Fluitec Wind Case Study

1. What key selling points allow Fluitec to successfully sell predictive analytics to its

customers?

Answer: The gearbox is the most basic segment of wind turbines. Based on

contribution from National Renewable Energy Laboratory (NREL) gearbox failure studies, a

gearbox has about a 10 percent possibility of failure every year. Foreseeing and forestalling

such failure were a steady wellspring of worry for wind ranch proprietors, as gearbox

substitutions could cost in overabundance of $300,000. While forestalling such failure was

colossally significant to wind ranch proprietors and could permit much more prominent cost

reserve funds, in any event, foreseeing disappointment ahead of time could yield generous

investment funds in turbine personal time and fix costs.

So Fluetic wind can prevent the above scenario and, can lower the operation and

maintenance cost for the farm owners which is the main key selling point of Fluetic winds.

2. What arc the barriers to entry in this type of business?

Answer : Fluitec could foresee, and perhaps forestall, gearbox failure. In any case,

improving the exactness of the prescient investigation and commercializing the item was

convoluted and loaded with specialized difficulties. As far as Fluitec's plan of action, ought

to Magnotti charge potential clients a for every wind turbine membership expense? Maybe he

could join forces with the suppliers of wind turbine greasing up oil substitutions to access

their business channels. Plainly, Fluitec confronted a large group of choices for going to

showcase. As Magnotti thought about these choices, he pondered which would give Fluitec

the absolute best at increasing fast appropriation in the breeze vitality showcase.

3. From the perspective of Fluitec Wind's customers: how can you justify investment in

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 predictive analytics? (Note: While the case highlights Fluitec offering its data analytics

product to external customers, this business is similar to investing in predictive analytics as

an internal project.)

Answer: Fluitec Wind has helped the wind farm owners in increasing their profits by

reducing the operations and maintenance cost. By using their predictive analysis in the

wind farms they had to spent less amount of money in oil changes and also prevented

losses due to machine failure. Below attached is the testimonial of the client of Fluitec

Wind.

“Fluitec is most proactive and innovative in bringing the solutions to

Shuaibah IWPP to extend the life of our turbine oils and avoid costly

oil changes and shutdowns. We have no reservation in recommending

Fluitec as a top contributor in the field of turbine fluids health.”

This was the testimonial of Mr. Hairul Nizam Ismail the Technical Director of Shuibah

IWPP.

4. How can Fluitec Wind evaluate whether its product is beneficial? How can management

ensure data analytic thinking and evaluate whether the analytics in place add the greatest

possible value?

Answer: The gain in profitability of the wind farm owners proves the benefit of

Fluitec Winds . The same can be evaluated by calculating the difference in the amount of

profit before and after using Fluitec Winds solution. Fluitec wind also needed to think about

their product development. Because they need to continuously develop themselves in order to

stay in the market. “Solving the hard, technical problem of the analysis is never enough to turn it into a

profitable business; you need to turn it into a product that both the customer will pay for and you have

the core competency to maintain,” The following lines were said by the CEO of Fluitec Winds Mr Frank

Magnotti.

5. How can Fluitec Wind’s management team nurture a mentality of constant experimentation,

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 exploring novel data analytic approaches, while simultaneously keeping up with customer

requests for new functionality under resource constraints?

Answer : Notwithstanding the difficulties of improving prescient precision, Fluitec's

administration was likewise worried about product improvement. Throughout the years,

Fluitec had changed its ability and capacities into a major information examination stage for

wind turbines. To change the investigation capacity and the information resource into an

item, Fluitec made Tribo-Analytics, a product as a help (SAAS) stage that made it simple for

clients to utilize and get to the prescient examination abilities. The stage permitted clients to

transfer their information, make cautions and for the most part screen the well being of their

wind turbines. The objective was to help the adaptability of the item by giving it through a

self-administration condition in which clients could cooperate with the information

legitimately. The SAAS stage permitted clients to see their information at different degrees of

detail, from farm level totals to individual turbine-level measures. It likewise permitted

clients to contrast their own information and the business normal and progressively explicit

companion gatherings (e.g., turbines of comparable size and age in comparative areas) and

consolidate everything with master counsel on the best way to decipher the expectations. Be

that as it may, Fluitec expected to continually improve its foundation and extend its

usefulness. As Liekar noted, "We have such a large number of thoughts for new highlights to

execute that staying aware of it is a genuine test. Clients are continually requesting extra

usefulness."

6. How can Fluitec management create a culture where data science, and data scientists, will

thrive?

Answer : The Fluitec management's' plan of action, ought to Magnotti

charge potential clients a for each wind turbine membership expense? Would

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 he be able to offer free preliminaries? Maybe he could band together with the

suppliers of wind turbine greasing up oil substitutions to access their business

channels. Plainly, Fluitec confronted a large group of choices for going to

showcase. As Magnotti thought about these alternatives, he pondered which

would give Fluitec the absolute best at increasing quick selection in the wind

energy market.

7. Can Fluitec improve the accuracy of its predictive analytics by integrating additional data

sources? How can these additional data sources lead to an increased or sustained competitive

advantage?

Answer:The Fluitec Winds can improve the accuracy of its predictive analytics with

additional data sources because then they can have more number of combinations which can

help in improving the predictions. And the other big advantage of having more number of

data sources is that they can train their machine learning algorithm because in order to get

optimum result the more data you the better it is for the algorithm.