SAP has announced plans to work with Centrica on solutions to help business customers better manage assets and energy consumption based on insights and connectivity made available through the Internet of Things (IoT).
“Centrica and SAP have a long-standing relationship, and together we can support the digital transformation of the energy market, helping it to move to a more personalized, distributed software and services-based industry,” said Dr. Tanja Rueckert, president, IoT and Digital Supply Chain, SAP. “Combining connected energy technology from Centrica with our innovative IoT solutions for connected assets promises new business value for our customers through the power of our growing SAP Leonardo ecosystem.”
According to SAP, the collaboration will mainly focus on the delivery of Panoramic Power energy insights technology from Centrica’s Distributed Energy and Power business and SAP Leonardo, SAP’s digital innovation system. This will bring together IoT, analytics, Big Data, machine learning and blockchain on SAP Cloud Platform using design thinking services.
Panoramic Power is a leading device level energy management solution from Centrica that combines self-powered wireless sensors with analytics to give businesses real-time visibility into facility and device-level performance. With over 40,000 sensors worldwide, it is as efficient as the system can get right now.
The two companies will also work on exploring options to develop energy IoT solutions for commercial and industrial customers using SAP Leonardo and integrating Panoramic Power technology and machine learning algorithms running on it with SAP Asset Intelligence Network, a cloud-based asset information repository connecting manufacturers, operators and third-party providers.
“The advent of the Internet of Things is having a huge impact on the way businesses design, operate, maintain and monitor their assets,” said Yaniv Vardi, a regional director of Centrica Distributed Energy and Power. “With Panoramic Power, Centrica offers cloud-based solutions that deliver energy and operational insights. We are pleased to work with SAP on energy IoT, coupling the expertise and capabilities of SAP and Centrica to provide customers with unique solutions for the digital management of their assets.”