IBM has acquired Prescinto, a company specializing in asset performance management software for renewable energy, enhancing IBM’s Maximo Application Suite with AI-driven capabilities. This integration will allow for advanced monitoring, analytics and automation of renewable energy assets like solar and wind, aligning with IBM’s strategy to bolster its presence in the energy and utility sector. The global utilities asset management market is anticipated to see significant growth and this acquisition positions IBM to capitalize on this trend.
The incorporation of Prescinto’s technology into IBM’s suite will enable more effective tracking and monitoring of renewable energy assets, facilitating near real-time insights. This will aid in pinpointing the root causes of underperformance and suggesting corrective actions to optimize energy output. For the energy sector, this represents a significant advancement in the management and optimization of renewable resources, supporting the industry’s move toward sustainable and net-zero objectives.
By enhancing the performance and efficiency of renewable energy systems, IBM aims to help its clients meet their sustainability goals. This proactive approach is essential as more companies commit to sustainability practices, adopting renewable energy to reduce emissions and lower operational costs.
