CARY, N.C.--(BUSINESS WIRE)--DataFlux, a leading provider of data management solutions, today announced that the Northern Virginia Electric Cooperative (NOVEC) has selected DataFlux to manage and improve the quality of its enterprise data as the first step of a corporate-wide data warehousing initiative. NOVEC will leverage the DataFlux Data Management Platform to transform its data into a strategic asset, enabling economic and customer load forecasting and driving new power supply strategy initiatives.
NOVEC is a member-owned utility headquartered in Manassas, Virginia that serves more than 145,000 customers in northern Virginia. As part of an effort to generate more complex analytic models, NOVEC embarked on an ambitious data warehousing initiative to get better insight into data across the organization. With data residing in different formats and structures across the enterprise, it was difficult to generate internally consistent and accurate data for its forecasting models.
“We need to leverage our data to generate forecasting and other analytic models that could ultimately help us obtain and deliver energy more cost effectively,” said Jamie Hall, senior operations research analyst at NOVEC. “Currently it is a significant challenge to achieve this objective because our data exists in disparate silos across the organization, often with different standards and nomenclatures. DataFlux will enable us to standardize our data so that it is easier to manage and maintain.”
NOVEC runs a forecast of electric loads each morning that requires manual updates of multiple data sources of varying quality. With DataFlux, NOVEC will automate much of its data management process, thereby reducing the number of manual-hours needed to generate daily reports and improving forecast accuracy.
“Forward-looking companies like NOVEC understand how critical accurate data is to strategic initiatives such as energy usage forecasting,” said Tony Fisher, president and CEO of DataFlux. “By improving the quality and automating the management of its data early in the warehousing initiative, NOVEC will benefit from trusted data that can be used to accurately forecast and serve future growth.”
About DataFlux
DataFlux enables business agility and IT efficiency by providing innovative data management technology and services that transform data into a strategic asset. A wholly owned subsidiary of SAS (www.sas.com), DataFlux helps organizations manage critical aspects of data through unified technologies and expertise that provide the benefits of data quality, data integration and master data management (MDM). To learn more visit www.dataflux.com.
About the Northern Virginia Electrical Cooperative (NOVEC)
NOVEC is a not-for-profit corporation that distributes electricity and energy services to more than 145,000 customers in Fairfax, Fauquier, Loudoun, Prince William, Stafford and Clarke counties, and the City of Manassas Park, making it one of the largest electric distribution cooperatives in the nation. For more information, visit www.novec.com.
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