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Analytics & Optimization for Utilities

Analytics & Optimization for Utilities

Deliver better service while making operations more efficient and profitable.

“FICO's optimization technology is clearly next-generation and their expertise and proactive engagement have gone a long way in making this project successful."

- Rishi Amrit, Process Control Engineer at Shell

Solution Details

Increase operational flexibility while reducing cost and waste, freeing up capital for investment in innovative new services.

Predictive analytics, optimization and other advanced analytics help you determine the least-cost means of meeting energy demand while addressing customer preferences, complying with environmental regulations, and balancing generation capacity, transmission constraints and plant-specific operational conditions.

FICO decision management solutions rapidly pull insights from a blend of diverse data sources, including the IoT, third-party services, and customer profiles and interactions. They mathematically pinpoint the best decisions from large numbers of potential choices — increasing your organizational agility by putting the power of decision science in the hands of business users.

Use Cases

timeline

Business Strategy

Balance the myriad factors impacting your operational effectiveness.

Business Strategy

Using advanced analytics, such as machine learning, optimization and explainable AI, you can analyze a wider range of data to generate more insights for strategic planning. One utility is encompassing a wide range of factors into its business strategy optimizations — wholesale power, system reliability, environmental impact, fuel choice, capacity expansion and all key operational elements of generators on the power grid. Far from “black box” outputs, recommendations made by advanced analytics are easy for stakeholders to understand and operations research teams to work with. Using simulation, they interactively explore tradeoffs between various factors as they adjust KPI targets, and compare performance under simulated scenarios of economic and market conditions.

  • Streaming data analytic platform
  • Business rules management system
  • Machine learning and explainable AI
  • Workforce scheduling
  • Scheduling optimization
  • Transmission analyses
  • Spend and supplier mix analyses
FICO Xpress Optimization & Xpress Insight Virtual Training Event
Event
April 8, 2020 – 600 Lexington Avenue New York, NY 10022, United States

FICO Xpress Optimization & Xpress Insight Virtual Training Event

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.

Join Us
FICO Xpress Optimization and Xpress Insight Virtual Training Event
Event
April 8, 2020

FICO Xpress Optimization and Xpress Insight Virtual Training Event

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.

Join Us
Building Resiliency – Adapting to the Challenges of Today | April 20 - May 28, 2020
Virtual Event
April 20, 2020

Building Resiliency – Adapting to the Challenges of Today | April 20 - May 28, 2020

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.

Join Us
INFORMS Business Analytics Conference | April 26-28, 2020
Event
April 26, 2020 – Denver, CO , United States

INFORMS Business Analytics Conference | April 26-28, 2020

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.

Join Us
Shell
FICO® Xpress Optimization

Shell

FICO Optimization Software to Evolve Plant Processing at Shell.

Case Study