By Rob Starr, Content Manager, Big4.com

Accenture (NYSE: ACN) is providing Canadian utility Hydro One Networks Inc. with an analytics solution to improve how the utility plans investments in its transmission and distribution assets. The asset analytics solution uses a risk-based approach to prioritize capital and maintenance expenditures, which will help Hydro One manage and identify operations, maintenance and administration requirements.

Hydro One anticipates that, when the analytics solution is fully deployed, it will use data that can be combined with other statistical modeling, forecasting and optimization techniques to enable the utility to better anticipate its grid performance. Its managers will be able to access integrated asset information to help them further identify and plan for short- and long-term investment scenarios and deliver performance outcomes that mitigate power system and on-going investment risk.

Accenture working with Canadian Utility

Brian A. Martin, a managing director in Accenture’s Utilities industry group, said, “Accenture is focused on delivering a next-generation asset analytics solution that will help Hydro One make better-informed investment decisions and improve its asset management performance through state-of-the-industry capabilities.”

Brian A. Martin, a managing director in Accenture’s Utilities industry group, said, “Accenture is focused on delivering a next-generation asset analytics solution that will help Hydro One make better-informed investment decisions and improve its asset management performance through state-of-the-industry capabilities.”