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Altimetrik: Developing Cost-Efficient Methods to Integrate Frameworks in the Utility Sector
Increased competition in the utilities sector has entailed changes in regula- tory frameworks and ownership struc- tures of enterprises, in addition to business diversification. It is a strict environment with constantly shifting business priorities. Companies are under pressure to be compli- ant, with the need to adhere to strict regulations like low emissions, not just regionally but even globally. The important challenge is not just in being cost-efficient but also in being time-efficient, as companies in the Utility sector do not have price flexibility and are always pressed for time-to-market. Headquartered in Southfield, MI, Altimetrik is successfully tackling these challenges by providing a set of technology solutions to enhance the efficiency of companies in the utility industry.“It is essential to keep the system functional at all times as there is no downtime in utility. With the influx of new technologies over the past few years, customer expectations are on the rise,” says Mr. Vattikuti, CEO and Chairman, Altimetrik. According to Mr. Vattikuti, the most important tech- nological trend in the utilities sector is the need for smarter use and better utilization of company assets. “The utility industry now needs to be able to respond intelligently in conjunction with the supply and demand,” adds Mr. Vattikuti. Altimetrik strongly believes that experience led consumer behavior will lead the way in the future transformation of businesses and is investing heavily in researching and building solutions and capabilities which are likely to catalyze this transformation.
One of the most valued solution offered by the company is their Adaptive Development Framework that helps customers build multi-platform solutions derived from a common mark-up stack that drives the user experience and visual design. “We start off with the user experience, that allows us to keep track of all the consumer needs and we create a repository of components which helps in making the whole process very agile,” notes Arvind Ramachandran, Chief Architect, Altimetrik. This allows Altimetrik to assemble the components in a flexible manner, quickly respond to the user demands, and focus on an assembly-based development.
Features like continuous delivery and understanding of the behavioral research usage and the end-to-end model goes all the way from idea to deploy, enabling Altimetrik to deliver solutions in an extremely cost-effective and quick manner. “Typically we follow the 30-60-90 day paradigm where we're able to deliver buckets of functionality for the business needs, and are able to de- liver them within the first 30 days and keep doing it 30 days afterwards,” says Mr. Vattikuti.
There is a huge amount of data that is entering the utility sector on a daily basis, and the companies are challenged to make sense of this data influx. Segregating the data based on operational issues and demand variations, Altimetrik addresses these issues by utilizing analytics workflow models. This allows the company to monitor and respond to the analytics needs of the clients within weeks instead of months.
Looking ahead, the company knows that to stay relevant in the industry, it is an absolute necessity to keep abreast with the rapidly changing technology trends such as connected devices and more, that dictates how companies fair. “There's going to be significant consolidation going to happen in terms of business transformation, and we are gearing up for the challenge. It doesn't mean that we need an army of people, we probably need a much more integrated skill set for us to be able to deliver this in a more effective manner to our own customers. Gone are the days when you used to say that you could have multiple people and liber- ally staff them, the demand is to have much more smaller teams who are able to respond across technology sets, in a very effective manner,” concludes Mr. Vattikuti.
The most important trend is regarding smart usage and better utilization of assets, as in the utility sector there is always a finite amount of resources that you are working with
There is a huge amount of data that is entering the utility sector on a daily basis, and the companies are challenged to make sense of this data influx. Segregating the data based on operational issues and demand variations, Altimetrik addresses these issues by utilizing analytics workflow models. This allows the company to monitor and respond to the analytics needs of the clients within weeks instead of months.
Looking ahead, the company knows that to stay relevant in the industry, it is an absolute necessity to keep abreast with the rapidly changing technology trends such as connected devices and more, that dictates how companies fair. “There's going to be significant consolidation going to happen in terms of business transformation, and we are gearing up for the challenge. It doesn't mean that we need an army of people, we probably need a much more integrated skill set for us to be able to deliver this in a more effective manner to our own customers. Gone are the days when you used to say that you could have multiple people and liber- ally staff them, the demand is to have much more smaller teams who are able to respond across technology sets, in a very effective manner,” concludes Mr. Vattikuti.
