Bidgely Insights Engine Brings Augmented Business Intelligence to Utilities
Bidgely is helping usher in the trend of augmented business intelligence for utilities with its Insights Engine, which uses artificial intelligence (AI) and machine learning to transform how utilities and energy retailers generate analytics insights. Identified as a 2019 top technology trend with disruptive potential by Gartner, Inc., augmented business intelligence makes data insights more broadly available across organizations, including decision makers and operational workers. With the Insights Engine leveraged across a utility, the combined insights derived from applying AI to customer data enables multiple stakeholders to directly address challenges around four key areas: demand-side management (DSM), electric vehicles (EVs), solar PV and load research.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190430005152/en/
With the Insights Engine leveraged across a utility, the combined insights derived from applying AI to customer data enables multiple stakeholders to directly address challenges around four key areas: demand-side management (DSM), electric vehicles (EVs), solar PV and load research. (Graphic: Business Wire)
“The artificial intelligence fabric woven through all of our solutions understands what is plugged into the grid at home and how it operates, be it an EV, a solar plus energy storage system or a washing machine. These insights create an elevated level of business intelligence that permeates throughout the utility. It enables customer segmentation techniques that tech giants like Netflix implement to tailor the right personalized message to the right customer; it creates new opportunities for program cost reduction; and it introduces truly intelligent grid management,” said Bidgely Head of Global Sales Prateek Chakravarty.
According to a Wood Mackenzie report, there are nearly 30 million distributed generation and grid-connected devices installed in homes across the United States alone, with millions more globally anticipated by 2023. As utilities begin to take a more integrated approach to DSM, the Insights Engine patented disaggregation technology eases the ability to flexibly manage these new resources. Four new Insights Engine modules were created to directly address utility pain points in the following areas:
- EV Module: for detection and analysis of EV charging in the home, utilities can use the information to design rate plans that encourage off peak charging and proactively offer EV Time of Use (TOU) rates to customers with EVs.
- DSM Module: for understanding the efficiency of appliances in the home, utilities can pinpoint homes with the highest potential savings and target DSM campaigns to those specific customers, generating savings of 25 percent in program budget spend.
- PV Module: for detection of solar PV plus consumption monitoring in the home, utilities can analyze residential solar customers in their territory to understand the effects of distributed generation for improved distribution planning.
- Load Research Module : for identifying trends, outliers and constraints that may affect short and long term planning, utilities can analyze the individual home energy profiles for all customers across all contributing appliance categories.
For more information about the Bidgely Insights Engine, visit: https://www.bidgely.com/solutions/insights-engine/.
As the industry's first enterprise energy analytics and customer engagement platform provider, Bidgely's utility artificial intelligence (AI) solutions transform utility meter data into business intelligence for optimizing shareholder value, personalizing the customer experience and modernizing the grid. Bidgely's mission to be a trusted AI partner helps utilities solve daily challenges related to home energy management, customer satisfaction, operational efficiency and new revenue models. With roots in Silicon Valley, the company has raised over $50M in funding, retains 30+ data scientists and brings a passion for AI to utilities serving residential customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Mary Kay Inc. Continues Its Support of Beauty, Fashion, and Design in Events Held Across Asia, Europe and the U.S.8.7.2020 00:10:00 CEST | Press release
Mary Kay Inc. and its Mary Kay Global Design Studio, recently sponsored and participated in various beauty, fashion and design events around the world with the aim of promoting the art of individual and unique beauty—and beauty artists themselves—setting the stage for the upcoming trends for the season. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200707005913/en/ Mary Kay beauty experts were on hand to tailor looks before the 27th Czech Lion Awards Show (Photo: Mary Kay) Glamhive Live & Glamhive Digital Summer Bazaar Mary Kay was the presenting sponsor for the inaugural Glamhive Live Digital Summit on May 9. Glamhive, a startup digital fashion company founded by celebrity stylist Stephanie Sprangers, allows users to receive straight-forward virtual advice from expert stylists around the world. Glamhive stylists include Tara Swennen, Ilaria Urbinati, Nicole Chavez, Jeanne Yang, Samantha McMillen, Sonia Young, Micah Schifma
FDA Authorizes Marketing of IQOS as a Modified Risk Tobacco Product7.7.2020 20:47:00 CEST | Press release
