POLYMATICA AND ANALYTICSHUB PARTNER UP TO DEVELOP PRODUCTS FOR ENERGY INDUSTRY AND UTILITIES COMPANIES

December 2019

Polymatica has partnered with AnalyticsHub, a leading machine learning and AI developer in the Energy Industry. This partnership empowers Russian big data solutions to build predictive models and decision support systems. The companies will focus their efforts on traditional infrastructure industries, where the digitalization of the data management process is progressing for production, distribution, and consumption of various types of energy.

As you know, European and US power engineers are adopting a strategy of the so-called flat consumption, which minimizes the energy consumption growth within the total economic growth, while significantly reducing the human impact on the environment. This approach offers benefits to the energy companies enabling them to:

• lower the load on their distribution facilities;
• extend the equipment service life;
• reduce capital investments to enlarge facilities;
• guarantee an uninterrupted energy supply at flexible rates for consumers as well as potentially lower bills for electricity, gas, heating, and water.

The joint solutions offered by Polymatica and AnalyticsHub will allow to:

• analyze domestic and foreign wholesale energy markets;
• compile energy consumption profiles;
• provide recommendations about optimization for each target group of wholesale and retail consumers.

“A number of Western vendors in the analytics segment are steadily losing positions due to the import substitution policies announced and implemented by large Russian corporations, particularly in the energy industries and public sector,” says Angelina Gurkina, CEO of AnalyticsHub. “Our joint solutions on the Polymatica platform are ready to compete with them.”

“Our partnership opens up good prospects for promoting joint solutions for customer analytics in numerous sectors — power distribution, water supply, and other housing and public utilities sectors that are already implementing digital transformation programs in collaboration with the Russian Ministry of Energy and EnergyNet, Scientific and Technical Institute”, adds Leonid Kuropatov, Managing Director for Fuel & Energy and Industry, AnalyticsHub.

“We are aware that long term sustainable development, is not just a trendy trend, but the key to the energy, environment and social security of our country,” says Sergey Kulikovsky, CEO of Polymatica. “We are ready to invest in digital solutions that help to implement this main goal.”

About AnalyticsHub

AnalyticsHub has unique expertise in analytics and process digitalization in banking, retail, public, and production industries. The company is focused to develop innovative segments, including pervasive analytics and data mining with machine intelligence. Part of the Merlion Group.