Oracle offers cloud-based smart grid and IoT device management
March 28, 2017
Oracle has introduced the ODCS operational device cloud service to let utilities further automate the management of their grid assets and devices, at a lower cost of ownership.
The utilities industry is going through transformation as a result of the IoT and increasing distributed energy resources. The USA alone has more than 70 million smart meters installed and utilities are increasingly deploying smart field sensors.
As each smart device has its own unique requirements for maintenance, inspection, firmware upgrades and security, utilities are struggling to manage the lifecycle of these assets in a single, centralised way. In response to these challenges, the California-based computer technology company has unveiled a cloud-based version of its operational device management system that provides a scalable and future-proof way to manage IoT device operations.
Available as a stand-alone cloud service, ODSC automates the management of smart grid and IoT devices. When combined with Oracle Utilities Work and Asset Management products, it delivers a unified cloud to extend asset performance management to smart devices at a massive scale. This complete visibility of smart assets delivers detailed insights into each device's location, characteristics, health and firmware upgrade status.
In addition, utilities can extend ODCS for customer–owned asset registration processes such as smart thermostats and solar PVs. Additionally, by leveraging the cloud, utilities can reduce their total cost of ownership.
"We're in front of the dramatic shifts the utilities industry is experiencing, providing new technologies that meet the needs of our customers as they navigate this changing landscape," said Rodger Smith, general manager and senior vice president for Oracle Utilities. "We're committed to innovation, and to providing cloud solutions that make operational excellence a reality for electric, gas and water utilities worldwide."
It can be added to Oracle Utilities’ work and asset cloud service and meter data analytics cloud service or used on its own depending on requirements.
The service proactively adjusts, updates and repairs smart grid and IoT devices as needed. It enables cost savings by eliminating labour costs due to physical data collection with automated processes. The total cost of ownership is reduced by using up-to-date IT infrastructure in the cloud and alleviating the need to maintain older systems continually. Risks of device failures can be found faster with increased visibility into the age and reliability of each device. And it can help prepare for asset registration capabilities of customer-owned assets.