts, as load can now be managed efficiently,” said Sudipta K. Sen, regional director – South East Asia, CEO & Managing Director – SAS Institute (India).
The solution comes with utility-specific forecasting models and a comprehensive forecasting toolset for further refinement or custom configuration. Data mining and other analytical methods produce forecasts that more accurately reflect business realities and better guide decision makers ranging from load forecasters to senior executives.
SAS has been ranked No. 1 for smart grid analytics by recently released utility industry report by GTM Research titled, ‘The Soft Grid 2013-2020: Big Data & Utility Analytics for the Smart Grid’.