Big Data Analytics to Improve Grid Reliability, Reduce Costs and Enhance Customer Management
Redwood City, CA, and Hopkinton, MA – December 14, 2011 -Silver Spring Networks, a leading networking platform and solutions provider for the smart grid, and EMC Corporation (NYSE: EMC) today announced an expanded relationship to provide a smart grid analytics solution for the utility industry. This solution will empower utilities with advanced insights from the data generated from the millions of devices on the smart grid and across the utility enterprise.
Utilities are facing a Big Data challenge in which massive amounts of data are being generated but with limited tools to derive value from it. With the new analytics solution, data from across the utility enterprise, ranging from grid operations to customer information systems, will be combined and correlated to improve grid reliability, reduce operational cost and enhance customer management. The solution will leverage the EMC Greenplum® Unified Analytics Platform to build the Silver Spring analytics engine to deliver a secure and standards-based interface supporting Silver Spring, utility and third party application development. Together, Silver Spring and a team of EMC data scientists are creating purpose-built algorithms capable of analyzing smart grid data to make it actionable and valuable to utilities and their customers. This solution will be available to all utilities, regardless of their smart grid networking technology, MDM solution or other legacy systems.
“The promise of networking millions of homes and businesses has always been about improving utilities operational effectiveness and service for their customers. Using advanced analytics is a natural step towards this objective,” said Scott Lang, CEO, President and Chairman, Silver Spring Networks. “As a global leader of innovation, technology and demonstrated commitment to unlocking value for their clients, we are thrilled to be working with EMC and we look forward to benefiting from their experience and expertise.”
“Utility companies are rich with invaluable data, from the back office to the network edge, and have an unprecedented opportunity to maximize Big Data solutions to transform their businesses and vastly improve the services they deliver. Silver Spring Networks is a proven leader and pioneer in delivering open standards-based technology to the global utility industry, and an ideal partner for EMC as we extend our Big Data solutions into this key industry segment,” said Bill Cook,President and General Manager of Greenplum, a division of EMC. “Together, Silver Spring Networks and EMC are working to enable smart grid information to be utilized in ways never before possible, to reveal relevant trend patterns and uncover new insights hidden within.”
About Silver Spring Networks
Silver Spring Networks provides a leading networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid, helping utilities to achieve operational efficiencies, reduce carbon emissions and empower their customers with new ways to monitor and manage their energy consumption. Silver Spring provides the hardware, software and services that allow utilities to deploy and run multiple smart grid solutions, including Advanced Metering, Distribution Automation and Demand Side Management, over a single, unified network. Silver Spring’s Smart Energy Platform is based on open, Internet Protocol (IPv6) standards, allowing continuous, two-way communication between the utility and devices on the grid. Silver Spring has numerous deployments with leading utilities around the world, including Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric and Pepco Holdings, Inc. among others. For additional information, please visit www.silverspringnet.com.
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.
EMC and Greenplum are registered trademarks of EMC Corporation in the United States and other countries. All other trademarks used herein are the property of their respective owners.
This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.’s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC’s filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
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