SEW Announces Acquisition of Choice Tech to Drive Revenue Protection for Utilities. The acquisition will add complementary strengths to SEW product suite and drive digital customer and workforce experience transformation for utilities, powered by AI/ML/IoT.
Our passion is fueled by a global problem: utilities’ losses due to fraud, theft, collection and quality of service. Electric utilities alone lose $85 billion USD per year. Our robust AI-powered digital platform help drive down non-technical revenue losses with little or no impact on operational cost.
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Today, Choice Revenue Intelligence™ platform has been adopted by utilities serving nearly 100 million customers, with more than two million field inspections executed, and annual benefits averaging $40 million USD.
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Choice Revenue Intelligence™ platform employs sophisticated AI and ML -based algorithms to accurately predict fraud probability and the associated financial return for each customer. Leading utilities confirm we provide the only proven commercial platform for once-a-month conventional meter readings.
Choice is the worldwide leader in Revenue Assurance for Utilities, accordingly to the Northeast Group.
Back in the early 2000’s Choice founded by a group of data scientists determined to develop a robust new theft analytics solution to help utilities drive down non-technical revenue losses with little or no impact on operational costs. In 2003, this belief became a reality with the launch of Choice Revenue Intelligence™.
Our growing customer base sooner included one of the largest utilities in Brazil, Light, a four and a half million consumer electricity distribution utility in Rio de Janeiro. Later on Choice expanded the customer base internationally, including customers such as EPM in Colombia with six million customers and Saudi Electricity Company in Saudi Arabia with eleven and a half million customers.
Today Choice Revenue Intelligence™ suite of products and services is recognized as the top revenue assurance solution for emerging markets, having been deployed in +30 electric, gas and water utilities that are providing services to over 180 million people.
In this publication produced by Smart Energy International. Having stood out in meeting the various category criteria, the Advisory
In 2017, the Northeast Group named Choice as the “Global Leading vendor focusing specifically on revenue protection for Utilites”
Choice was the first non-SAP software vendor certified to run on SAP HANA for the Utilities sector.
In this publication produced by Smart Energy International. Having stood out in meeting the various category criteria, the Advisory
In 2017, the Northeast Group named Choice as the “Global Leading vendor focusing specifically on revenue protection for Utilites”
CHOICE was the first non-SAP software vendor certified to run on SAP HANA for the Utilities sector.