Two important tech companies, SAP SE and Siemens have announced an extension of their worldwide agreement in smart metering to collectively go-to-market in India and sustain the Federal government’s target of installing 130 million Smart Meters by 2021. This participating effort is meant to resolve several digital end-to-end organization situations for energy and utility industry of India.
For India, smart meters will certainly play important role in handing power distribution firms the capacity to attend to payment inefficiencies, distribution losses, as well as managing peak load, while enhancing the client experience. The average technological, as well as business losses for State Distribution Companies, is presently at around 25.3%. The ‘SAP Meter Information Management by Siemens’ service aims to address this void by allowing firms to integrate real-time processing of big data produced by connected meters and also sensors to give better insight as well as a control into energy.
Dr. Harald Griem, Executive Vice President and Head – Energy Management Division, Siemens Ltd said, “With energy demand expected to overtake supply, spiraling costs, and increasing pressures to reduce carbon emissions, the energy sector needs new ways to meet these challenges. ‘SAP Meter Data Management by Siemens’ solution will provide energy distribution companies the capabilities of real-time power quality analysis combined with customer analytics. This provides a powerful value proposition to the companies that, simply put, will minimize their losses and help them function better, thus augmenting the growth of the sector.”
Hemant Dabke, who is Vice President, Strategic Industries, SAP Indian Subcontinent also said in a statement, “India’s energy demand is expected to increase manifold in the coming decade.” He further added, “To meet this demand while enabling constant growth, the energy sector needs to continue its push towards digital transformation. Siemens and SAP have long-standing relationships with utilities and municipalities, this furthers our aim towards propelling digitization of the sector. By presenting powerful opportunities to leverage IoT capabilities we together will transform the landscape for current and future energy market players.”