Data Analysis to Hedge Against Volatile Energy Costs | Trends and Outliers

See on Scoop.itData Nerd’s Corner

Companies can use data analysis to better predict energy consumption over time and to work with energy providers to fix pricing on energy over the long term.

Carla Gentry CSPO‘s insight:

Predictive analytics can further help companies sift through historical and real-time data to foresee potential spikes in energy prices. Additionally, predictive analytics can help firms anticipate changes in their organizations’ near-term or long-term energy consumption based on a variety of factors, including changes in production cycles, planned divestitures or office/plant expansion, etc.

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