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June 5, 2014
Industry leaders to increase system visibility, operational intelligence and efficiency
LIBERTY LAKE, Wash. - June 5, 2014 - Itron, Inc. (NASDAQ: ITRI) announced today that it will collaborate with OSIsoft, LLC to expand the value of analytics for water utilities to improve insights and decisions. The companies are working together to enable data sharing between their solutions by integrating OSIsoft's PI System™, the leading real-time infrastructure for streaming data and events, with Itron Analytics, a leading analytics application providing business intelligence. The integration is designed to enable water utilities to analyze performance of the distribution network in real-time. Integration work is expected to be complete by the end of 2014.
Itron Analytics harnesses the value of data generated by utility smart distribution investments, and OSIsoft's PI System collects data from more than 400 disparate data systems and sources, including SCADA and other operational systems. The integration will enable utilities to take data collected from multiple sources that are not traditionally tied together and analyze it within Itron Analytics to create actionable information. This will give utilities greater visibility into their systems in real-time to detect trends, respond to events more rapidly and optimize operations of their systems. For example, utilities can integrate data from Itron's advanced metering infrastructure (AMI) solution with bulk water meter consumption data stored in the PI System, improving district metering calculations.
With this integration, utilities can better maintain existing assets, make the best use of current infrastructure and plan for system upgrades that maximize their return on investment. In addition, Itron customers can store consumption data from Itron's AMI solution within the PI System, allowing them to distribute data across the enterprise and make process improvements across utility departments.
“Itron is excited to expand our relationship with OSIsoft and enhance the value of Itron Analytics. With this collaboration, our customers will benefit from access to more data than ever before, so they can better manage their systems and improve operational performance,” said Paula Billingham, vice president of sales, marketing and delivery for Water North America at Itron. “Itron is always striving to help our customers better manage water to create a more resourceful world.”
“OSIsoft looks forward to this new collaboration with Itron, which will empower utilities to improve operational insight and decisions,” said Tim Johnson, director, Partners and Strategic Alliances at OSIsoft. “With smarter connected machines and equipment, there is a huge volume of streaming data available for decision making. Combining the PI System and Itron Analytics will enable utility companies to take full advantage of their data and infrastructure investments to improve distribution efficiency.”
To learn more about Itron and OSIsoft's collaboration, visit Itron booth #1806 at ACE14.
Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. We provide comprehensive solutions that measure, manage and analyze energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. With thousands of employees supporting nearly 8,000 customers in more than 100 countries, Itron applies knowledge and technology to better manage energy and water resources. Together, we can create a more resourceful world. Join us: www.itron.com.
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About OSIsoft, LLC.
OSIsoft, a global leader in operational intelligence, delivers an open enterprise infrastructure to connect sensor-based data, operations and people to enable real-time and actionable insights. As the maker of the PI System, OSIsoft empowers companies across a range of industries in activities such as exploration, extraction, production, generation, process and discrete manufacturing, distribution and services to leverage streaming data to optimize and enrich their businesses. For over thirty years, OSIsoft customers have embraced the PI System to deliver process, quality, energy, regulatory compliance, safety, security and asset health improvements across their operations. Founded in 1980, OSIsoft is a privately-held company, headquartered in San Leandro, California, U.S.A, with offices around the world.
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