San Mateo, Calif. (PRWEB) May 23, 2016
Space‐Time Insight, the leading provider of situational intelligence solutions, today announced the launch of its Singapore subsidiary focused on innovation with and for the Asia Pacific region’s utilities.
NEC Asia Pacific and the region’s leading utility company based in Singapore have joined forces with the new subsidiary. The partners will localize and extend the functionality of situational intelligence applications from Space-Time Insight for deployment across the region. Drawing on the utility’s ownership and operation of electricity and gas transmission and distribution businesses throughout the Pacific, this collaborative co-innovation effort will provide an advanced analytics platform designed to help utility companies across the region. The analytics platform will significantly enhance the operations, planning and performance of grid assets through data-driven insights.
“Utilities in Asia Pacific need to support the growing renewable generation and energy-intensive appliances in their distribution networks,” says Eiji Naka, Director of the Smart Energy Division, NEC Asia Pacific. “This collaboration between NEC Asia Pacific, Space-Time Insight and the utility company will optimize existing assets and capital investments to deliver reliable energy-intensive services to commercial and residential customers.”
The partners will first focus on deploying Asset Intelligence and Outage Intelligence applications within the region. Asset Intelligence comprehensively assesses the risk of asset failure and under-performance using advanced planning and remediation techniques to drive strategic, financial and operational initiatives. Outage Intelligence extends the value of outage management systems with analytics that helps utilities further reduce the duration and frequency of outages.
“The utility industry is undergoing a major transformation, and we’re continually looking for ways to better serve our customers during this transition,” says Rob Massoudi, SVP of Business Development at Space-Time Insight. “Combining analytics solutions from Space-Time Insight with the operational know-how, reputation and market reach of our partners in this collaboration will deliver essential business and operational capabilities to our customers for success in the emerging energy market.”
About Space-Time Insight
Space-Time Insight liberates companies in asset-intensive industries from a fragmented view of the big picture, providing the context and clarity they need to make fast, confident decisions. Using spatial, temporal and nodal analysis, our IoT-ready real-time visual analytics applications illuminate the what, where, when, why and how of every asset and situation. Space-Time Insight’s award-winning situational intelligence software powers mission-critical systems for some of the largest companies around the world, including eight of the twenty largest US utilities. We partner 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.