Solution Overview
Utility companies are currently gathering huge amount of measurements and meter data, which quality is often insufficient for key operations and processes support, like meter-to-bill process and invoicing. The key problem that Smartvee solves is significant improvement of quality of measurement data. There are following main reasons why the data might be of low quality: (i) The measurement data are often collected from different sources like manual readings or telemetry and are stored and processed in different IT systems. (ii) Data collection process is prone to errors (human in case of manual data or technical in case of telemetry). (iii) The validation and analysis of measurement data are done in manual way. It implies for utility company: (i) High cost of handling complaints for incorrectly invoiced consumption. (ii) Time-consuming detection of anomalies, including losses, outage and frauds. (iii) Difficult forecasting of demand and consumption. Smartvee focuses on power, heat, water and gas distribution as all of them face the same sort of problem with data quality assurance.
Smartvee value proposition is to resolve issue of measurement data quality by providing new way of measurement and meter data processing combined with state-of-the-art presentation of results, insights with reporting and visualization. The goal of our platform is to give the utility company: (i) Unified and correct measurement and consumption data thanks to schedule-based automated and efficient data processing in terms of VEE - optimized meter-to-bill process. (ii) Recommendation of operational actions to be taken basing on detected events thanks to rules and algorithms configuration - optimized anomalies detection process. (iii) Results and insights available anytime and anywhere thanks to whole data processing and access to the data and results in one consistent tool - optimized data analysis and forecasting process. We believe that Smartvee, can rapidly digitalize the most backward and manual processes of power distributors and utilities - meter data quality assurance as-a-service. Smartvee is a brick that will allow utilities, due to reduced cost, waste and fraud, to increase efficiency and adapt to increasingly more competitive conditions.
Solution Approach
Smartvee takes an innovative approach to VEE (validation, estimation and editing) process and measurement data insights. It enables heat, water and energy utilities and meter data management agents to clean measurement data, detect anomalies, predict trends, forecast consumption and respond quickly to events. It enables in one place: (i) Automated data cleaning and VEE process supported by flexible meta-data model and configurable rules. (ii) Advanced data analysis based on both current and historical data using configurable algorithms and analytical models. (iii) Results and data exploration given in one, user-friendly tool.
Smartvee uses PI System as a Central Data Repository and provides seamless integration with PI System through standard interfaces for current and historical measurement data, as well as for assets data.
Smartvee enables flexible delivery and cooperation model. Utility company can choose: (i) SaaS - ready-to-use cloud service providing all necessary features, including meter data import and export, vee process, analysis, reporting and data visualization in a simple subscription model with a try-and-buy period. (ii) Cloud - ready-to-use private cloud application allowing customization and integration with existing solutions without having to deploy it into infrastructure. (iii) On-Site - deeper integration with the infrastructure and customization to company’s particular requirements, especially in the field of analytical models and reporting.
It is also recommended to check out Smartvee Data Science consultancy services to assure top quality meter data and discover how Smartvee can solve issues that could be affecting company’s business.