EIQ Platform for Hyperautomation in Energy and Utilities Industry
Hyperautomation Enablement Platform for Energy and Utilities Industry
Regulatory Response and Claims Processing
Hyperautomation in energy and utilities enables the automation of claims processing and regulatory responses, leading to improved reporting and data management. This enabled energy and utility companies to streamline the claims process, automate data entry and verification, and generate accurate reports, resulting in enhanced efficiency, faster response times, and improved overall data management.
How does it work?
- Orchestrate claim form submission and approvals through workflows.
- Prevent claim duplication and enable data integration with ERP, CRM, and other support systems.
- Generate MIS reports for claim volumes, response times, and STP.
Alarm Management
Leveraging a hyperautomation enablement platform for energy and utilities in alarm management systems allows for performance optimization, effectively reducing the impact on Service Level Agreements (SLAs) and operational costs.
How does it work?
- Real-time monitoring of alarm feeds using ML algorithms to detect false positives.
- Schedule engineer visits based on location and availability.
- Trigger automated communications to local agencies and councils.
Predictive Maintenance
Hyperautomation in energy and utilities domain empowers organizations to lower operation costs and achieve higher network stability by adopting predictive maintenance models. This proactive approach enables timely interventions, reduces downtime, and optimizes resource allocation, leading to cost savings.
How does it work?
- Predictive maintenance algorithms with data from SCADA, CIS, EAM-GIS, weather channels, and field sensors.
- Recommend repair/replacement and auto-schedule service engineer visits based on device health.
- Trigger ticketing systems and schedule workforce activities.
Handling Meter Misreads
Hyperautomation in energy and utilities offers automated validation and correction processes to resolve customers’ meter misreading swiftly. With this, energy and utility companies can analyze meter data, identify discrepancies, and automatically validate and correct readings.
How does it work?
- Validate meter readings with the last reading and historical trends.
- Apply ML techniques to predict readings and send pre-emptive numbers to customers.
- Communicate with customers through the preferred channel to confirm the changes to the submitted meter reading.
Talk to us today to learn how an enterprise leveraged the EIQ platform to automate their operations effectively.
Automation of Regulatory Response and Claims Processing
Client Context
A UK corporate had to respond to regulatory action and provide an automated system for claims processing by its household and non-household customers.
Business Process Area
Claims processing and payment posting
Value Delivered:
- 75% Reduction in the BPO team
- 400 Mn Value of claims processed
- 90% Straight-through processing of claims
“This strategic alliance will help InfoVision transfer the benefits of hyper-automation to its customers by driving efficiency, increasing the bottom line, and boosting productivity significantly. With EvoluteIQ’s proven low-code/no-code hyper-automation enablement platform, InfoVision becomes well-positioned to take the lead in developing enterprise-effective business transformation solutions. Additionally, faster and more accurate services will help improve customer experience resulting in increased customer loyalty and profitability.”