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What makes Root3’s work stand apart? “It’s a significant bottom-line benefit” that helps clients cut their costs of generating power by up to 30 percent, says Gupta in a New York Times article, “Harnessing the Net to Power a Green Revolution.” http://www.chicagobooth.edu Root3’s products go a step further than traditional energy management systems by using advanced Root3’s founders noticed that a data-driven algorithms and business and engineering rules approach to sustainability existed in the larger to improve the efficacy of energy systems. This arenas of the energy industry, but not for is done by leveraging the existing data, so smaller-scale, independent energy generators, there is no new capital cost for the client. who don’t always install sophisticated manGlobal investors poured $1.2 billion into agement systems. In 2013, there were 24,000 “cleanweb” ventures in 2011 alone, highindependent power plants in the United States. lighting the demand for economically efficient Archisman “Archie” Gupta, Root3’s technology like Root3’s software. “All the co-founder and CEO, has a master’s degree in data is already there,” explains Gupta in the electrical engineering from Clemson UnivNew York Times article. ersity, South Carolina, and has previously held “We are taking the data and converting it various engineering, business development into actionable information, and this is actionand leadership roles at Schneider Electric and able information hour by hour. What do you ITC Holdings. He and co-founder Allison need to do? What do you need to turn on? Hannon came up with the idea for Root3 How much do you need to produce?” Root3 Technologies while working on their MBA’s at uses prescriptive analytics to provide operators the University of Chicago Booth School of and engineers with forward-looking instrucBusiness. It’s no surprise then Root3’s first tions and applies predictive analysis to client was the founders’ alma mater, the simulate their clients’ energy profiles with new University of Chicago, where peak winter equipment, operational practices or market natural gas costs reached $1 million. considerations in a fraction of the time Root3’s pilot ran at the university in June required by typical consulting firms. 2012 and was a success. “After running the By doing so, Root3 not only saves its beta for a month, they saved nearly 10 percent clients significant costs, but also helps the on their overall energy costs,” says Gupta in environment by reducing energy usage. an Ecopreneurist blog, “GreenStart’s Fall 2012 It seems that Root3 Technologies has come Demo Day Launches 4 Cleantech Comup with a winning formula: use data analysis panies.” The University of Chicago signed on to best understand systems and empower the as a full-time client. client to make informed decisions in order to Since then, Gupta has gone on to win the operate as efficiently as possible. Innovaro Strategos Award for Most Innovative Business Model and a Gallup Award for Innovative Go-To Market Strategy for the Kimberly Gyatso is a freelance writer based in San Francisco. Gallup WorldView product.
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www.root3tech.com
The University of Chicago Booth School of Business
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We are taking the data and converting it into actionable information, and this is actionable information hour by hour. What do you need to do? What do you need to turn on? How much do you need to produce?
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