AdobeStock_80150287.jpeg
ExCiting News from the Aiolos-team

The Aiolos Team contantly work to improve your user experience in Aiolos Forecast Studio, as well as outside of the software e.g. better support etc. On this page you find release notes, all available modules, development ideas and general things that our team could help with.

Please feel free to contact any of us if you have any questions!

The latest Update

Aiolos Forecast Studio 10.2

No less than a staggering 328 updates have been made to the release. Below you can read about the real game changer HOME Live for intraday trading, how the Weather Point Optimizer improve the day ahead accuracy with up to 10.1% for electricity load forecasts, Secure FileTransfer and so much more. 

Latest Model Improvements. "Energy202020"

Faster calculation time

Advanced Realtime Corrections

As a part of our project "Energy 202020", a bunch of new methods for real time corrections of your production/consumption forecasts have been developed, and now released. Tests have shown a forecast error improvement of up to 30%.

Improved intra-day wind power forecasts

Faster calculation time for > 10 000 series

Add-On Modules

AI Model Collection

We have gathered all our new AI/Machine Learning models under AI Model Collection (AMC). Right now we have four AI-ML-models available to optimize your forecasts.

AI Model Collection is a subscription of our existing AI/ML models as well as future models and improvements of these. Our AI/ML development team are continuously searching for new- and improvements in existing models.  

AdobeStock_305833858 (1).png

Post Processing

Automatically calculates error estimations of systematic biases for each time step to use as forecast corrections. Has proven very good forecast quality improvements.

AdobeStock_229341330.png

Deutscher Wetterdienst

Number 9 in the included weather forecast suite.
Deutche Wetterdienst is the latest weather forecast institute to be brought into Aiolos. All institutes are tested by our model development department to ensure that they bring value (read: lower the MAE) to you as a customer.

DWD-Logo_2.jpg

Advanced Realtime Corrections

As a part of our project "Energy 202020", a bunch of new methods for real time corrections of your production/consumption forecasts have been developed, and now released. Tests have shown a forecast error improvement of up to 30%.

AdobeStock_87222743.jpeg

HOME Live

HOME Live gives intraday traders completely new possibilites to compare the latest intraday forecasts differences to the day ahead forecast and the actual outcome.

AdobeStock_15934325.jpeg

Weather Point Optimizer

Weather Point Optimizer automatically finds the best correlation between your forecast series and all available weather points. We are also optimizing which weather suppliers to use for each forecast series. To describe it shortly, the module is optimizing how to handle weather data for your forecast series.

Video, more info

AdobeStock_104966840.jpeg

Secure FileTransfer

Your data just got even safer! The new secure file transfer uses a restful API to send and receive data files between the customer´s network and the Vitec server.

AdobeStock_111459337.jpeg

Possible Projects

Imbalance Price Calculator

Give user a cockpit of analytical tools to calculate Imbalance cost risk by simulating hundreds of combinations to form a cost/income result ensemble.

Can be used to calculate the Imbalance risk for a customer prospect offer, to calculate future adjustments of customer portfolios, or to estimate next year’s budget,

AdobeStock_81606529.jpeg

Road Map Idea

This is an development idea. Show your interest by submitting the form!

Wind Turbine Icing Forecasts

This project aim to have a new model produce accurate Ice forecasts as reduction input to wind power forecasting. Interested in the topic? 

AdobeStock_157458817.jpeg

Road Map Idea

This is an development idea. Show your interest by submitting the form!

Get help from our team of experts

DayType Calendar Tuning

By using the DayType Calendar in an optimal way for each forecast series, there are a lot of improvements in terms of forecasting accuracy to be made. One example on what to optimize is the usage of weekends vs individual Saturdays/Sundays and how different settings of these day-types affect the forecast accuracy. Contact us to get more info on what we can help you with.

AdobeStock_120908399_SMALL.jpg

Expert Help

The experts at Aiolos Forecast Studio can help with this project. Show your interest by submitting the form!

Aiolos Quality Service Tuning

Aiolos Quality Service is the module that filter all incoming data, all internal processes during the making of the forecast and all outgoing data. This is of huge importance to assure that the models have the best possible accuracy. Vitec staff can help with tuning of these filters to find a suitable level for your company.

AdobeStock_167300960.jpeg

Expert Help

The experts at Aiolos Forecast Studio can help with this project. Show your interest by submitting the form!

Full Forecasting Service

Today we are helping some of our customers with the whole process of making an accurate forecast. The outcome of this service is an improved forecast optimized by us, so you can spend your time on other things. We can offer a full-service or a part-time service where we for example check settings/data two hours per week.

AdobeStock_92123784.jpeg

Expert Help

The experts at Aiolos Forecast Studio can help with this project. Show your interest by submitting the form!