Regulatory News: The U.S. Food and Drug Administration (FDA) today authorized the marketing of IQOS, Philip Morris International’s (PMI) electrically heated tobacco system, as a modified risk tobacco product (MRTP). In doing so, the agency found that an IQOS exposure modification order is appropriate to promote the public health. - Today’s decision demonstrates that IQOS is a fundamentally different tobacco product and a better choice for adults who would otherwise continue smoking - IQOS is the first and only electronic nicotine product to be granted marketing orders through the FDA’s MRTP process - The FDA authorized the marketing of IQOS with the following information: - The IQOS System heats tobacco but does not burn it - This significantly reduces the production of harmful and potentially harmful chemicals - Scientific studies have shown that switching completely from conventional cigarettes to the IQOS system reduces your body’s exposure to harmful or potentially harmful chemical
Interactive Brokers Group to Host Second Quarter Earnings Conference Call7.7.2020 15:00:00 CEST | Press release
Interactive Brokers Group, Inc. (Nasdaq: IBKR) plans to announce its second quarter financial results on Tuesday, July 21, 2020, in a release that will be issued at approximately 4:00 pm (ET). The press release will also be available on the company's website, www.interactivebrokers.com/ir. A conference call to discuss the company's results will be held at 4:30 pm (ET) on that day, July 21. Members of the public who would like to listen to the conference call should dial 877-324-1965 (U.S. domestic) or 631-291-4512 (international). The number should be dialed approximately ten minutes prior to the start of the conference call. The conference call will also be accessible as an audio webcast through the Investor Relations section of the Interactive Brokers website, www.interactivebrokers.com/ir. About Interactive Brokers Group, Inc.: Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 1
Virtual Esri User Conference to Explore How GIS Interconnects the World7.7.2020 14:41:00 CEST | Press release
Esri, the global leader in location intelligence, today announced that the 40th annual Esri User Conference will be the largest virtual gathering of GIS professionals. Normally held in San Diego, California, the conference will be presented in a completely virtual format and take place July 13–16, 2020. The Esri User Conference brings together technology innovators, executives, educators, scientists, and GIS users seeking to solve challenges in their organizations and throughout the world, using the most powerful mapping and analytics platform on the planet. This year's conference theme, GIS—Interconnecting Our World, explores how geospatial technology can integrate everything and engage everyone to overcome unprecedented global challenges. Esri founder and president Jack Dangermond will open the conference—which this year will see the Plenary Session span across three days—with his observations on how GIS, the world's nervous system, has never been more interconnected than it is today
Shippeo Extends Paperless Transportation and Advanced Pallet Scanning Capabilities to Its Real-Time Visibility Platform7.7.2020 14:18:00 CEST | Press release
Shippeo, the European leader in real-time transportation visibility solutions, has announced a new mobile application, offering a range of new capabilities. Shippeo’s mobile application allows truck drivers to manage electronic Bill of Lading via smartphone quickly and easily, unlocking the benefits of paperless administration. These include instant synchronisation with TMS for faster billing while also reducing administrative cost. In addition, electronic forms avoid paper handling, reducing hygiene concerns amid the Covid-19 pandemic. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200707005487/en/ Shippeo mobile application (Photo: Shippeo) The new Shippeo mobile application features include: Paperless proof of delivery for last mile The mobile app integrates the generation of electronic Bills of Lading (or eCMRs) capturing electronic signatures and enabling paperless proof of delivery and fasting invoicing. Delivery perso
Cybin Corp. and IntelGenx Corp. Enter Into Feasibility Agreement for Fast-Acting, Orally-Dissolving Psilocybin Film7.7.2020 14:00:00 CEST | Press release
Cybin Corp. (“Cybin” or the “Company”), Canada's premier mushroom life sciences company focused on advancing psychedelic and nutraceutical-based products derived from fungi, is pleased to announce that it has entered into a feasibility agreement with IntelGenx Corp. (OTCQB:IGXT; TSX-V:IGX) (“IntelGenx”) for the development of an orally-dissolving film for the delivery of pharmaceutical-grade psilocybin, subject to receipt of all necessary regulatory approvals. “We at Cybin are proud to be working with IntelGenx to develop a fast-acting psilocybin film,” said Cybin’s Chief Medical Officer, Dr. Jukka Karjalainen. “Compared to oral psilocybin capsules, which are subject to variable intestinal absorption and high first-pass metabolism in the liver, the systemic bioavailability of orally-dissolving psilocybin film is expected to be quite high. In addition, the dose of psilocybin administered by an orally-dissolving film is expected to be a fraction of what is required in oral capsules. Take