The Forecast BI platform registered in the Chinese power

In January, 2014. Announced "forecast" cooperation increase with the Chinese energy companies and signing of new contracts in this sphere. The first of them was concluded by China Southern Power Grid – one of two state electric grid companies of China which is engaged in construction, operation and transportation of the electric power in five southern provinces of the country.

The contract assumes delivery of Prognoz Platform and setup of an analysis system and demand forecasting and the offer to the electric power. Such system allows to make the cause and effect analysis of indicators of the market of power industry on the basis of the diverse data collected from a set of separate sources, and specially developed built-in models and to receive a demand forecast and offers on the electric power on its basis.

To the data warehouse of a system is going both directly industry information, and economic data and also these hydrometeorologies and hydrologies. Thanks to it it is possible to carry out quantitative and qualitative analysis of the factors influencing economic development of the region and also the factors influencing demand and supply on the electric power.

The Forecast BI platform is used in the largest energy companies of China

The company expects that possibilities of its platform in combination with functionality of a system considerably will simplify work of experts of China Southern Power Grid in the analysis of the factors influencing demand and supply in the industry market and will allow specialists to predict development of economy, performance and demand of energy resources.

The similar solution was earlier implemented at Institute of a research of power at the State electrical power corporation of China (State Grid Energy Research Institute), speak in Forecast. The new contract from subordinated this corporation structure - the Research institute of economy in the province Zhejiang State Grid Power and Economy Research Institute - became the second project which Forecast announced in January, 2014.

In this case development of an information and analytical system which will integrate economic these countries and the region and also data on activity of the State electrical power corporation in a common information space is supposed. On this basis macroeconomic and industry models for demand forecasting and the offer on the electric power will be created.