Home Energy Management Verdafero Adds Predictive Analytics to Utility Analytics Platform

Verdafero Adds Predictive Analytics to Utility Analytics Platform

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SAN FRANCISCO—Verdafero Inc. announces a new predictive analytics service module for its Utility Analytics Software Platform. This new capability allows Verdafero’s commercial and hospitality property customers to forecast future usage and costs of their utilities for individual buildings or their entire property portfolio based on real-world influencing factors such as weather, events and utility price increases.

By helping commercial property owners and operators better understand their utility usage now and in the future, this new predictive capability can help them control utility consumption and costs, budget for future expenses and predict asset value increases all at the touch of a button through Verdafero’s comprehensive software platform.

The ability to bring predictive analytics to future utility usage based on real influencing factors rather than relying on traditional guess work is of great value to the building owner/operator and is highlighted by Charles Smith, CEO of Hotel Sustainability Solutions, Inc. (HSSI) and Integrated Sustainability Solutions, Inc. (ISSI), leading sustainability solutions companies, and a premier Verdafero channel partner. “Up until now our customers have relied on best guess predictions for budgeting operational cost purposes,” Smith says. “Now, with Verdafero’s new predictive analytics module, they can confidently set budgets and cost/usage increases based on predictive models taking into account multiple external factors.”

Dr. Alastair Hood, CEO of Verdafero Inc. added, “As a leader in utility analytics, we believe that our announcement today marks a significant step forward for the worldwide commercial and hospitality property market’s ability to not only make better informed decisions on current utility costs and usage but also make confident decisions about future costs and usage based on predictive analytics. We are proud to have achieved this milestone. It is an important acknowledgement for Verdafero’s accomplishments in reducing utility usage and costs in key industry segments.”

Go to Verdafero.

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