SAS announced software grant, including energy forecasting technologies, to the University of North Carolina at Charlotte’s Energy Production Infrastructure Center (EPIC).
Energy companies face two important challenges. First, utilities face a business transformation toward digital technologies with increased analytic requirements.
Second, PwC’s 2013 US CEO Survey says 54 percent of all global CEOs said that skills availability is a potential threat to business growth. In power and utilities, those numbers are likely higher.
EPIC aims to enhance the technical and business workforce for the global energy industry. SAS joins Duke Energy, AREVA Inc. and Siemens Energy in funding EPIC programs.
The SAS grant will be used to support education, research and development in advanced analytics applications for utilities as well as oil and gas.
Beginning August 2014, EPIC courses will use SAS software to introduce descriptive, predictive and prescriptive analytics and their applications in energy forecasting, demand response analytics, outage management, energy trading and risk management.
“We have already seen utilities recognize business value from SAS Energy Forecasting and SAS Visual Analytics. By integrating these technologies into the EPIC curriculum, we are enabling UNC Charlotte to prepare the next generation of energy analysts,” said Alyssa Farrell, Product Marketing Manager for Energy at SAS.