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“FICO’s optimization technology helped us solve one of the most difficult problems in the wind industry. The result is a giant leap forward in protecting the environment with sustainable energy solutions.”
- Klaus Vogstad, Creator of WindFarmDesigns
Reduce nonproductive time, increase margins and return on assets, and free up capital for investment.
Digital transformation in the energy industry is changing project economics and opening up new opportunities to deliver more value to customers. From optimizing wind turbine locations or refinery schedules to telling consumers and businesses how to save money by discharging solar batteries at the best time, optimization rapidly identifies the best decisions among millions of possibilities.
As part of this move to Industry 4.0, FICO decision management solutions are accelerating the already strong trend toward wider use of optimization across energy operations. Putting the power of data science in the hands of more business users, we’re making it easy for even nontechnical stakeholders to understand and act on analytic insights from massive amounts of data streaming in from IoT sensors, machines and mobile worker devices. We help your people see clearly through complex nested processes and across supply chains to spot cost-saving opportunities, risks needing proactive attention and opportunities for performance improvement. And our solutions also reduce the time and money to develop and deploy analytics-driven applications by up to 80%.
Know what to do to maximize ROA, margin and profit.
Optimization can help you select the best strategies for meeting asset utilization goals, maintenance requirements, environmental constraints and profit targets amid uncertainties in demand and availability. One company used it to plan wind farm layouts that maximize energy yield and profitability while meeting load compliance regulations — getting the answer in 10% of the time it would otherwise take.
Streamline the flow of raw materials and components across all stages of your processes.
Optimization and other advanced analytics can help you improve raw material procurement and component transfers between facilities. When supply disruptions occur, they help you adjust production schedules to still meet service-level agreements.
Increase production agility and control under changing conditions.
Analytics-driven decision automation is enabling energy innovators to create a new, more flexible generation of advanced process controls. It’s being used, for instance, to balance quality and cost objectives in fuel and chemical blending while accounting for volatility in raw materials price. Plant-level decision makers are able to make more informed choices and use visualization and simulation to quickly explore and balance tradeoffs.
Reduce downtime through predictive asset maintenance.
Decision rules add intelligence to diagnostics systems, reducing time-to-identification of the root causes of production problems. Machine learning and predictive analytics identify machines that are outliers in terms of expected ranges of production, speed or energy consumption—triggering maintenance intervention before failures occur.
Improve access to reliable energy while reducing costs.
Optimization and other advanced analytics can help you improve delivery of energy to utilities and the households and businesses that depend on them. Use them to identify and make best use of spare capacity. Balance a broader range of factors, like wholesale power capacity, system reliability and environmental constraints, that impact your delivery strategies.
Time: 9-11am & 1-3pm EST on both days
Are you an operations research or data scientist role and want to become an expert in FICO Xpress Optimization and Xpress Insight? Register for this upcoming web-based training session and receive two days of classroom-style, hands-on instruction from FICO experts.
We want to help you future proof the next step in your organization’s journey by sharing the lessons FICO experts have learned about building resiliency during tumultuous times. Register below to gain access to our virtual event series.
From April 20 through May 28, FICO will host a series of live webinars sharing best practices and strategies for resiliency in your organization. The topics fall within six tracks including adaptability, digital customer engagement, risk management, operational efficiency, building trust and protecting customers.
FICO’s long-running Platinum Sponsorship of INFORMS events continues with the 2020 Business Analytics Conference. Please visit us in the exhibit hall at Booth 49-50 to talk with our subject matter experts about our latest innovations across the FICO® Xpress Optimization suite, including Xpress Mosel, Xpress Workbench, Xpress Solver and Xpress Insight. Find out how our Xpress solutions help you read data in any format from any source, integrate with your own machine learning and solvers (or Xpress Solver), enable collaboration with business users, deploy decision support or automated solutions in the cloud or on premises —and does it all in 75% less time.
Ever wonder how WindFarmDesigns can reduce C02 emissions by over 20 million metric tons per year?
SolarCity uses FICO® Xpress Optimization Suite to optimize distributed energy applications.
Solving your biggest and most complex business problems.
FICO Optimization Community
Realize the promise of advanced analytics and decision management.
FICO Decision Technology Community
A high-performance execution platform to power and connect every decision.
FICO DMP Community
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