SAP SE (NYSE: SAP) today announced plans to collaborate with energy and services company Centrica on solutions to help business customers better manage assets and energy consumption based on insights and connectivity available through the Internet of Things (IoT).
The collaboration will initially 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 bringing together IoT, analytics, Big Data, machine learning and blockchain on SAP Cloud Platform using design thinking services. With over 40,000 sensors installed worldwide, Panoramic Power is a leading device level energy management solution that combines self-powered wireless sensors with analytics to give businesses real-time visibility into facility and device-level performance.
“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.”
SAP and Centrica will also work to explore opportunities to develop energy IoT solutions for commercial and industrial customers, integrating Panoramic Power technology and machine learning algorithms running on SAP Leonardo IoT capabilities with SAP Asset Intelligence Network, a cloud-based asset information repository connecting manufacturers, operators and third-party providers to improve collaboration on industrial machinery, and the SAP Predictive Maintenance and Service solution with IoT energy capabilities and functionality.
Centrica’s Distributed Energy and Power business has been established to help businesses and other large energy users to take control of their energy through a combination of energy insight, asset optimization and innovative energy solutions that include on-site energy storage and generation.
“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.”
SAP Leonardo IoT capabilities for connected assets help companies track, monitor, analyze and maintain fixed assets by connecting production systems and assets with manufacturing and maintenance business processes to reduce operational and maintenance cost and increase uptime of assets. The collaboration with Centrica will explore additional benefits in energy efficiency, optimization, compliance initiatives and machine learning.
Jim Dever, SAP, +1 (610) 661-2161, firstname.lastname@example.org, ET
Kyle Tildsley, PAN Communications, +1 (617) 503-4352, email@example.com, ET
Emily Highmore-Talbot, Centrica, +44 7557 614936, firstname.lastname@example.org, GMT
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