San Mateo, CA (PRWEB) July 14, 2015
Space‐Time Insight, the leading provider of situational intelligence solutions, today announced the availability of version 2.0 of its Outage Intelligence application. The software helps utilities predict, prevent, detect, assess and respond to power outages more quickly and confidently.
According to the Consortium for Electric Infrastructure to Support a Digital Society, the U.S. economy loses $104 - $164 billion per year to unplanned power outages even after utilities have implemented an outage management system (OMS) under normal operating and external conditions. A major utility serving a large urban area can experience 10,000 total outages in a year. For a utility with one million customers, reducing the duration of a single major outage by 10 percent can save tens of millions of dollars.
Outage Intelligence extends the value of outage management systems by helping utilities reduce the duration and frequency of outages. The software:
- Identifies incipient power outages earlier than before
- Gives utility customers more accurate estimates of when power will be restored
- Ensures power is restored to customers that outage management systems can’t detect
- Estimates and monitors the impact of outages on regulatory reliability measures such as SAIDI
- Prioritizes power restoration efforts based on consequences to critical infrastructure, such as hospitals
“The more proactive utilities are in forecasting and detecting outages, the more they minimize disruption,” says Ajay Madwesh, vice president of utility business solutions at Space-Time Insight. "Outage Intelligence uses advanced analytics to notify utilities of impending outages often before customers call or SCADA systems issue a warning."
Outage Intelligence is integrated with a range of outage management, workforce management, weather and other systems that are vital to restoring lost power. The application is commonly implemented in a manner of months for rapid impact on outage operations and analytics.
View a video demonstration of Outage Intelligence at http://bit.ly/outage-intel.
About Space-Time Insight
Space-Time Insight helps companies in asset-intensive industries make faster, more-informed decisions. Our real-time visual analytics applications correlate, analyze, and visualize large volumes of business, operational and external data, spatially, over time and across network nodes. Space-Time Insight’s award-winning software powers mission-critical systems for some of the largest companies around the world, including eight of the twenty largest US utilities, helping them reliably, efficiently and economically deliver services and rapidly plan for and respond to a full range of operating events. Space-Time Insight partners with leaders in the industry including Accenture, Esri, IBM, NEC, OSIsoft, SAP, Siemens and Unicorn Systems. Space-Time Insight is privately held and based in San Mateo, CA. For more information, visit http://www.spacetimeinsight.com.
Space-Time Insight is a registered trademark of Space-Time Insight Inc.