Schneider Electric releases Predictive Asset Analytics Suite |

Schneider Electric releases Predictive Asset Analytics Suite

October 192016
Schneider Electric releases Predictive Asset Analytics Suite

October 18, 2016 – Schneider Electric announced availability of Predictive Asset Analytics Suite. With the introduction of this industry solution, built on Avantis PRiSM, utility operators can minimize outage disruptions, improve cross department collaboration and increase operational agility. This Asset Performance Management (APM) solution is designed to drive greater operational efficiency that is safe, reliable, efficient and sustainable.

Predictive Asset Analytics Suite for Power Generation provides a closed loop performance management framework for utility providers to let decision makers contextualize real-time performances across their fleet, do causal analysis of any non-conformity, and then create a template of these learnings for future use. As a result, future non-conformity incidents can be dealt faster with minimum turnaround time. This information – which in aggregate becomes proprietary knowledge – can then be used to perform cost benefit analyses to respond “smarter” to future potential outages.

Predictive Asset Analytics Suite for Power Generation is a part of Schneider Electric’s comprehensive Enterprise APM platform. It is designed to bridge skills and process gaps with smart technology, combining advanced predictive analytics with knowledge management and decision support to maximize asset availability. This solution offers a data analysis and reporting framework, delivered via a single user interface with an integrated flow of intelligence. Further, by digitizing operations and decision support knowledge, power generation operators have new opportunities to transform their businesses along with their workforce.
Since the end of the 19th century, Schneider Electric has worked hand-in-hand with utility providers to deliver reliable power to homes and businesses. Predictive Asset Analytics Suite builds upon that knowledge, adds subscription model pricing options, and has bundled this offering with a comprehensive Customer FIRST maintenance and support program. As a result, power generation operators can incorporate intelligent information into their processes and digitize that knowledge to achieve and sustain operational excellence.
About Schneider Electric

Schneider Electric is the global specialist in energy management and automation. With revenues of ~€27 billion in FY2015, 160,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable.