Accenture and Siemens form Joint Venture to implement Smart Grids and improve energy efficiency
Accenture and Siemens have entered into an agreement to form a joint venture in the smart grid field that will work with utilities to improve energy efficiency, grid operations and reliability.
The new company, named Omnetric Group, will provide the energy industry with advanced solutions and services focused on data management and systems integration. These solutions will integrate operational technologies - such as distribution management and real-time grid operations - with IT systems supporting smart metering, energy consumption and work and asset management.
What is Smart meter? "Smart meter" - is an electrical meter that records consumption of electric energy in intervals of an hour or less and communicates this information at least daily back to the utility companies for monitoring and billing purposes. Smart meters enable two-way communication between the meter and the central system.
Unlike traditional home energy monitors, smart meters can gather data remotely and can avoid theft or tampering. This advanced metering differs from traditional automatic meter reading and Accenture Microsoft can solution this around upcoming Microsoft SQL 2014 to help scale companies in their transformation of capturing and managing data from 5 million (per month user consumption) to 5 billion data inputs.
About Siemens
The Siemens Infrastructure & Cities Sector (Munich, Germany), with approximately 90,000 employees, focuses on sustainable technologies for metropolitan areas and their infrastructures. Its offering includes products, systems and solutions for intelligent traffic management, rail-bound transportation, smart grids, power distribution, energy efficient buildings, and safety and security. The Sector comprises the divisions Building Technologies, Low and Medium Voltage, Mobility and Logistics, Rail Systems and Smart Grid. For more information, visit http://www.siemens.com/infrastructure-citiesAbout Accenture
Accenture is a global management consulting, technology services and outsourcing company, with approximately 275,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.
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