CenterPoint Energy is implementing next-generation asset analytics solutions to complement its ongoing work in this area. Accenture announced its related collaboration with SAP to develop the next generation of predictive analytics solutions for asset management in the utilities industry to enable condition-based maintenance. The SAP Predictive Maintenance and Service solution will be extended to better manage risks by improving equipment uptime in transmission and distribution, as well as maintenance and equipment-replacement planning.
The proof of concept allowed us to quickly determine how to optimize our asset renewal strategy for underground residential distribution. We are looking forward to achieving similar results across the full asset management lifecycle for a wider scope of assets, working with Accenture and SAP in a co-innovation project.
- Gary Hayes, CIO and SVP from CenterPoint Energy
SAP Predictive Maintenance and Service is a key part of the technology solution underpinning this approach. This follows an initial proof of concept that proved the business and technology value proposition of the SAP Predictive Maintenance and Service solution, enabling CenterPoint Energy to make better maintenance and renewal decisions using predictive analytics and insight into asset health.
This initiative allows multiple systems and higher levels of complexity in the utilization of real-time data, starting with a platform which CenterPoint has had in place with SAP for some time (per the Transmission & Distribution World article of May 14, 2015: "CenterPoint Energy to Use Asset Analytics Solution to Take Advantage of Internet of Things."
The utilities industry continues to face regulatory pressure to optimize its operating costs and improve the quality of power supply by better managing more complex grid networks, which are destabilized by new distributed energy resources. This solution arrives at the right time to help utilities manage the risk of asset failures and their related costs.
-Matias Alonso, senior managing director and Accenture's utilities practice lead
SAP's next-generation SAP HANA® platform together with the SAP Predictive Maintenance and Service solution provide the extendable, open platform for utilities to bring together IT and operational technology (OT) information, while building new digital applications to garner new business insights in real time from data analytics.
SAP's approach is to work with our customers and Accenture to help ensure that our products meet industry needs, bring innovation on the SAP HANA platform and deliver tangible business value. We will be onboarding new charter clients who want to participate in this exciting program with Accenture to contribute to the requirements for SAP Predictive Maintenance and Service, add-on for utilities.
- Henry Bailey, global vice president, head of Utilities Industry Business Unit at SAP
The full announcement is available at this link on Accenture’s website.