Space-Time Insight and Enovation Partners Collaborate to Bring RealTime Visual Analytics to Natural Gas Operations
Chicago, Il. and San Mateo, Calif., June 24, 2015 – Space‐Time Insight, the leading provider of next-generation situational intelligence solutions, is teaming with Enovation Partners, advisors to the energy and infrastructure industries focusing on innovation and growth, to provide advanced visualization and predictive analytics to natural gas transmission and distribution operators.
Natural gas is currently experiencing increased demand thanks to low costs, growing supplies, and reduced environmental impact compared to traditional power generation. In many regions, transmission and distribution pipeline operators are strengthening and expanding their systems, leading to new capex, income and shareholder value. While new build is on the rise, there remain significant T&D assets that are aging. Despite growing pressure for new levels of safety from customers and regulators, the frequency of recent pipeline incidents has remained constant and severity has been trending slightly upward.
Space-Time Insight combines data from many different pipeline sources to provide real-time spatial analysis and help companies anticipate system problems and maintenance – and provide not only compliance assurance to regulators and customers, but also advanced approaches to gas integrity management. This allows professionals in pipeline-related businesses to address their toughest challenges:
- Achieving maximum risk reduction per dollar invested through robust, dynamic evaluation of the health, criticality and risk of their asset portfolios
- Employing multiple data source for real-time intervention to avoid potential system incidents
- Reducing complexity, cost, and risk by implementing a consistent approach to asset condition assessment and reliability centered maintenance
- Deploying an end-to-end methodology for efficient and effective asset investment planning
Enovation Partners and its natural gas team offer a comprehensive integrity management assessment program and a solution focused on risk-based compliance assurance for construction, leak detection and other inspection functions. Now, in collaboration with Space-Time Insight, Enovation can enhance those programs with cutting-edge situational intelligence and predictive analytics.
“First and foremost, transmission and distribution operators have to provide assurances to the public, employees, investors, and regulators that they can manage their pipelines safely and effective,” said Matthew Guarini, Director at Enovation Partners. “Whether operators are in the upstream, midstream, or downstream segment, they require real-time analytics that can actually use the mountains of data available from their assets to identify and act on operational events and optimize planning.”
“To solve the most critical challenges that natural gas pipeline operators face, Space-Time Insight sought a partner with recognized strengths in the gas T&D industry and specifically integrity management,” said Ajay Madwesh, VP Utilities IBU and Solutions, Space-Time Insight. “The combination of Enovation Partners’ extensive gas experience and the real-time analytics capabilities of Space-Time Insight creates the precise knowledge suppliers need to provide safe, reliable and affordable service.”
About Enovation Partners
Enovation Partners, is an advisory firm focused on growth and innovation in the energy sector, serving leading utilities, suppliers and investors. We serve clients using multidisciplinary teams of seasoned energy experts — top tier strategy consultants, former industry executives, energy investors, and developers—that combine expertise in technology, operations, regulation and markets to produce real business results, rapidly For more information, please visit www.enovationpartners.com.
About Space-Time Insight
Space-Time Insight helps companies in asset-intensive industries make faster, more-informed decisions. Our real-time visual analytics applications correlate, analyze, and visualize large volumes of business, operational and external data, spatially, over time and across network nodes. Space-Time Insight’s award-winning software powers mission-critical systems for some of the largest companies around the world, including eight of the twenty largest US utilities, helping them reliably, efficiently and economically deliver services and rapidly plan for and respond to a full range of operating events. Space-Time Insight partners with leaders in the industry including Accenture, Esri, IBM, NEC, OSIsoft, SAP, Siemens and Unicorn Systems. Space-Time Insight is privately held and based in San Mateo, CA. For more information, visit www.spacetimeinsight.com.
Space-Time Insight is a registered trademark of Space-Time Insight Inc.
For more information:
Eric R. Blume
Enovation Partners, LLC
Blanc & Otus