State Grid Shaanxi Electric Power Company (Shaanxi Electric), which constructs and operates electric power grids in China’s Shaanxi province, and CBI member Accenture (NYSE: ACN) have developed and launched a new digital asset management system that collects and gives the electric company access to all asset life cycle information in a single tool, enabling it to glean predictive insights for improved real-time decision making.
Targeted benefits include lower capital and operational costs, reduced risk to people and assets, and enhanced operational performance. As part of the project, Accenture designed, developed and implemented the digital life cycle asset management system, based on the internet of things (IoT) and mobile technologies. The system connects, integrates and analyzes data from numerous devices – such as transformers, circuit breakers, relays and other grid assets – across their full life cycle.
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