August 24, 2016 | Written by: Whitney Magnuson
Categorized: Cognitive computing
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The heat is on—and for many people throughout the world, keeping the air-conditioning running is critically important this time of year. IBM cognitive analytics is playing an expanding role in keeping utilities running—and providing customers with power, even during high-demand periods of electricity use.
Global energy demand is set to grow 37 percent by 2040. As energy companies ramp up to meet this demand, they will need to integrate new sources of energy, accurately predict supply and demand, understand how assets are performing and avoid costly downtime.
Applying smarter forecasting to help advance solar
Meeting today’s challenges also require organizations to evolve their IT infrastructure for cognitive analytics and real-time response. In the UK, the government agency Met Office has transformed its data center with IBM LinuxONE servers for reliable weather forecasting available 24 hours a day, 7 days a week, 365 days a year. IBM LinuxONE delivers high performance and reliability for advanced applications such as real-time analytics.
Using analytics to stay out of the dark
Also helping to keep the lights on and the air-conditioning running is IBM Analytics for Industry. These industry solutions are designed to deliver transformative insights to business decision-makers.
For example, suppose the vice president of transmission and distribution at a major power supplier anticipates added pressure on the company’s operations because of a big upcoming sports event. The VP wants to get ahead of any other factors to prevent outages and keep equipment at peak performance. Using older systems to collect information can be cumbersome. Instead, the power supplier can use IBM Analytics for Industry solutions to foresee operational problems and recommend actions to take care of those problems before they occur.
Building relationships with the public
No matter how energy providers respond to tomorrow’s challenges, their success will depend on building strong customer relationships that can grow and thrive in the years ahead.
Energy and utility organizations that want to establish a foundation for building customer relationships can tap into the power of the IBM Predictive Customer Intelligence platform. It provides almost instant analytics to anticipate customer behavior and respond with the best way to address customer needs, thereby nurturing the customer and fostering customer loyalty.
Gaining cognitive insight into energy
The energy industry has many advanced ways to keep the power flowing, meet future demands and attract new customers—and they all start with IT infrastructure for the cognitive era.
Accelerate your insights with IT infrastructure that’s designed for performing complex analytics, capturing large volumes and varieties of data, and placing data and applications in the right place at the right time.
Does your IT infrastructure have what it takes to get you there? Find out with our IT Infrastructure Readiness Assessment now.
And click here to learn more about the future of energy, utilities and analytics.