Ventyx, an ABB company, has announced availability of its industry-leading asset performance software portfolio for managing assets, operations and smart grid analytics in a hybrid or full-cloud model.
Ventyx chose to host the software in Microsoft’s Azure cloud platform due to Microsoft’s broad use throughout the utility industry, and will deliver the application as a service through Ventyx’s Managed Services Group.
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Jeff Ray, CEO, Ventyx, said: "Utilities are under more pressure than ever to reduce capital expenditures while minimizing equipment-related outages and delivering higher levels of customer service. Our cloud-based solutions allow utilities to scale faster, avoid significant new investment in computing infrastructure and reap the benefit of fast information technology/operational technology (IT/OT) integration."
Benefits to Ventyx Customers:
- Maximize value and minimize risk: By leveraging Ventyx’s industry experts and technology in a Solution-as-a-Service model, utilities can reduce costly upfront capital investments in new equipment and software, lower IT staff and implementation costs and rapidly deploy the latest Asset Performance Management applications. Ventyx acts as the single point of contact that delivers efficient operations to a high service level agreement.
- Flexible in an environment of significant change: The utility industry is facing unprecedented challenges and changes, among them 2015 power-plant emissions standards, smart meter mandates and the growth in distributed generation. The cloud model allows companies to test various responses to these challenges with minimal cost, risk and investment of time.
- Highly scalable, actionable analytics amid utilities’ data deluge: Turns Big Data into Smart Data as utilities receive real-time information from sensing and monitoring of digital equipment such as power lines, transformers, turbines and motors; multiple industrial software systems; and market-based data such as weather and demand forecasts. The cloud model also allows utilities to scale up and down automatically to meet changes in demand.
- Cushions impact of workforce retirements: Nearly 40% of utilities’ experienced technical workforce will retire and must be replaced in the next five years, according to Center for Energy Workforce Development. The cloud model requires smaller and less specialized internal IT teams, and gives younger new workers the same social, collaborative and mobile capabilities in their safety and productivity software at work that they use privately.
Jon Arnold, managing director, Worldwide Power and Utilities Industry, Microsoft, said: "It’s imperative that utilities improve asset performance and customer service while spending less on the IT projects that make it happen. The Microsoft Azure cloud is a proven platform for achieving these goals with the highest levels of performance, security, scalability and resilience. As a leading provider of enterprise software to the utility sector, we are delighted Ventyx has chosen to work with Microsoft to deliver Ventyx Asset Performance software hosted in Microsoft Azure."
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By GlobalDataAsset Health, the predictive analytics component of Ventyx Asset Performance Management, is available immediately on the Ventyx site in Microsoft Azure. Additional Ventyx Asset Performance Management applications will be available in the cloud over the coming months.
