Accenture Launches Advanced Analytics Applications for the Utilities, Oil and Gas, Chemicals, Metals and Mining Industries
New applications support pricing, risk management, credit collection,
energy trading and workforce planning decisions
Accenture (NYSE:ACN) is launching five advanced analytics applications
for the resources industries, which include utilities, oil and gas,
chemicals and metals and mining companies, to enable insight-driven
decision making for improved business outcomes. The new analytics
applications are designed to support pricing, risk management, energy
trading, credit collection, and workforce planning decisions.
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The advanced analytics applications were developed on the Accenture
Analytics Applications Platform and are configurable and adaptable
to meet the needs of each unique resources company and its individual
user, from C-suite to functional manager to data scientist. The new
applications are:
For Utilities, Oil and Gas, Chemicals, Metals and Mining Companies
-
Workforce Management – Optimizes the workforce planning and
management process by forecasting the time to execute work activity
and the number of incoming calls at a call center, and recommending
the optimal number of workers needed in the field or on the job daily.
For Utilities and Oil and Gas Companies
-
Cross-Border Trading Optimization – Simulates and evaluates the
prices of gas, oil, power and more in different markets and time
zones, providing portfolio managers and traders with insights that can
help them to choose the best buy and sell options for each day and
improve their profitability.
For Utilities Companies
-
Credit Collection – Supports the credit collection process by
recommending a debt recovery plan for individual customers, the
preferred channels to reach them, and next best actions to perform for
the customer such as a discount.
-
Energy Fraud Detection – Provides fraud risk scores to any
event, helping companies to identify risks or improper behavior that
could result in losses.
-
Pricing – Estimates the price for an energy sales offering in
real-time considering the expected company margins, commodity price
and pricing fees.
The five new applications join the following eight existing applications
for the resources industries: Data
management, Forecaster
Gas, Forecaster
Power, Forecaster
Renewables, Market
Interface, Nomination
Interface, Portfolio,
and Risk
management.
“Companies in the resources industries are seeking immediate access to
the tools that can help them to make data-driven decisions and solve
complex business issues,” said Kausar Qazilbash, managing director,
Accenture Analytics – Resources Industry Lead. “Developed specifically
with the resources companies in mind, the new advanced analytics
applications can help a business become insight-driven across a variety
of its organizations, from sales to risk management to resource
planning. As more effective decisions are being made at a swift pace, a
new data-driven culture and a competitive advantage will follow suit.”
Accenture’s large suite of advanced analytics applications also includes
solutions for the telecommunications, retail, and financial services
industries. In addition to Accenture’s ready-made analytics
applications, custom applications can also be created to meet a
company’s specific needs. Depending on the amount of customization
needed – for example, fully configuring to a company’s exact operational
work flow process and precise user requirements – applications can be
ready for use in approximately one week to 60 days.
Accenture’s advanced analytics applications can be run through the Accenture
Insights Platform or on their own. Launched in
July 2015, the Accenture Insights Platform is a cloud-based, end-to-end
analytics-as-a-service solution comprised of an integrated suite of
leading technologies, consumption-based commercial arrangements, and
enterprise support.
Additional details on the Accenture Analytics Application Platform and
existing advanced analytics applications can be found here and
videos can be found here.
About Accenture
Accenture is a leading global professional services company, providing a
broad range of services and solutions in strategy, consulting, digital,
technology and operations. Combining unmatched experience and
specialized skills across more than 40 industries and all business
functions – underpinned by the world’s largest delivery network –
Accenture works at the intersection of business and technology to help
clients improve their performance and create sustainable value for their
stakeholders. With more than 358,000 people serving clients in more than
120 countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.
Accenture Analytics, part of Accenture
Digital, delivers insight-driven outcomes at scale to help
organizations improve their performance. With deep industry, functional,
business process and technical experience, Accenture Analytics develops
innovative consulting and outsourcing services for clients to help
ensure they receive returns on their analytics investments. Accenture
also offers analytics platforms that can drive data-driven decisions:
the Accenture
Insights Platform – a cloud-based, end-to-end analytics solution
designed to deliver real-time actionable insights – and the Accenture
Analytics Applications Platform – a scalable platform that develops
industry- and function-specific advanced analytics applications that are
reusable, configurable and adaptable to meet the needs of each unique
company and its individual users. For more information follow us @ISpeakAnalytics and
visit www.accenture.com/analytics.
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