European Utility Week 2014 Innovation Award Winner – Ventyx

Ventyx’s Outage Lifecycle Management solution wins the Innovation Award at European Utility Week.
Published: Fri 21 Nov 2014

In this live studio interview at European Utility Week, Laurent Pirard, VP Continental Europe, and John Stephenson, Director of Public Infrastructure Solutions, discuss Ventyx’s award winning Outage Lifecycle Management solution.

End-to-end solution

Ventyx Outage Lifecycle Management helps utilities manage every key business process in the outage management lifecycle – from planning and preparation, to communications with stakeholders, through to final restoration of service and regulatory reporting. This is done with one tool to avoid the complexity of using numerous systems that are perhaps difficult to integrate.

The benefits of this solution include:

  • Reducing the outage impact

  • Reducing outage duration

  • Regulatory compliance

  • Efficiently use resources

  • Improve customer and stakeholder satisfaction

Staying informed

The Ventyx Outage Lifecycle Management solution connects the control room with the grid in real time which enables utilities to isolate and restore the outage quickly, then prioritize repair work. The solution helps keep utility executives and their customers informed about the forecasted impact and restoration time. Pirard points out that the solution can help utilities reduce their outage reaction time by 30% without increasing operation costs.

Ventyx Outage Lifecycle Management transforms planned and unplanned outages by integrating smart equipment with industrial software for distribution management, outage management, mobile workforce management and business analytics to support the entire lifecycle of outage management from planning to restoration and continual improvement of response strategies.