Navigant and TROVE Team to Bring the Breakthrough Benefits of Predictive Data Science to Utilities
April 10 2017 - 5:15AM
Navigant (NYSE:NCI) and TROVE today announced a strategic alliance
that will help utilities harness the combined power of predictive
data science and an analytics platform to make their data more
useful, dramatically improving load forecasting, grid performance,
and customer adoption of new products and services.
“This alliance brings together Navigant’s deep industry and
process expertise, our modeling capabilities, and our global
consulting footprint with TROVE’s world class data science
capabilities and their newly launched TROVE Platform,” said Jan
Vrins, leader of Navigant’s Energy practice, which has over 600
energy consultants globally. “TROVE’s Platform delivers the open
architecture, scale, and data-science acumen needed to transform a
utility’s latent data arsenal into a game-changing strategic asset.
For example, TROVE’s premise-level forecasting precision combined
with Navigant’s demand forecasting and econometric modeling
provides utilities a new playbook for meeting demand that
effectively integrates distributed energy resources.”
“TROVE is a leader in data science and analytics for utilities,
and the TROVE platform is one of the most powerful, open platforms
we see available in the market today,” said Jeff Richman, director
at Navigant. “We are passionate about providing predictive data
solutions to our customers. Our solutions are focused on the most
critical issues facing utilities today and, through our alliance
with TROVE, they are fully coordinated with tomorrow’s predictive
analytics opportunities and requirements.”
The volume of data utilities must manage continues to rise –
consider the ramification of moving to 35,000 meter reads per year
for a typical smart-meter customer – and energy resources are
growing increasingly variable and distributed. Data analytics and
predictive data science hold the key to managing the grid and
engaging with customers more intelligently. Partnering on this
opportunity, Navigant and TROVE are taking the lead in developing
solutions that:
- Identify smart meter value beyond traditional cost savings
metrics;
- Improve operational efficiency, customer service, and
profitability;
- Understand and engage customers to drive adoption of new
products and services; and
- Better forecast demand, addressing the variability of
distributed energy resources and programs, such as distributed
solar, electric vehicles, battery storage, energy efficiency, and
demand response.
“We are on the cusp of a data-led transformation in the utility
industry fueled by the precision of predictive data science and the
exponential processing power of open platform computing,” said Ted
Schultz, CEO of TROVE. “Through this alliance with Navigant we have
access to a team with the largest proven strategic, operational,
and technical energy consulting experience in the industry. We see
tremendous opportunities for utilities to balance supply and demand
more precisely, delivering higher service levels and customer
satisfaction, while doing so at less cost. Together with Navigant,
we will provide clients a new blueprint for turning data into more
agile networks and more engaged customers.”
About NavigantNavigant Consulting, Inc.
(NYSE:NCI) is a specialized, global professional services firm that
helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build,
manage, and/or protect their business interests. With a focus on
markets and clients facing transformational change and significant
regulatory or legal pressures, the firm primarily serves clients in
the healthcare, energy, and financial services industries. Across a
range of advisory, consulting, outsourcing, and
technology/analytics services, Navigant’s practitioners bring sharp
insight that pinpoints opportunities and delivers powerful results.
More information about Navigant can be found at navigant.com
About TROVETROVE Predictive Data Science, Inc.
is an innovator in predictive data-science technology. The
breakthrough TROVE Platform, which combines the best in
scalability, open-source technology, data fusion, advanced data
modeling, and consumer data, as well as data-science expertise and
teamwork, makes data useful for the utility, smart-home, and other
data-intensive industries. The company is headquartered in Buffalo,
NY with an office in Silicon Valley. For more information, please
see www.trovedata.com.
For more information contact:
Lindsay Funicello-Paul, Navigant
781.270.8456; or
Dan Mees, Holland-Mark for TROVE
dmees@holland-mark.com
978.409.2438
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