Software firm IBM has released a new cloud-based analytics platform — Insights Foundation for Energy — to help energy and utility companies cut costs and make better decisions
According to IBM, the platform can be used to get a 360º view from the individual transformer level to the entire grid.
Brad Gammons, general manager of energy and utilities industry at IBM, said, “IBM Insights Foundation for Energy centres on the idea that the energy and utilities industry is undergoing a fundamental transformation from generation to supply. Utilities need flexible and comprehensive tools to help simplify the complexity, exploit the volumes of data and create a profound shift in how they operate day-to-day.
“Using a proven software foundation, we can deliver essential analysis to improve and automate complex decision-making that translates into near real-time insights for energy companies.”
The new software platform can display all information about an asset in one place including data history, maintenance records and operating condition data to improve planning, construction, operations and maintenance using both open source and proprietary data, added the GM.
Insights Foundation for Energy can be used to help utilities shift from traditional scheduled asset management to a need-based maintenance approach, Gammons noted.
To register for Big Data Analytics for Oil & Gas, please visit: http://www.oilandgasbigdata.com/register
