Synergy Energy Resources

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Business Intelligence (BI)

Specializing in the formation of technology partnerships, joint ventures, alliances, and consortia targeting international EPC contracts, Synergy supports international business development strategies, collaboration, market intelligence, and overseas market entry to achieve growth.  

Much of this is being led by global digital transformation primarily in big data analytics, digital twins, augmented intelligence, asset integrity, condition monitoring and predictive maintenance.  Furthermore, global environmental directives are driving opportunities in flare gas recovery, gas to liquids, zero emissions, renewable energy, and waste to fuel biofuel plants projects.

To provide quantifiable results and sustainable growth from these opportunities, we provide the following commercialisation services:

  • Perform and oversee the structured analysis of the client’s existing operations to identify pain points, inefficiencies and any unmet business needs
  • Develop innovative ideas to transform the client’s business, leveraging technology, best practices, and regulatory knowledge in collaboration with Foresight colleagues and clients
  • Implement new business processes and organizational changes while minimizing disruption to day-to-day business operations
  • Design and implement measures to ensure oversight and sustainability
  • Own individual project deliverables in support of business transformation
  • Support or lead client workshops in support of business transformation
  • Contribute directly to and oversee the creation of high-quality deliverables

Competitive Intelligence (CI)

Though the term business intelligence is sometimes a synonym for competitive intelligence (because they both support decision making), BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence gathers, analyzes and disseminates information with a topical focus on company competitors. If understood broadly, business intelligence can include the subset of competitive intelligence.[14]

Business Analytics (BA)

Business intelligence and business analytics are sometimes used interchangeably, but there are alternate definitions.[15] Thomas Davenport, professor of information technology and management at Babson College argues that business intelligence should be divided into querying, reporting, Online analytical processing (OLAP), an “alerts” tool, and business analytics. In this definition, business analytics is the subset of BI focusing on statistics, prediction, and optimization, rather than the reporting functionality.[16]

Applications

Business intelligence can be applied to the following business purposes:

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