Innowatts’ Machine Learning/Artificial Intelligence power analytics platform deciphers the ever-increasing information generated throughout the power worth chain into highly effective, actionable insights to optimize carbon and improve reliability and affordability
SAN ANTONIO, Oct. 20, 2022 /PRNewswire/ — Frost & Sullivan researched the power analytics business and, primarily based on its findings, acknowledges Innowatts with the 2022 North America Company of the Year Award. Innowatts’ software-as-a-service (SaaS) platform delivers high-quality and real-time actionable intelligence to allow its clients to handle price, improve reliability, enhance total profitability, and optimize carbon.
Innowatts integrates information from greater than 45 million meters (together with, distribution, renewable, storage, and EV belongings) together with era, value, climate, macroeconomic, third-party demographic, and buyer tariffs. Innowatts then produces actionable intelligence into power networks and client conduct.
Innowatts permits grid operators and power retailers to leverage real-time actionable insights to make well-informed data-based choices and drive superior grid upkeep. The outcomes: Clients report a 40% enhance in load forecasting accuracy whereas others have indicated up to a 20% discount in carbon footprint. It is this type of communication, rapport, and direct relationship that permits for power retailers and utilities that make use of Innowatts’ platform and market-changing know-how to notice a deeper understanding of their buyer’s conduct which leads to improved buyer engagement and constructive gross margins.
Rajalingam Chinnasamy, Industry Principal of Energy and Environment at Frost & Sullivan, noticed “Innowatts’ scalable, configurable, and secure SaaS platform leverages best-in-class AI [artificial intelligence] and machine learning capabilities to help energy providers unlock grid edge opportunities, enhance customer value, and accelerate their energy transition.”
“This designation from Frost and Sullivan is important to our team at Innowatts because it’s a reflection of the work we’ve put into making our clients more successful and that’s taken everyone buying in and we’ve done that,” stated Sid Sachdeva, CEO and Founder of Innowatts. “The beauty of an award like this underscores the Innowatts message that we are determined to navigate this ever-changing Energy Transition, we’re committed to promoting sustainability through every resource available and will continue to forecast the grid of the future with increased accuracy to ensure our clients have the best information in the industry.”
“Innowatts addresses customers’ needs with a strong leadership focus that incorporates customer-centric strategies and exemplifies best practice implementation. The company’s AI-enabled SaaS platform supplies high-quality and real-time data-driven insights to help power utilities and energy retailers become truly predictive, proactive, and connected with their end consumers,” added Chinnasamy. The firm stays a trusted and most popular companion, incomes a popularity for providing the general greatest worth within the power analytics business. With its sturdy total efficiency, Innowatts earns Frost & Sullivan’s 2022 North America Company of the Year Award.
Each yr, Frost & Sullivan presents a Company of the Year award to the group that demonstrates excellence in progress technique and implementation in its discipline. The award acknowledges a excessive diploma of innovation with merchandise and applied sciences and the ensuing management by way of buyer worth and market penetration.
Frost & Sullivan Best Practices awards acknowledge firms in numerous regional and world markets for demonstrating excellent achievement and superior efficiency in management, technological innovation, customer support, and strategic product growth. Industry analysts evaluate market contributors and measure efficiency by in-depth interviews, analyses, and intensive secondary analysis to determine greatest practices within the business.
About Frost & Sullivan
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Contact:
Lindsey Whitaker
P: 1.210.477.8457
E: [email protected]
About Innowatts
Innowatts is the main power SaaS platform that makes use of best-in-class synthetic intelligence to assist electrical energy suppliers unlock grid edge alternatives, enhance buyer worth, and speed up the power transition by leveraging insights from greater than 45 million meters globally. Outcomes allow customers to analyze a number of information units, gaining a greater understanding of their carbon footprint and depth for every website. The Innowatts platform delivers real-time, customer-centric power analytics with unprecedented accuracy. With purchasers and operations throughout the Americas, Europe, and Asia, Innowatts is a worldwide chief, enabling power suppliers to develop into really customer-focused and totally leverage the ability of knowledge to remodel their companies.
Contact:
Dhara Mistry
[email protected]
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