Accenture introduces more analytics apps for resources verticals

Source: Accenture. Accenture’s Energy Fraud Detection advanced analytics application dashboard.

Accenture is launching five advanced analytics applications for utilities, oil & gas, chemicals and metals & mining companies to enable improved business outcomes. The new analytics applications are designed to support pricing, risk management, energy trading, credit collection, and workforce planning decisions.

The applications were developed on the Accenture Analytics Applications Platform and can be customised:

Workforce Management, for utilities, oil & gas, chemicals and metals & mining companies
Optimises the workforce planning and management process by forecasting the time to execute work activity and the number of incoming calls at a call centre, and recommending the optimal number of workers needed in the field or on the job daily.

Cross-border Trading Optimization, for utilities and oil & gas companies
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.

Credit Collection, for utilities companies
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 behaviour 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. Accenture’s suite of advanced analytics applications also includes solutions for the telecommunications, retail, and financial services industries.

“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, MD, 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 organisations, 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.”