ARISTOTELES Can Help Energy Investors

Energy investors in search of resilience are rediscovering the power of the Internet of Things (IoT) and machine learning to guide data-driven decisions in the face of an increasingly volatile economic environment. Much has happened since I first wrote about the cloud-based IoT platform from Kaiserwetter Energy Asset Management called ARISTOTELES. "We're seeing strong interest from investors who want to stay ahead of ongoing shocks related to the COVID-19 pandemic, as well as all the other variables that impact the energy industry," said Hanno Schoklitsch, chief executive officer (CEO) and founder at Kaiserwetter Energy Asset Management. "Our customers have been super astonished when they've seen how they could use applied data intelligence on a daily basis to benchmark the performance of the assets they have invested in and predict production outcomes of renewable energy facilities throughout the world at any given time." It is built on SAP Cloud Platform and uses a number of SAP solutions, including SAP Internet of Things and SAP Analytics Cloud.