Schneider Electric Announces Predictive Performance Manager for the Power Generation Industry
Empowers power generation operators to minimize outage disruptions, improve collaboration and increase agility
Digitizes plant operations to transform business value
CHICAGO, Ill. – Oct. 18, 2016 – Schneider Electric, the global specialist in energy management and automation, today announced availability of a new Industry Solution for the Power Generation Industry: Predictive Performance Manager. 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 can drive greater operational efficiency that is safe, reliable, efficient and sustainable while providing a digital framework to transform business value.
Utility providers are always in pursuit of ways to reduce outage frequency or duration to minimize generation costs, optimize load management and improve customer satisfaction. Predictive Performance Manager 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 Performance Manager 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 simplified and enriched data analysis and reporting framework, delivered via a single user interface with an integrated flow of intelligence, for a superior user experience. Further, by digitizing operations and decision support knowledge, power generation operators have new opportunities to transform their businesses along with their workforce.
“Power Generation operators must increasingly operate with greater collaboration across departments, driving a need for a single version of the truth across stakeholders and an ability to better manage information across multiple systems, people and processes,” said Doug Warren, Vice President, Industry Solutions at Schneider Electric. “Predictive Performance Manager enables information sharing by connecting multiple systems with context to ensure process rigors are followed in terms of ownership, which ultimately simplifies collaborative decision making.”
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 Performance Manager 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.
Learn more about the Predictive Performance Manager for power generation at http://software.schneider-electric.com/industries/power/.
Note: Original announcement referenced availability of Predictive Asset Analytics Suite, which has been renamed to: Predictive Performance Manager, reflected in this updated news announcement.
Download this announcement in PDF format.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.
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