“Business leaders need to look at IoT – and the technologies that deliver accurate and actionable predictions – as a strategic competitive advantage”

Redwood City‚ Calif. – March 16‚ 2016 – At the IDC Pan-European Utilities Executive Summit 2016‚ held this week at Lake Como‚ Italy‚ C3.ai™ Senior Vice President Julien Groues gave a day-one presentation on the economic value of enterprise data analytics and the disruptive impact next-generation IoT applications are having on traditional utility business models.

To an exclusive‚ invitation-only audience of corporate and IT executives at Europe’s leading utilities‚ Groues described the requirements underpinning a new class of enterprise IoT software applications. They must integrate cloud computing‚ big data‚ IoT‚ connected sensor networks‚ analytics‚ and machine learning in order to enable utilities to unlock operational insights across their entire value chain‚ inform real-time decision making‚ and attain new levels of productivity.

“C3.ai has developed a platform and suite of application solutions that may well change the face of the European utility grid. As Europe embraces IoT through its Industry 4.0 initiatives‚ C3.ai is well positioned to have similar impact‚” said Dr. Urban Keussen‚ Vice Chairman‚ TenneT.

With more than 20 large-scale production deployments worldwide – including leading utility and energy providers‚ which were among the first to install millions of smart devices and sensors – C3.ai (formerly known as C3 Energy) has demonstrated its ability to rapidly design‚ develop‚ and deploy enterprise IoT applications that enable business transformation.

C3.ai recently expanded the application of its C3 Platform™ to provide a full-stack IoT development platform to address the requirements of enterprise markets‚ including oil and gas‚ manufacturing‚ aerospace‚ automotive‚ chemical‚ pharmaceutical‚ telecom‚ retail‚ insurance‚ and financial services companies‚ as well as public sector organizations.

“C3.ai’s rebranding is a clear signal that the company is building on its successes in the energy space and extending its advanced analytics platform and software applications to other industries. Not to mention‚ this aligns with European utilities’ ambitions to become IoT and smart city enablers‚” said Roberta Bigliani‚ Associate Vice President Head‚ Europe‚ Middle East & Africa‚ IDC Energy Insights.