From the UK to China we've provided solutions to drive enterprises forward
Trying to predict the average gas consumption for an area can be tricky as many variables need to be considered –not only does everyone have different consumption habits, but consumption can also vary depending upon where you live, the amount of energy you use, the season or even climatic conditions. Gas companies need to account for these variables to adapt the supply to the demand, while avoiding waste and environmental risks.
Our client, a leading gas company in Leeds, already used models to forecast regional supply, but wanted to find out the real factors that drive gas consumption in Yorkshire and develop a new model that would be both economically viable and safe for the population and the environment.
We teamed up with the company’s engineers to create a set of three equations. From there, we built a projection model based on a range of criteria to be implemented in the area, using a wide range of factors both internal and external to the company.
The new model provided has significantly more power than anything used before due to the fact that there was a complete saving in waste gas being pumped out. The savings run into the tens of millions of pounds for the company as well as helping the environment without customers losing any gas for their daily usage and in the long term costing them less too.
Supporting the translation industry in Beijing, China, 2011
While professional translation rates can fluctuate between countries, translation companies usually look at two different variables to generate more business: the cost of translation and the profitability. This means striking a balance between what the production will cost and the average volume of translations received.
Our client, a translation company based in Beijing wanted to identify the most profitable language combination and field specialisation to boost their sales. We developed a model using a technique called clustering. This model showed the most profitable local market specialisation, as well as the most efficient ways to target this audience and maximise profits.
The project has been able to deliver a more cost effective and efficient way of increasing profits from Western clients by 12%. This translates into an increase of the overall profitability of the company but also helps for staffing and marketing ROI which helped create a cycle of work through a repeat business increase of 15% in the first year after implementation.