Shortfacts - June 2020
SAP Innovation Award 2020
The Hamburg-based company Kaiserwetter Energy Asset Management has received this year's SAP Innovation Award in the "Technology Disruptor" category for its innovative implementation of artificial intelligence to strengthen sustainable investments.
This category recognizes companies that use innovative technologies to accelerate radical changes in the dynamics of their industry, thereby generating a significant increase in value and strengthening their own competitive position.
Kaiserwetter uses the Internet of Things and artificial intelligence to support the global fight against climate change. This makes climate protection faster, more efficient and less risky. This is particularly evident in the company's flagship product, Aristotle.
This cloud-based IoT platform makes it possible to minimize the risk of investments in renewable energies and maximize returns. It aggregates, structures and analyzes large volumes of technical and financial data from wind energy and solar plants.
On the platform itself, the analyses are enriched with information from external sources, such as meteorological data and, in future, data from the electricity markets, and translated into key performance indicators (KPIs) and dashboards.
With the integration of artificial intelligence, in particular machine learning, in Aristotle, operational risks can be identified at an early stage and potential technical problems can be rectified before they occur, so that precise plans can be made for the future performance of a plant on this basis.
This new level of transparency enables investors and capital providers to react immediately to developments and adapt their own investment strategies on the basis of the aggregated data.