Accenture: Asset Management Analytics Solution

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. 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.

Rick Stevens, Vice President – Asset Management at Hydro One Networks comments:

“Our ratepayers expect us to get the most out of our assets and Accenture is helping us do exactly that,” he said. “We chose Accenture because they have significant experience with Hydro One’s business processes and IT systems, as well as SAP, enterprise asset management and ERP solutions. They also have a track record of successful delivery along with the skills and people required to deliver on the goals for this analytics solution.”

Brian A. Martin, a managing director in Accenture’s Utilities industry group commented:  “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.”

Accenture is helping Hydro One to access and integrate historical asset data and information from multiple databases and business applications that were either inaccessible or not integrated into the utility’s information technology and operations technology networks.