HData partnered with Alabama Power to design HData Insights
BIRMINGHAM, AL - HData, the only RegTech company delivering streamlined compliance and business intelligence to the energy industry, today announced the next generation of its energy regulatory business intelligence. Alabama Power and HData have been working closely together since January to design HData Insights. The general availability launch of the product will bring smart dashboards and predictive analytics to inform financial management and regulatory compliance.
"We added to our financial investments in the Techstars Alabama EnergyTech Accelerator and in HData's seed round by also investing time: six months of our executives' focused feedback to help create HData Insights," said Alabama Power Company Assistant Treasurer Chris Blake. "We are thrilled to report that all these investments have resulted in an innovative and flexible way for energy regulatory professionals to manage and understand their regulatory information."
Since graduating from the Techstars accelerator program, Alabama Power and HData have been working closely together to design HData Insights. The partnership formed with Alabama Power has created an ideal model for early stage businesses.
"Never before has a regulated utility partnered with a RegTech startup to create new business intelligence software," said HData co-founder and Chief Technology Officer Yuval Lubowich. "We had unprecedented access to the way that leaders in the utilities industry work with regulatory information. We were able to bring in our HData's team's best-in-class abilities in data science, economics, user experience, and software development. And the result speaks for itself: the next generation of energy regulatory business intelligence."
HData’s platform uses regulatory data to automate compliance and business intelligence for electric utilities, gas companies and oil pipelines. The mission of the company, founded in 2018, is to digitize the interface between the regulatory and private sectors by creating and scaling platforms that take advantage of digital reporting.
To learn more about HData, visit hdata.us.
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