Data: Making Energy & Utilities More Efficient
By James Hickman, Managing Director
South Africa Qlik Master Reseller
As rolling blackouts and continued load-shedding continue to plague South Africans, rumours of a permanent Eskom shutdown looms. Green energy, hydro-power and many alternative solutions have been put forward to solve the current energy crisis – but what if the solution lies in data?
Data in Energy and Utilities
- Maximise assets
- Optimise supply chain
- Reduce costs
- Improve supply-and-demand forecasts
- Track leading indicators to adjust operations to changing market conditions
- Control costs while maintaining health, safety and environmental standards
The Power of Data
According to Qlik, there are two key areas in which effective data analytics can make energy and utilities more efficient.
1. Oil and Gas
The complex Oil and Gas industry supply chain structures often present additional challenges, over and above volatile market conditions, limiting these organisations’ abilities to adapt, evolve and grow.
With Qlik, Oil and Gas organisations achieve the following:
- Gain holistic business visibility of key assets and supply chain
- Effectively reduce costs
- Maintain asset integrity in the field
- Balance scarce engineering resources
- Track health, safety and environmental incidents throughout the supply chain
- Supply Chain Management (SCM)
- Workforce Planning
- Asset Integrity Management (Maintenance, Repairs & Outages)
- Health, Safety and Environmental Incident Management
This global industry is impacted by low commodity prices after a period of boom. In South Africa in particular, demand far outstrips supply, and utilities providers are hard pressed to keep up.
For exploration and production organisations this places heavy pressure on costs. However, for refineries and electricity companies, this shouldlead to the opportunity to purchase at a lower cost – but this would demand passing cost savings on to customers. This is clearly not the case in South Africa.
What the country needs is energy trading teams that manage their whole supply chain effectively. Enter analytics: playing a key role for both the trading floor, and SCM.
Qlik’s solutions are being used effectively to meet four key goals in utilities:
- Increased revenue
- Improved operational excellence
- Improved governance (risk, compliance, etc.)
- Reduced costs
Within these areas, the solution empowers utilities providers to:
- Analyse monthly production figures and compare with fluctuating market prices
- Evaluating production forecasts and the corresponding budgets
- Get a birds-eye view of staffing costs and headcounts
- Instantly access a high-level/low-level/granular analysis of the supply chain
- Conduct scenario planning to investigate the viability of cost saving initiatives
- Analyse work orders, engineer locations and bottlenecks – and find solutions
- Evaluate the status of complex programmes of work
Whether in Oil and Gas, or Utilities, the ability to predict demand accurately, control costs and discover answers will lead to greater efficiencies. It’s time to improve business decisions about operations, suppliers, assets, risks and more to improve business performance and ensure supply meets demand. How? With Qlik.
Continuous Development, Continuous Innovation
“We are also beginning the process of adding advanced collaboration and insight management capabilities to our multi-cloud offering,” confirms Fisher. “Our innovation in AI has only begun, and we will continue to transform the way users interact with machine intelligence to discover insights in coming releases.”
For more details, contact South Africa Qlik Master Reseller.