Excellence in Analytics. Case study Demand Forecasting & Outage Management

Transcription

1 Excellence in Analytics Case study Demand Forecasting & Outage Management

2 Details on Requirement Client details Client requirement Name * A State Electricity Board in India Energy & Utilities Issue / problem faced Huge gaps in Load requirement Vs Power generation Industry India Highly accurate Demand forecasting model which can forecast the load requirement based on customized set of inputs Geographical presence Expected outcome Evaluate influences of various parameters/events using rich visualizations Size (Global Revenue) $ ~4Bn. Dashboards to enable planning of strategies for power purchase, expansion, policy making, outage management etc.

3 Details on Solution Details of product / service offered by supplier Scope of service / product Business unit impacted : Planning / Production / Purchase Geographical coverage : Corresponding state Area of application: Customer Experience / Improved Revenue / Cost & Operational Efficiencies / Risk Management Solution process / approach (As detailed as possible) Step 1: Integrate the various datasets Step 2: Data cleaning and restructuring for analysis Step 3: Identify parameters with high correlation factors Step 4: Parametric modelling based demand Prediction Step 5: Dashboards for Real time monitoring of key parameters Step 6: Customized dashboards with rich visualization for planning/decision making Highlight of Product / Service offered (in summary) Category of offering Demand Forecasting & Outage Management Descriptive / Predictive / Prescriptive

4 Solution overview Solution Dashboards Compare Demand between cities and also the running total within a range of dates Analyze the variation in demand with respect to weather parameters over different time period of day Analyze the variation in demand with rainfall and other weather parameters over a period of time

5 Solution overview Solution Dashboards Equation to predict/forecast load with respect to number of consumers is achieved Consumer type analysis helps in planning for expansions, infrastructure development and policy making localized to each consumer type Alarming events analysis helps in evaluating the power requirements for particular events and facilitates effective planning in future for similar events

6 Details on Business Impact Details on value delivered Core business impact (please detail) Continuous monitoring of key parameters facilitated in optimizing the generation and power purchase plans Accurate prediction has reduced the load shedding instances Increase in revenue owing to reduced cost towards power purchase A balance between investment & revenue is achieved Support business impact (please detail) Reduced load shedding instances leading to increase in customer satisfaction Efficient planning and decision making base on data for expansion or replacement Evaluation of power requirement for particular events /seasons for efficient planning Flexible planning and policy making for different customer types

7 Details on organization submitting the case Details on organization L&T Technology Services Ltd L&T Technology Services is a wholly owned subsidiary of Larsen & Toubro with focus in the engineering services space, partnering with many of the Fortune 500 companies globally. There Headquarter in India, with close to 9500 highly skilled staff, with 6 delivery centers and operations in more than 30 locations around the world. It offers design and development solutions across various industries such as Industrial Products, Medical Devices, Transportation, Telecom, Hi-tech and Process Industry. The company also offers solutions in the areas of Mechanical engineering Services, Embedded Systems Services, Product Lifecycle Management (PLM), Engineering Analytics, Power Electronics, M2M and the Internet of Things (IoT). For additional information about L&T Technology Services, log on to

8 Appendix Category of offering