Nostradamus® AI Energy Forecasting Software

Description

The Nostradamus AI energy forecasting solution is transforming the industry.

The energy landscape is changing, bringing with it overwhelming amounts of data and more challenges than ever. Where energy forecasting used to require manual analyses of data that yielded incomplete and inaccurate predictions, Nostradamus AI leverages various forecasting models, complex data sets, and the power of AI solution to generate more accurate energy forecasts.

Do you need more help with:
 

•  Getting more accurate forecasts as renewables generation and demand can be inconsistent from day to day
• Optimizing your portfolio of generation and energy assets to ensure contractual obligations at the lowest cost of electricity (LCOE)?
• Strengthening grid reliability and having better contingency planning?
• Maximizing profits and arbitrages while reducing risk exposure through trades and transactions?
• Easily scaling and integrating with all of your markets?

Start Generating Your Energy Forecasts Today

Get in touch with our team to learn more and ask for a free demo presentation and energy forecast samples for your markets and grid

Benefits

Increased Accuracy, Flexibility, and Interpretability
The combined power of automation and machine learning yields more accurate and reliable forecasts.

Nostradamus AI includes pre-tuned “pipelines” with configurable parameters, giving you the flexibility to decide what conditions your algorithms should account for.

Interpretability has always been a challenge in forecasting, so Nostradamus AI provides you with more context about parameter tuning and training/testing performance. That way, you can better interpret your results and make the right decisions for your organization.

Seamless Integration with Hitachi Energy Products and Other Applications Nostradamus AI is designed to easily integrate with other systems that require forecasting capabilities. Whether you choose to embed it in your own systems or within our Energy Portfolio Management solutions, our energy forecasting solution will help you run day-to-day operations.

Multiple Energy Forecasting Models in One Automated Solution
Nostradamus AI is algorithm-agnostic, so you can train and test numerous algorithms. This ensures you get the most in-depth, reliable predictions in one tool. Test as many algorithms as you want to maximize efficiency as you discover which models to deploy for different use cases.

Easy to Use Even with Limited AI Knowledge
Rather than conducting and analyzing algorithms in a hard-to-navigate spreadsheet, Nostradamus AI offers a sleeker, user-intuitive interface in addition to a simple forecast wizard that walks you through a 5 step process to build your own forecasts.

Scalable
Nostradamus AI is a cloud-based energy forecasting solution, meaning it can easily scale along with your growing needs in the evolving energy landscape. 

Features

• Pre-tuned, automated machine learning pipelines that combine Hitachi Energy’s domain expertise with data science best practices
• Highly transparent with all pre-tuned parameters visibly reported and easily adjusted
• Easy-to-follow wizard to help load data, train models, review results, and generate forecasts
• Algorithm-agnostic to leverage many of the best machine learning algorithms, providing you more control over accuracy, interpretability, and speed
• Easily integrated to upstream data sources or to downstream systems via API
• Easily scalable to queue operations and generate anywhere from one forecast to hundreds of thousands in the required time
• Built by experts in energy markets, energy assets, and data science to thoroughly build and test pipelines allowing for rapid development and maximum accuracy
• Visualization of the entire process enables you to easily interpret and explain your forecasts, from data inputs to training to forecasting outputs.
• Specifically built for the energy industry to allow for flexible forecast horizons, data granularity, and manual forecast adjustments with shaping or scaling