Bit Stew technology to deliver up to £10M in operations savings
London, UK (PRWEB) April 20, 2016
Bit Stew Systems, developer of the premier platform that solves the data integration challenge in the Industrial Internet of Things (IIoT), today announced the signing of Scottish and Southern Energy Power Distribution (SSEPD) in Europe.
SSEPD services 3.7 million customers across Scotland and Southern England. Similar to other UK distribution network operators, SSEPD receives a Network Innovation Allowance (NIA) as part of the RIIO price control mechanism to invest in innovations that deliver operational or commercial benefit. SSEPD decided to improve the company’s utility network situational awareness by leveraging the artificial intelligence capabilities of Bit Stew’s MIx product portfolio.
David MacLeman, Distribution R&D Manager at SSEPD, says “We are working with Bit Stew Systems to trial an application of their innovative technology on our distribution network. The project will improve our understanding of how data analytics can be used to ensure we continue to provide a safe, secure and reliable electricity supply to our customers.”
Bit Stew provides SSEPD faster time to resolution
The utility is using Bit Stew’s technology to analyse meter and geographical information system (GIS) data from across the energy network to derive a reliable connectivity model. This information will help to ensure optimal service uptime for customers and faster time to resolution when an outage occurs.
“We are very excited to share our experience and leadership in building a purpose-built IIoT solution with SSEPD and to help them address data integration and analysis challenges related to their AMI roll-out,” says Michele Morgan, Managing Director, Europe at Bit Stew.
“If the network connectivity can be determined through data analytics, rather than by the current labor intensive method, then the savings would be over £10 million for the SSEPD network”. Our technology will also provide the utility with improved customer service by enabling more accurate energy restoration estimates.”
Bit Stew helps drive the future of smart energy performance with BC Hydro
Bit Stew Systems has deep experience working closely with BC Hydro, a Canadian electrical utility serving 1.8 million customers, and many other leading utilities around the globe on their smart meter roll outs and data architecture challenges. BC Hydro partnered with Bit Stew to help design a data architecture that would bring together data from not only its nearly 2 million smart meters, but also more than 30 different operational and IT systems, including homegrown and legacy systems. By implementing Bit Stew’s MIx Core™ platform, BC Hydro has been able to quickly and easily integrate AMI and other data from the smart grid along with data from grid-asset health tracking systems, distribution management systems, field dispatch systems, work order management systems including SAP, customer information systems, and more. The improved intelligence about energy consumption and grid performance provided by Bit Stew’s MIx solutions have enabled BC Hydro to create a self-forming and self-healing grid, and improve energy performance throughout British Columbia.
“Today, BC Hydro’s smart meter deployment is recognized by the global utility industry as the standard of excellence for smart grids and we are proud of Bit Stew’s role in their success,” adds Michele.
About Bit Stew Systems
Bit Stew provides the premier platform for handling complex data integration, data analysis, and predictive automation for connected devices on the Industrial Internet of Things (IIoT). Purpose-built for the IIoT, Bit Stew’s MIx Core™ platform solves the data integration challenge at scale for complex industrial data environments. In 2015, Bit Stew was named to Greentech Media’s Grid Edge 20 list, as one of the top 20 innovators architecting the future of the electric power industry, and was ranked as one of the Top 100 Analytics Companies and Top 100 IoT Startups by Forbes. Incorporated in 2009, Bit Stew is a venture-backed private company that is headquartered in Canada with offices in the USA, Australia and Europe. Visit http://www.bitstew.com to learn more.
For more information, contact:
Karen Dosanjh, Senior Director, Marketing & Communications
Bit Stew Systems
Phone: (604) 328-5171
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