HAKOM Time Series pivoting its business focus towards new decarbonized energy world.
In our rapidly transitioning world towards a decarbonized energy landscape, numerous well-established software vendors are reevaluating their strategies to align with the evolving needs of market participants. Trends like smart metering, the rise of prosumers, the emergence of real-time intraday power markets are leading to an era of big data, which companies must adeptly manage.
HAKOM is well-positioned in this evolving business environment, thanks to its time series management software designed to handle substantial data volumes. However, the company has also identified further opportunities within this quickly developing market.
Many startups, as well as established software vendors, are actively developing AI tools, predictive analytics, and other software solutions built upon the wealth of data generated by modern smart metering systems. They all are united by common desire for a comprehensive platform that can efficiently import, validate, aggregate the data, and allow easy API access and real-time processing of this data. Such a cloud-based platform would be highly appreciated by both software vendors developing AI tools and energy companies aiming to create their analytical applications using their data.
This is precisely where HAKOM enters the picture. The CEO of HAKOM, Stefan Komornyik, said that their new software tool, PowerTSM®, is designed to serve this exact purpose. PowerTSM® comprises a toolset for high-performance capture, validation, and processing of time series data, with a particular emphasis on its relevance to the energy industry. Built upon a modern microservice architecture, platform and database technology independence, as well as plug-and-play extensibility, PowerTSM® provides the ideal foundation for any time series project, whether it’s of a modest or extensive scale.
By pivoting its focus from time series management applications and consulting, HAKOM is steadily establishing itself as backbone for manifold solutions for the decarbonized energy market starting with the processing of meter data, forecasting of consumption or production, integration of DERMS and VPP solutions, going to real-time trading applications encompassing price analysis, price forecasting, and algorithmic trading. All those solutions can be built upon HAKOM’s data management platform due to its sharebility (support of common data base technologies and multiple data sources), its scalability on both app & service and database level, and high availability.
This strategic shift not only enables HAKOM to attract new customers but also to tap into new customer segments. In addition to the traditional utilities and energy traders, software vendors are emerging as a pivotal customer segment, further strengthen HAKOM’s position as an essential player in the dynamic landscape of the decarbonized energy market.
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