CARY, N.C., and NEW YORK, June 7, 2004 — As the utility industry continues to adapt to pressures from regulatory, corporate compliance, market, and technology issues, the ability to harness information to optimize profitability is more daunting than ever. SAS, the leader in business intelligence, and Capgemini US LLC, one of the world’s largest providers of consulting, technology and outsourcing services, are launching Adaptive Forecasting, a breakthrough energy demand and revenue forecasting solution, at this year’s Edison Electric Institute Annual Meeting and Conference in Orlando.
The Adaptive Forecasting offering was generated from a 2003 benchmarking study by Capgemini. The study of 10 U.S. utilities shows that the ability to more accurately predict the volume of retail and wholesale demand along with more accurate revenue projections can help drive significant financial rewards to those who do it well. Improving corporate governance through these same functions also can significantly reduce risk. The study concludes that many utilities find it difficult or impossible to achieve these savings due to a lack of integration, flexibility, and functionality in their current demand and revenue forecasting systems.
“Our research indicates that there exists a general lack of integration between utility demand and revenue forecasting and corporate governance. Companies who truly desire to have world class forecasting capabilities can realize significant benefits to governance, shareholder value, and operating profits,” said Steve Bucalo, Americas leader for Energy, Utilities and Chemicals at Capgemini. “Our collaborative solution has the potential to deliver tremendous ROI from an integrated approach and world-class methodologies.”
“SAS’ leadership in software and services creates true enterprise intelligence across many industries. It’s this award winning intelligence which drives Adaptive Forecasting and provides transparent and complete access to forecasting activities to energy industry leaders,” said Don McDougall, vice president of the Customer Solutions and Alliances division at SAS. “Adaptive Forecasting provides great breadth and depth of modeling techniques and an unsurpassed level of forecasting accuracy, flexibility, and scalability in handling large volumes of data which previously hindered the energy industry.”
The Adaptive Forecasting solution enables generators and energy delivery businesses to reduce risks, increase profitability, and provide internal value in the areas of: corporate governance compliance; portfolio optimization and pricing strategies; sourcing optimization and energy procurement strategies; and energy balancing and customer acquisition and retention
Capgemini is one of the world’s largest providers of Consulting, Technology and Outsourcing services. The company helps businesses implement growth strategies and leverage technology. The organization employs approximately 55,000 people worldwide and reported 2003 global revenues of 5.7 billion euros. What makes Capgemini unique is the Collaborative Business Experience (CBE) that defines the way in which Capgemini works with its clients, employees and partners. It focuses on many of the intangibles that make the difference in achieving tangible results; a collaborative approach, knowledge sharing, shared goals and simpler, more effective processes. The Collaborative Business experience is at the very heart of Capgemini’s approach to delivering joint projects with clients worldwide enabling them to achieve measurably faster, better, more sustainable results. To find out more about Capgemini and the CBE visit us at: http://www.capgemini.com/collaborative/
SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 40,000 sites — including 96 of the top 100 of the 2003 Fortune Global 500 — to develop more profitable relationships with customers and suppliers; to enable better, more accurate and informed decisions; and to drive organizations forward. SAS is the only vendor that completely integrates leading data warehousing, analytics and traditional BI applications to create intelligence from massive amounts of data. For nearly three decades, SAS has been giving customers around the world The Power to Know(R). Visit us at www.sas.com.