EDP Renewables (EDPR) is the 3rd largest renewable energy company in the United States, is leveraging technology to harness the power of big data, with efforts resulting in more than $200 million in ROI in the first 24 months of implementation.
Until recently, EDPR — the owner of 29 wind farms — was struggling to integrate external and internal data that it collected [weather patterns, energy grid information, turbine performance] within its systems.
That’s when the company turned to Appian, a platform for custom software development, to create the COBRA (COllaBoRAtion) system, a company-wide initiative that enables:
Prioritization: Analyzes real-time data for issues encountered in order to determine an issue’s ability to affect the company’s bottom line, thus enabling transparent decision making about resource allocation.
Geographic Dispersion & Department Specialization: Allows collaboration and assigns internal resources for wind turbine issues, allowing departments to weigh in on the ramifications (technical, engineering, wind resource assessment, environmental, safety, procurement, legal, regulatory, and others) of problems, as well as potential solutions.
Knowledge Retention and Learning: Centralizes information generated, creating a constantly-expanding knowledge base of solutions for future problems, ensuring rapid problem solving.
EDPR is just one example of how custom-built, enterprise technology solutions are enabling organizations to harness the power of big data, thus streamlining business processes, increasing business value and better serving customers.
In EDP’s case, the company enhanced it ability to strategically distribute wind energy across Europe, North America, and South America.
See here for recent EDPR case study.