Accenture Delivers Digital Asset Management Program to Help Shaanxi Electric Boost Performance and Reduce Operating Costs
May 13 2018 - 8:59PM
Business Wire
State Grid Shaanxi Electric Power Company (Shaanxi Electric),
which constructs and operates electric power grids in China’s
Shaanxi province, and 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.
Onsite workers use mobile devices to communicate with RFID tags
fixed to equipment for any operation, which collect large amounts
of operational data. Mobile applications developed by Accenture in
collaboration with Shaanxi Electric support this process and focus
on several key areas, including supplies receipt and distribution,
infrastructure installation and testing, equipment inspection, and
asset verification. Accenture also helped Shaanxi Electric move
these applications from a local server to a private cloud
environment.
In the back office, this data can be analyzed through an
IoT-based platform, developed by Accenture, that uses advanced
predictive analytics to generate insights, enabling real-time asset
health and performance management to improve productivity. The new
system should also help Shaanxi Electric better track purchase
orders, calculate construction costs and record maintenance
logs.
“We are very happy to be working with Accenture to implement
this new digital asset management system, and we’re confident it
will not only help us achieve significant maintenance cost savings,
but also boost performance to enable us to better serve our
customers,” said Genzhou Zhang, deputy chief information officer of
Shaanxi Electric. “The new solution will provide us with better
service quality, due to increased power supply stability and fewer
outages, driven by improved device operation performance.”
Doreen Deng, a managing director in Accenture’s Resources
practice in Greater China and client account lead for Shaanxi
Electric, said, “This project will help Shaanxi Electric take
advantage of Industry X.0 technologies to lead asset
management into a new digital era. This will fundamentally
transform how Shaanxi Electric manages maintenance performance,
enabling real-time decision making based on predictive
insights.”
Accenture was selected by Shaanxi Electric for its industry
experience, expertise in successfully delivering enterprise asset
management programs globally, and an innovation-led approach. This
is backed by Accenture’s global portfolio of more than 6,000
patents and applications.
To develop the digital asset management system, Accenture
leveraged its local delivery network in Beijing and Shanghai.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions – underpinned by the world’s largest
delivery network – Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With approximately
442,000 people serving clients in more than 120 countries,
Accenture drives innovation to improve the way the world works and
lives. Visit us at www.accenture.com.
About Shaanxi Electric Power Company
Shaanxi Electric Power Company is a subsidiary of State Grid
Corporation of China. It constructs and operates power grids and
sells electricity as its core business. As the largest utilities
enterprise in Shaanxi Province, China, it plays a crucial role to
local energy security and as economic lifeline with a mission to
provide safer, cleaner, and more economical and sustainable power
supply. Shaanxi Electric operates as a group with total assets of
USD 9.77 billion and 22.7 thousand employees. Shaanxi Electric
provides power to over 6 million families in 11 municipalities with
its transmission line length reaching 35 thousand kilometres. Visit
Shaanxi Electric at www.sn.sgcc.com.cn.
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version on businesswire.com: https://www.businesswire.com/news/home/20180513005013/en/
AccentureGuy Cantwell, +1 281 900
9089guy.cantwell@accenture.comorMatt Corser, +44 755 784
9009matthew.corser@accenture.com
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