View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
December 9, 2008

Cordys aims smart metering at utilities

Regulatory, productivity requirements demand new technology

By Jason Stamper

Business process management (BPM) firm Cordys said it is unveiling a new smart metering solution developed for the utility sector at this year’s Smart Utility 2008 show in London this week.

The utilities market is being driven by a number of demands from regulators, as well as experiencing constant pressure to improve productivity and lower costs. One of the initiatives currently being introduced in the UK to address these demands, is the implementation of smart meters for consumers and businesses alike.

Ofgem, the UK energy regulator, is embarking on the first large scale trial of advanced energy meters in Britain, in a £10m scheme that will affect over 15,000 households. Smart metering will have a dramatic impact on the entire utility industry, ranging from the grid operators, through to the domestic and business retail energy suppliers. 

Wayne Parslow, CEO, Cordys UK, said: “The utility market is currently experiencing a number of challenges, as it balances competing demands from consumers, shareholders, regulators and the Green lobby. In the current economic climate, it is essential that organisations improve their operational productivity and business performance whilst still meeting the ever changing compliance and regulatory requirements.”

“When managing and improving business processes, the complexity of information systems can quickly begin to limit rather than enable business change,” said Parslow. “Cordys has developed its smart metering data collection and process enabled application to deliver to the market an integrated all-in-one solution.”

Cordys said it has already successfully delivered integration and business process centric solutions to a number of European energy and utility companies to support initiatives such as smart metering, complaints handling, inspection management and other business critical processes; and is now turning its attention to the UK.

 “The Cordys smart metering solution is uniquely suited to this role,” added Jon Pyke, chief strategy officer, Cordys. “Underpinned by the Cordys Business Operations Platform (BOP), it provides a unified view of customers, finance, assets and operations, enabling greater business flexibility and allowing utility companies to transform their ability to meet the challenges ahead.”
 
The Smart Utility 2008 show is in London this week from 9-10 December.

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU