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Redwood Shores, CA, United States, 2012/07/26 - New Application Helps Utilities Manage “Smart Device” Assets for Greater Operational Efficiency. NYSE, NASDAQ: ORCL
Oracle has announced the availability of Oracle Utilities Operational Device Management which helps utilities manage the change, configuration and inventory of smart grid assets for improved operational efficiency.
Developed to meet the asset management needs of “smart devices” in a utility’s distribution infrastructure, the new software manages devices, such as meters, access points or communication relays and communication components attached to various devices that are too complex for traditional asset management systems.
New smart-grid microprocessor-based devices must be managed closely throughout their lifecycle for configuration changes, firmware updates and security and compatibility issues. Oracle Utilities Operational Device Management handles critical functions, such as managing and tracking updates and patches, as well as supporting governance and regulatory audits and smart grid Network Operations Center (NOC) processes.
Oracle Utilities Operational Device Management is built on open standards and is therefore compatible with Oracle Utilities Meter Data Management and other third-party meter data management solutions to provide complete and reliable smart grid operations based on customer choice.
“The addition of ‘smart devices’ into the utility infrastructure is changing business operations across the enterprise. Utilities have been challenged to manage these new operations efficiently as traditional asset management systems cannot handle the complexity,” said Rodger Smith, senior vice president and general manager, Oracle Utilities. “Oracle Utilities Operational Device Management helps manage the intricacy of smart devices with more speed, accuracy and cost savings, which will lead to greater operational efficiencies for utilities.”
About Oracle Utilities
Oracle Utilities delivers proven software applications that help utilities of all types and sizes achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware, database technologies, as well as servers and storage. The software enables customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands and deliver on environmental conservation commitments. Additionally, Oracle Utilities helps utilities prepare for smart metering and smart grid initiatives that enhance efficiency and provide critical intelligence metrics that can help drive more-informed energy and water usage decisions for consumers and businesses.
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit oracle.com.
About Oracle in Industries
Oracle industry solutions leverage the company's best-in-class portfolio of products to address complex business processes relevant to utilities, helping speed time to market, reduce costs, and gain a competitive edge.
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Janice Hazen, O’Keeffe & Company
P: +1 443-759-8151 - E: jhazen[.]okco.com.