SOURCE: Space-Time Insight

Space-Time Insight

October 26, 2015 11:54 ET

Next Generation Approach to Outage Management Can Save Utilities Millions

Space-Time Insight and OMNETRIC Group Partnership for Next-Generation Outage Management Delivers Advanced Outage Analytics and Visualization to Improve Distribution Operations

SAN MATEO, CA--(Marketwired - October 26, 2015) - Space‐Time Insight, the leading provider of situational intelligence solutions, today announced it has entered into a strategic cooperation agreement with OMNETRIC Group to deliver next-generation outage management solutions to utilities in North America. By working together, the two companies help utilities achieve better awareness, improved assessment and better preparedness for power outages through predictive analytics and continuous process improvement.

According to the Consortium for Electric Infrastructure to Support a Digital Society, the U.S. economy loses $104 - $164 billion per year to unplanned power outages even after utilities have implemented an outage management system (OMS) under normal operating and external conditions.

OMNETRIC Group, a joint venture between Siemens and Accenture, develops and delivers integrated smart grid solutions for greater grid reliability and efficiency. Its next-generation solution to outage management offers an innovative and holistic approach that seamlessly integrates evolving data sources and applications (e.g., social media mining and smart grid analytics) and analytics with core systems (traditional outage management systems such as OMS, DMS and ADMS). This integration, and the additional capabilities it makes accessible, enable utilities to leapfrog the limitations of existing operational systems.

To this integration, Space-Time Insight adds its advanced outage intelligence solution and intuitive visualizations. This additional capability enables utilities to:

  • Identify the potential for outages ahead of time
  • Forecast storm impacts by analyzing weather data, network models and historical feeder performance to compute the likelihood of a specific feeder failing
  • Visualize current and forecasted outage impacts spatially, over time and from a network perspective
  • Assess outage impacts and prioritize outage-related work based on the effect on reliability measures such as SAIDI, SAIFI, CAIDI and CAIFI.

"The stakes are high for power outages in terms of community safety, regulatory compliance, customer service and performance for shareholders," says Dileep Rudran, VP Strategic Advisory & Business Transformation Services, OMNETRIC Group. "We've partnered with Space-Time Insight for their industry-leading situational intelligence and visualization platform, and to deliver outage analytics and advanced outage intelligence solutions that enable utility stakeholders to realize significant operational efficiencies and cost savings."

"Consumers and regulators expect a broader perspective to proactively prevent, detect, and respond to power outages," says Rob Massoudi, Senior Vice President of Business Development at Space-Time Insight. "Together with OMNETRIC Group, we give consumers the next-generation outage management experience that they expect from utilities in the 21st century."

About Space-Time Insight

Space-Time Insight liberates companies in asset-intensive industries from a fragmented view of the big picture, providing the context and clarity they need to make fast, confident decisions. Using spatial, temporal and nodal analysis, our IoT-ready real-time visual analytics applications illuminate the what, where, when, why and how of every asset and situation. Space-Time Insight's award-winning situational intelligence software powers mission-critical systems for some of the largest companies around the world, including eight of the twenty largest US utilities. We partner with leaders in the industry including Accenture, Esri, IBM, NEC, OSIsoft, SAP, Siemens and Unicorn Systems. Space-Time Insight is privately held and based in San Mateo, CA. For more information, visit www.spacetimeinsight.com. Space-Time Insight is a registered trademark of Space-Time Insight Inc.

About Omnetric Group

OMNETRIC Group is dedicated to the global delivery of integrated information technology and operational technology solutions and services, helping utility companies to achieve greater grid reliability and efficiency. OMNETRIC Group is a joint venture between Siemens AG and Accenture. Combining Siemens' leading energy technology product portfolio with Accenture's systems integration, consulting and managed services capabilities, OMNETRIC Group can support clients with innovative solutions wherever they may be on their path to a smarter grid. For more information, visit www.omnetricgroup.com.

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