![IT4Energy Stochastic Forecast, 970/411 IT4Energy Stochastic Forecast](https://cdn0.scrvt.com/fokus/41306460879c2d5e/7a97d3d2c9d4/v/5b7463c92aec/IT4Energy_StochasticForecast_970x485.jpg)
Prognose als Dienstleistung
Prediction as a Service
To support decision making in the industry we offer our internet-based forecasting service "smartPaaS" ("Smart Prediction as a Service"). This service integrates different data sources as inputs to our application-specific forecasting algorithms: M2M-enabled sensors (IoT data), facility and legacy data, commercial and open weather-related data, etc. The resulting stochastic (probabilistic) predictions consist of a series of future scenarios, each of which is assigned a given probability related to Energy flows, prices, demand, etc. Customized forecast are available to our partners via secure data pipelines. In the case of interest in our forecast and real-time sensor data platform, we can assist in the choice, deployment density and optimized positioning of on-site sensors, to achieve not only a better forecasting accuracy, but to save operational costs while guaranteeing quality of service and privacy according to our '3S' set of principles ('Strategic Sampling and Sensing').
![IT4Energy Strategic Sampling and Sensing (3S) , 970/393 IT4Energy Strategic Sampling and Sensing (3S)](https://cdn0.scrvt.com/fokus/6bc705c76f1b64c6/fb6c9ea80dc6/v/3368af749ca2/IT4Energy_Forecast_3S_1_970x485.jpg)
Strategic Sampling and Sensing (3S)
left: 3S in which sensor placement is sparse, given privacy-aware limits of on sensor geographical density (shown by circle), leveraging spatial correlations in resource consumption to contain costs, and use targeted forecasts for multi-modal integration to achieve equivalent forecast accuracy