Imply
Case Studies
AI-Driven Analytics Revolutionizing the Power Industry: A Case Study on Innowatts
Overview
AI-Driven Analytics Revolutionizing the Power Industry: A Case Study on InnowattsImply |
Other - Battery Platform as a Service (PaaS) - Application Development Platforms | |
Electrical Grids Utilities | |
Product Research & Development | |
Microgrid Time Sensitive Networking | |
Operational Impact
The use of Apache Druid has expanded far beyond its intended use case at Innowatts, leading to expanded insights that clients gain through the SaaS platform. The ability to quickly work with massive data sets and forecast usage on the fly has differentiated Innowatts' platform. The company has been able to provide BI innovation and sub-second querying to its clients, especially during the COVID-19 pandemic when there was a shift in electricity consumption from commercial to the residential side. Customers have expressed satisfaction with the speed of Innowatts' front end, which is driven by sub-second query response times in Druid. The company has built an industry-leading SaaS platform for the energy sector. | |
Quantitative Benefit
Innowatts helped its customers see a 40% improvement in forecast accuracy within 3 months. | |
Enhanced customer lifetime value by $3,000 per customer. | |
Avoided $4 million in Opex costs. | |