Demand Forecasting Solution
Legacy forecasting system would not run quickly enough for capital markets futures positions to be taken
The Problem
- Forecasting system must run in less than 12 hours
- Using major data center, legacy system did not always finish in time
- Utility also needed to increase system size and capacity
- Utility needed to accurately bid in futures market
Why Fractal
Fractal Programming enabled the development of a demand forecasting App that runs over 1,000 times faster than the legacy App.
Forecasting system was delivered in a single business quarter and is more accurate than legacy system.
SOLUTION
- Fractal Programming enabled new demand forecasting system to be written and deployed in a single business quarter
- Dramatically increased accuracy and number of scenarios that can be run
- Uses full customer data set instead of just a data sub-set
- System runs in minutes instead of hours
Impact
Added accuracy of forecasting 100% of the data, not samples, impacts millions of dollars of futures contracts each year.