Frugal data science in electricity supply 

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Client

The client in this success story is a licensed electricity supplier in the UK. As the CEO of this company, the client was looking for ways to extract valuable insights from their data in order to help the firm weather market shocks.

Introduction

The client reached out to Tilix AI, a consulting firm specializing in artificial intelligence and data analytics, for help with extracting insights from their data. Tilix AI has a strong track record of helping clients in various industries make data-driven decisions, and the electricity supplier hoped that the firm could help them navigate the volatile market.

Challenge

The primary challenge for Tilix AI was to find a way to extract valuable insights from the client’s data that could help the company weather market shocks. The electricity market is notoriously volatile, and even small changes in demand or supply can have significant impacts on a company’s profitability.

In order to help the client navigate this volatile market, Tilix AI needed to find a way to quickly and accurately extract insights from the data. The company had a large amount of data, and it was important that the data analysis process be efficient and effective.

Action

To address this challenge, Tilix AI turned to Elasticsearch and Kibana, two powerful tools for data analysis. Elasticsearch is a search engine that allows users to quickly search through large amounts of data, while Kibana is a visualization tool that helps users see and understand their data in a more intuitive way.

Using Elasticsearch and Kibana, Tilix AI was able to quickly extract valuable insights from the client’s data. The company was able to identify trends and patterns that helped them better understand the market and make more informed decisions.

In addition to using these tools, Tilix AI also worked closely with the client to understand their specific needs and challenges. The firm spent time learning about the client’s business and the electricity market, and used this knowledge to tailor their analysis to the client’s needs.

Result

The result of Tilix AI’s efforts was that the client was able to extract valuable insights from their data that helped them navigate the volatile electricity market. Using the insights provided by Tilix AI, the client was able to make more informed decisions and weather market shocks more effectively.

Overall, the client was extremely satisfied with Tilix AI’s work. The company’s ability to quickly and accurately extract insights from the data helped the client better understand the market and make more informed decisions, ultimately leading to improved profitability.

In the end, the client was able to achieve their goal of using data to help weather market shocks and navigate the volatile electricity market. Tilix AI’s expertise in artificial intelligence and data analytics played a crucial role in this success, and the client was grateful for the firm’s help.

This article was updated on December 21, 2022

<p>Neil is an investor and advisor in energy, cleantech and mobility. He strongly believes that businesses have two (and only two) basic functions: MARKETING &amp; INNOVATION. He helps firms create and retain customers through his expertise in data science, digital engineering, enterprise architecture, partnership brokering, industry nous, research etc. His home turf is Edinburgh, London and Helsingborg.</p>