Data Analytics & Financial Modeling
With the advent of the Smart Grid, and the influx of data that came with it, utilities today find themselves in need of tools to parse data in a manner that allows stakeholders to take meaningful action. Whether it is evaluating the expected ROI on a new technology implementation, or evaluating the projected impacts of a new rate structure on the average ratepayer, UtiliWorks’ quantitative-meets-qualitative approach to analytics and financial modeling is designed to empower informed decision-making at the executive level.
At the heart of our analytics approach is our proprietary financial analysis model: an interactive tool designed to your specifications, and with your goals in mind. Unlike tools developed by other firms, UtiliWorks’ model is not a “black box” — because it is our view that a model is only useful if you understand how it works and how to make it work for you.
UtiliWorks’ financial analysis examines your detailed data against industry standards to determine ROI, net present value, internal rate of return and other critical information.
While our financial model puts a numerical value to a given decision, our analytics team is concerned with much more than just the financial outcome. Given our robust utility expertise, we make it our priority to examine how the financial projections and outcomes of the model affect the day-to-day operations of your utility and the impact on your customers. For this reason, data analytics and financial modeling touch every aspect of your utility, from process improvement, to strategic planning, to benefits verification. Our team analyzes the interaction of people, processes and procedures, with finances and data to help your utility maximize overall benefits.