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Accenture Delivers Digital Asset Management Program to Help Shaanxi Electric Boost Performance and Reduce Operating Costs

State Grid Shaanxi Electric Power Company (Shaanxi Electric), which constructs and operates electric power grids in China’s Shaanxi province, and Accenture (NYSE:ACN) have developed and launched a new digital asset management system that collects and gives the electric company access to all asset life cycle information in a single tool, enabling it to glean predictive insights for improved real-time decision making.

Targeted benefits include lower capital and operational costs, reduced risk to people and assets, and enhanced operational performance.

As part of the project, Accenture designed, developed and implemented the digital life cycle asset management system, based on the internet of things (IoT) and mobile technologies. The system connects, integrates and analyzes data from numerous devices – such as transformers, circuit breakers, relays and other grid assets – across their full life cycle.

Onsite workers use mobile devices to communicate with RFID tags fixed to equipment for any operation, which collect large amounts of operational data. Mobile applications developed by Accenture in collaboration with Shaanxi Electric support this process and focus on several key areas, including supplies receipt and distribution, infrastructure installation and testing, equipment inspection, and asset verification. Accenture also helped Shaanxi Electric move these applications from a local server to a private cloud environment.

In the back office, this data can be analyzed through an IoT-based platform, developed by Accenture, that uses advanced predictive analytics to generate insights, enabling real-time asset health and performance management to improve productivity. The new system should also help Shaanxi Electric better track purchase orders, calculate construction costs and record maintenance logs.

“We are very happy to be working with Accenture to implement this new digital asset management system, and we’re confident it will not only help us achieve significant maintenance cost savings, but also boost performance to enable us to better serve our customers,” said Genzhou Zhang, deputy chief information officer of Shaanxi Electric. “The new solution will provide us with better service quality, due to increased power supply stability and fewer outages, driven by improved device operation performance.”

Doreen Deng, a managing director in Accenture’s Resources practice in Greater China and client account lead for Shaanxi Electric, said, “This project will help Shaanxi Electric take advantage of Industry X.0 technologies to lead asset management into a new digital era. This will fundamentally transform how Shaanxi Electric manages maintenance performance, enabling real-time decision making based on predictive insights.”

Accenture was selected by Shaanxi Electric for its industry experience, expertise in successfully delivering enterprise asset management programs globally, and an innovation-led approach. This is backed by Accenture’s global portfolio of more than 6,000 patents and applications.

To develop the digital asset management system, Accenture leveraged its local delivery network in Beijing and Shanghai.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 442,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About Shaanxi Electric Power Company

Shaanxi Electric Power Company is a subsidiary of State Grid Corporation of China. It constructs and operates power grids and sells electricity as its core business. As the largest utilities enterprise in Shaanxi Province, China, it plays a crucial role to local energy security and as economic lifeline with a mission to provide safer, cleaner, and more economical and sustainable power supply. Shaanxi Electric operates as a group with total assets of USD 9.77 billion and 22.7 thousand employees. Shaanxi Electric provides power to over 6 million families in 11 municipalities with its transmission line length reaching 35 thousand kilometres. Visit Shaanxi Electric at www.sn.sgcc.com.cn.

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