SHANGHAI — Envision Energy, an energy management company, announced that it has selected ParStream to provide an analytics solution for the Internet of Things (IoT). The platform is designed to help companies generate timely, actionable insights from IoT data by providing differentiated ways to analyze streaming and historical data — fast, flexibly, and close to the source, said the company.
“Envision is a global leader in the world of renewable energy management and we are thrilled to be working together to help drive greater business benefits through the use of analytics,” said Peter Jensen, ParStream CEO. “ParStream’s customers are generating more value from their IoT applications by analyzing real-time data and quickly identifying actionable outcomes.”
With ParStream’s IoT analytics platform, Envision will monitor real-time data from 13 GW of renewable energy assets and analyze historical data to optimize operational performance and reduce downtime through predictive maintenance. Envision expects an overall 10-15 percent improvement in productivity by applying analytics to real-time sensor data from its wind turbines.
“Envision constantly seeks the most innovative solutions to improve products and services. We will optimize turbine performance and reduce down-time through the analysis of more real-time data with greater granularity,” said Dr. Guido Jouret, president of Envision Digital Innovation Center. “ParStream’s analytics of terabytes of data with sub-second response times further improves our ability to generate significant value from our IoT applications.”
For more information about ParStream, visit www.parstream.com.
For more information about Envision Energy, visit www.envisioncn.com.
Publication date: 2/23/2015