For most of its eight years, H2Bid has been know as a place for water utilities to save money by taking their business online. Now it’s looking to bring those utilities more savings through data analytics.
"We have a ton of data we have collected over the years," says Glenn Oliver, president & CEO of
H2Bid. "Basically it's procurement information from water utilities."
The four-person firm's software platform helps water utilities bid out projects over the Internet, enabling them to strike the best deal in the most cost-effective manner. It is now looking to work with some of Michigan research universities to add data analytics to its list of services. The idea is to help the downtown Detroit-based firm’s customers make smarter decisions about everything from pricing to procurement.
H2Bid hopes to execute on that pivot later this winter and spring. It is also looking at developing a procurement platform later this year to help add more value to its customers.
"It's kind of a natural fit for us," Oliver says. "It's something we're excited about."
Source: Glenn Oliver, president & CEO of H2Bid
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.