Presentation is loading. Please wait.

Presentation is loading. Please wait.

CK ED I W WORKING with Infrastructure Creation of Knowledge and Energy strategy Development 1 Generating Insight from.

Similar presentations


Presentation on theme: "CK ED I W WORKING with Infrastructure Creation of Knowledge and Energy strategy Development 1 Generating Insight from."— Presentation transcript:

1 CK ED I W WORKING with Infrastructure Creation of Knowledge and Energy strategy Development http://www.energy.ox.ac.uk/wicked/ 1 Generating Insight from Big Data in Retail Prof David Wallom

2 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED What do you consider Big Data to be? Big data is a broad term for data sets so large or complex that traditional data processing applications are inadequate. Challenges include analysis, capture, data curation, search, sharing, storage, transfer, visualization, and information privacy.

3 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED 14 July 2015 Scale matters for problems and solutions in the built environment “stock” at the city, national, international scale The building (or leaseable unit)

4 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED The Challenge  In UK, £1.7 Bn of energy consumed is not managed  Large businesses waste around 15% of energy due to lack of efficiency measures  £5Bn spent on new buildings each year, which use 2-3 times more than designed  Return on investment (ROI) of 48% available for many measures  Effective management will reduce risk and increase security of supply  Market transformation via   Awareness of problem   Understanding of technical performance   Opportunities for socio- technical change 14 July 2015 Source: Sweett Group, Verco, UCL, & Energy Foundation. 2014. Operational Energy Use and the Use of 'Bigger, Better Data". GCB230. Green Construction Board: London The Opportunity

5 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED What can analytics say about energy usage?  Turning Data into Actionable Information;  Predicting and classifying costs when there is a shift in the type of tariff, e.g. shifting to a real-time tariff from a fixed price tariff.  Clustering of load profiles, determining behaviour type and response by the consumer  Determining fundamental drivers of energy consumption

6 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED Clustering load profiles using Bayesian analytic techniques

7 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED

8 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED Normalised daily power demand profiles for all businesses by sector Commercial energy consumption and real time pricing  Analyse the impact of introduction of time-of-use and real- time pricing strategies

9 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED

10 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED How is big data best collected and stored, and who ought to have access?  Data costs, to both move and store, BIG DATA costs A LOT!  Maximise value of data once you have it by making it uniformly accessible to business functions  Increasingly common that energy information is handled on behalf of the retailer by a third party contractor.  Lack of standards in all aspects of data formats  Changing energy management provider is an epic task.  Example, we have partnerships within WICKED with four different retailers, four different configurations of data and inconsistent metadata.

11 W I CK ED http://www.energy.ox.ac.uk/wicked/ W I CK ED  Retail uses analytics regularly in sales, now it can move to other parts of the business,  Answer fundamental questions on efficacy of operational changes w.r.t energy  Connect consumption to overall business performance.


Download ppt "CK ED I W WORKING with Infrastructure Creation of Knowledge and Energy strategy Development 1 Generating Insight from."

Similar presentations


Ads by Google