Based on the customers data, metalogic executes the entire forecasting process and delivers the results.
FaaS is the right service for utilities that do not have the necessary staff, expertise, or customer portfolio size. It is best suited for local or regional utilities or smaller municipal utilities, with predominantly classical household customers. Normally the complete demand forecasting is contracted to metalogic. The FaaS customer simply delivers all necessary data for the forecasting process to metalogic daily.
FaaS is operated based on mP Cloud. In coordination with the customer, metalogic sets up everything necessary, including modeling, projects, and other configurations and settings to achieve the best possible forecasting result. The customer receives the forecast results once or several times a day as agreed, aggregated e.g., by the total portfolio or by regions or other breakdowns. The customer does not receive access to mP Cloud, but gets access to a dashboard where, among other things, the KPIs of the delivered forecasts as well as the consumption behavior over a certain period are displayed graphically and numerically. Thus, the FaaS customer always has an overview of the forecast performance and the consumption behavior of his portfolio.
Before the start of the FaaS operation, all details as well as requirements of the customer are coordinated and contractually agreed upon. FaaS offers the customer an excellent price-performance ratio, which can be tracked at any time. Billing is based on a disclosed flat rate once a quarter. This means that costs for forecasting operations can be planned accordingly. There are no hidden costs.
Advantages
Unlike SaaS, where the customer uses mP Cloud for their forecasts themselves, the FaaS customer hands over the forecasts to metalogic to perform independently and provide the forecast results daily. This leads less work for the FaaS customer, and provides e.g., operational, organizational as well as cost advantages.
The initial pre-testing of FaaS is based on the data of the FaaS prospect, with the aim of determining the quality of the forecast results and the stability and reliability of FaaS operation.
If the assessment of the FaaS test results is positive, then the transition from the test to a productive operation is not far away. If the data supply has been set up in the framework of the test operation, then from a technical point of view, the productive operation can begin.
The cost of FaaS is low compared to the organizational cost and effort of manning and running one’s own forecasting operation. FaaS is invoiced on a lump sum basis with no hidden costs.
If the customer data is provided to metalogic according to schedule, the forecast results will also deliver on time. And even if the customer data arrives late, metalogic will quickly turn around results based on the latest data. Any discrepancies in customer data detected are also reported quickly. Metalogic is very reliable!
