SAS® Visual Analytics helping energy companies transform big data, power better decisions
CARY, NC (Sep. 23, 2013) – In a smart power grid, when you turn on the lights, turn up the air conditioning or plug in an electric vehicle, it generates data. In the digital oilfield, new sensor technology provides data on drilling or production in near-real time. As the push for smarter infrastructure puts pressure on energy professionals to innovate their business models, they look for insights in all that operational and customer data.
Energy leaders worldwide rely on SAS® Visual Analytics to explore data to uncover hidden opportunities. SAS Visual Analytics software helps Essent Belgium NV and OMV Solutions GmbH in Austria analyze consumption trends, identify demand patterns, target customer segments, and proactively manage asset performance. Utilities and oil and gas companies in the US, South Africa, Portugal, Italy, New Zealand, and China also selected SAS Visual Analytics to help them analyze smart grid data, and enhance sensor data and customer behavior data so they can uncover opportunities for improvement and make precise decisions. This SAS YouTube video channel highlights ways energy analytics can speed answers from big data.
Making big data pay off
"In this era of big data, energy companies are expected to understand their customers better and use resources more wisely," said Professor Tao Hong, Associate of the Energy Production & Infrastructure Center at the University of North Carolina at Charlotte. "Achieving this goal requires advanced analytics, including forecasting and optimization, as well as integrated data management. SAS Visual Analytics speeds those tasks that used to take days. Now, it's done in minutes or even seconds - paving the way for entirely different business models."
"With SAS Visual Analytics, users can explore big data, discover new patterns, and easily share insights with others in the organization," said Alyssa Farrell, Energy Product Marketing Manager at SAS. "Whether preparing for a storm or aggregating risk across commodities, SAS delivers clear, compelling visuals that make complex decisions simpler."
SAS works with more than 500 energy customers worldwide, including 160 investor-owned utilities in North America. The Fast and Furious white paper describes ways IT teams guide users to run their own queries, perform analyses, get quick answers to their questions and create their own reports. To see how advanced data visualization can make sense of all kinds of data, demo SAS Visual Analytics: sas.com/software/visual-analytics/overview.html.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 65,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world
The Power to Know®
Across the smart grid, utilities draw insights from SAS Visual Analytics to make faster and more precise data-driven decisions.