Jan 20, 2021

Major utility sees 25% savings in estimate production time

InEight
ComEd
Rick Deans
2 min
Find out how InEight’s construction estimating software solution enabled ComEd to reduce their estimated production time by 25%.
Find out how InEight’s construction estimating software solution enabled ComEd to reduce their estimated production time by 25...

Fortune 100 energy company, Commonwealth Edison (ComEd) needed a tech solution to help improve large capital project management while minimizing disruption to existing processes. Find out how InEight’s construction estimating software solution enabled ComEd to achieve their goals, ultimately reducing their estimated production time by 25%. 

CUSTOMER BACKGROUND

Chicago-based Commonwealth Edison (ComEd) is a Fortune 100 energy company and the largest electric utility in Illinois. A member company of Exelon Corporation, ComEd provides electricity to more than 4 million residents across northern Illinois — about 70% of the state’s population.

THE CHALLENGE

ComEd needed a technology solution to help demonstrate and document its efforts to continuously improve how it manages large capital project costs. At the same time, the utility wanted to minimize disruption to existing processes for its operating companies using Excel and Primavera P6. ComEd also needed to speed up new hire training, deliver consistent project costing and drive accurate data into its reporting engine dashboard.

THE SOLUTION

ComEd leveraged InEight’s estimating software, which sets the industry standard for accuracy, performance and multiuser collaboration. With InEight’s expertise, the company could start to enjoy unmatched connectivity options for its electric and gas utility estimating, benchmarking and reporting requirements.

Using InEight’s solution, ComEd now aligns data within PowerBI® to be consistent with corporate direction, while also integrating data from its work planning and tracking system. The tool also helps ComEd leverage cost assembly and peer resource cost data libraries, enabling new and existing team members to easily create consistent and accurate estimates. The estimating solution was key to reducing the time needed for developing resource and cost item assemblies.

THE RESULTS

Ultimately, ComEd achieved its goals and reduced estimate production time by 25%, while delivering more consistent and accurate estimates. 

“The benefit of having data from multiple systems in one data library is huge!”

– Nathan Kitzman, Senior Project Controls Estimator, ComEd

By Rick Deans, EVP, Industry Engagement, InEight

© 2021 InEight Inc. All rights reserved.

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Jun 18, 2021

Microsoft Power BI: Enabling data culture through innovation

Esri
Microsoft
3 min
A peek into Microsoft Power BI’s roadmap revealing exciting capabilities like real-time analytics and organisational goals tracking

Businesses using Microsoft’s cloud services may be familiar with Power BI –  a business analytics service that aims to provide interactive visualizations and business intelligence capabilities with a simple experience helping end users create their own reports and dashboards. Power BI is part of the Power Platform which is a set of low-code tools consisting of business intelligence, app development, bot development and process automation applications. In a world where everything is constantly changing, the Power Platform enables subject matter experts to keep up with business needs.

Today, data comes not just from transactional systems of record, but from the real world – whether it is the devices people use, to everyday human interaction. Power BI’s mission is to make access to data paramount to every business operation through its solutions and empowers individuals, teams and organizations to drive a data culture. This sentiment is further established by Arun Ulagarathchagan, Corporate Vice President of the Power BI team, adding “Our vision here in the Power BI team is to help you drive a data culture where everyone can make every decision with data.” So what can organisations expect to see next in the pipeline? Microsoft is bringing performance management to Power BI for the first time. Organisations strive to achieve certain goals, and today, goals are largely data-driven. Power BI helps make those goals more accessible and personalized in existing workflows. This means that since many teams’ data, analytics and business logic is already reported in Power BI, they can now instantly connect it to their personal/department goals. It is also worth noting that Goals is natively integrated into the Microsoft Teams experience. The goals algorithm is also AI powered, so organisations can better understand how they’re doing and where are the opportunities for improvement. Finally, Microsoft is working towards integrating it with Power Automate, so organisations can define business processes that get automatically triggered as the goals change status. Goals will soon be available as a mobile experience too, so teams can stay up to date and take action in real-time. On that note, another major announcement from Microsoft features real-time analytics. Today, data is captured from everywhere and synthesizing it in real-time allows for maximum impact. Power BI has been a pioneer in real time analytics from the start with a simple vision – that the distinctions between batch, real time, and streaming data today will disappear over time. Power BI will launch Streaming Data Flows soon, allowing every business a simple low-code way to work with real-time data.

Amir Netz, CTO Power BI concludes “Our vision is to empower everyone in the world with data, and not just the people sitting in offices, but people who are working in the real world, people who are moving things, creating things, producing things with their hands. And for this, we have to think again about how we deliver data to help them make better decision

 

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