Solutions / Energy & Utilities / Overview
Some examples of Corticon-powered solutions for Energy & Utilities include:
- Smart Grid
- Customer Care
- Asset Management
- Trading and Settlement
- Product and Offering Management
A smart grid uses information and communications technology to improve generation, delivery and consumption. Smart grids reduce cost, minimize environmental impact, improve service and reduce waste. But a smart grid takes more than smart meters and electronic monitoring - it needs smart, rules-based applications too.
Consumers are changing, demanding more control over their utility usage and expecting higher levels of customer service from their providers. Smart meters and carbon footprint worries are turning consumers into energy managers. Business rules management lets utilities build the systems they need for this new kind of customer.
Distribution systems are aging and struggling as demand for energy increases. Distribution companies must improve reliability and performance while reducing costs and effectively managing investments. Making the most of all the new sources of data about assets in the distribution network and ensuring those assets deliver cost-effective reliability and support for a smarter grid means managing business rules effectively.
Energy markets are a complex mix of regulation and competition. The evolution of a new Smart Grid with new providers being added all the time increases complexity. More consumers are becoming consumer/providers through solar power while demand response and monitor-based commissioning make for a more dynamic environment. Ensuring that energy is bought and sold legally and effectively in this new environment is complex and business rules management is essential.
As the energy market becomes more dynamic, utilities must create and update products and offerings faster. Mass customization of offerings, unique pricing plans for major customers and more are required. These products and offerings can and should be defined using business rules to encapsulate their design while allowing the business to own and update them easily as they change.
Related Products:Corticon Business Rules Modeling Studio, Corticon Business Rules Server, Corticon Dialogs
To speak with someone at Corticon, please contact us here, call us at +1 888.619.2424 or email us at info@corticon.com.
