Prestigious Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies
HOUSTON, August 26, 2020 – Adapt2 Solutions, a leading provider of AI enabled multi-market operations and trading software, today announced that it has been selected as the winner of the “Best AI Solution for Big Data” award in the 2020 AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.
Adapt2 Solutions delivers powerful AI and Big Data solutions to over 2,450 energy market participants, empowering them with an integrated strategy across commodity markets, utilizing variables to better predict forecast loads at greater accuracy than ever before. Adapt2 Solutions couples deep energy market intelligence with best-in-class AI technology by creating a cloud-based platform to manage energy prices and load forecasts for all North American energy ISO markets.
The solution offers a menu of SaaS solutions that capitalize on emerging technologies such as machine learning and AI. Coupled with state-of-the-art DevOps automation, Adapt2 Solutions creates an infrastructure for improved innovation, efficiency and streamlined market connection to all ISOs using one single platform.
“Energy enterprises are dealing with an increasingly complex and ever-changing landscape, including increased renewables, volatile markets, and increased pace of technology innovation for each of the commodity market,” said James Johnson, managing director, AI Breakthrough. “Adapt2 Solutions is in a unique position to support energy companies with powerful artificial intelligence technology to help their operations to automate, optimize and maintain a competitive advantage. We want to recognize this achievement by awarding them with ‘Best AI Solution for Big Data’ and we extend a hearty congratulations to the entire Adapt2 team on their well-deserved industry recognition.”
The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry specific AI applications and many more. This year’s program attracted more than 2,750 nominations from over 15 different countries throughout the world.
“As we have seen with COVID-19, sudden closings of things like schools and stadiums affects the markets. This becomes a simple data change that Adapt2’s AI models ingests and interprets for real-time market data insights inputted into a user friendly UX that seamlessly integrates with the customer’s Microsoft’s suite of products,” said David Nilsson, Vice President, Adapt2 Solutions. “By continually adding logic and parameters to the algorithms, Adapt2’s end-to-end Energy Load Forecasting solution provides energy traders with predictive data analysis to better manage the supply and demand of energy and maximize profits without the need of a data scientist.”
As the basis of its flexible and scalable platform, Adapt2 Solutions has streamlined terabytes of historical market data for energy enterprises to optimize their bidding strategies across all markets with Adapt2’s “Tahoe” Data Lake. Tahoe’s energy market data is fed into proprietary machine learning algorithms that help energy enterprises create an adaptive forecast strategy with new variables inputted daily – both on a macro and a micro level.
About Adapt2 Solutions
Adapt2 Solutions (Adapt2) is the leading provider of AI enabled multi-market operations software designed to help market participants streamline all of their front and back office operations. Founded in 2008, Adapt2 delivers market-based solutions on the latest and most current technologies providing customers with fast, intuitive and stable user experience and performance. With over 150 market implementations representing over 2500 market participants, Adapt2 is a leading solution provider in the energy industry. Adapt2 Solutions is a privately held company based in Houston, Texas. To learn more about Adapt2, please visit www.adapt2solutions.com.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics and more. For more information visit AIBreakthroughAwards.com.