Deloitte India, IPS Energy Partner To Enable Data-Driven Asset Management In Utilities

New Delhi, Jun 18 (KNN) Deloitte India and IPS Intelligent Process Solutions GmbH have announced a strategic alliance to deliver asset lifecycle and grid support solutions to the power sector, combining IPS Energy's specialist platforms with Deloitte's implementation and domain capabilities.

The alliance will bring together IPS Energy's asset performance management and asset investment planning platforms with Deloitte India's sector experience to help utilities improve asset reliability, maintenance planning and digital transformation. 

The collaboration is aimed at helping utilities move away from fragmented and reactive asset management practices towards more connected, data-led decision-making across transmission, distribution and generation environments, Deloitte said in a release.

Anujesh Dwivedi, Partner, Deloitte India, said, “Through this strategic alliance with IPS Energy, Deloitte will use its core industry expertise in the energy space along with its global implementation expertise to deliver scalable, integrated solutions that drive digital transformation for our utility sector clients.”

At the core of the alliance are IPS Energy's asset-related platforms, which embed predictive maintenance and advanced analytics to help utilities identify risks earlier, prioritise maintenance more effectively and improve visibility into asset health and investment needs. 

Deloitte India will lead the deployment and integration of these solutions, tailoring the approach to individual utility requirements and broader transformation priorities.

Michael Schneider, CEO, IPS Energy, noted, “This partnership brings together leading electric power utility solutions from IPS Energy and extensive domain and implementation expertise from Deloitte in helping our clients through their digitalisation journey.”

The two firms said they intend to expand the scope of their joint offerings over time, enhancing analytics capabilities and deepening integration across the utility value chain.

(KNN Bureau)