Based on the customers data, metalogic executes the entire forecasting process and delivers the results.
FaaS is the right service for utilities that lack 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. Demand plus any other forecasting requirements can be contracted to metalogic. The FaaS subscriber simply uploads their data for forecasting to metalogic as often as needed.
FaaS is executed using mP Xnergy in the Azure Cloud. In coordination with the subscriber, metalogic sets up everything necessary, including modelling, projects, optimization, and other settings for achieving the best possible forecasting results. The FaaS subscriber receives the forecast results once or several times a day as agreed, also aggregated e.g. by the total portfolio, by regions or other categories according to requirements. The subscriber does not receive access to the FaaS mP Xnergy application but gets access to a dashboard. Here, for example, the KPIs of the delivered forecasts as well as the consumption behavior over a certain period are displayed graphically. Thus, the FaaS customer always has an overview of the forecast performance and the consumption behavior of their portfolio.
Before the FaaS operation is deployed, all details and requirements of the subscriber are coordinated and contractually agreed upon. FaaS offers an excellent price-performance ratio, which can be tracked at any time. Billing is based on an agreed quarterly fee. This means that costs for forecasting operations can be planned accordingly. There are no hidden costs.
Advantages
Unlike SaaS, where the subscriber themselves accesses and uses mP Xnergy for their forecasts, the FaaS subscriber upload their data and have metalogic execute the forecasts independently and return the forecast results hourly/daily. This means less work for the FaaS subscriber, plus provides operational, organizational and cost advantages.
The initial PoC (proof of concept) 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 the FaaS operation.
If the assessment of the FaaS test results is positive, then the transition from a test to a productive operation is not far away. If the data feed has been set up and automated in the framework of the PoC test, then from a technical standpoint, 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 fully transparent basis with no hidden costs.
If the subscriber’s data is uploaded to metalogic according to a defined time plan, the forecast results can also be returned as scheduled. And should the subscriber’s data arrive late, metalogic will quickly turn around the results. Otherwise, any discrepancies detected are quickly notified to the subscriber plus, displayed in the FaaS Dashboard. metalogic keeps the subscriber informed!
