Faster access to critical data
GE and Accenture Announce Breakthrough Industrial Internet Technology
HOUSTON, Texas - September 8, 2014 - GE (NYSE: GE) and Accenture (NYSE: ACN) today announced the launch of the Intelligent Pipeline Solution, the first-ever Industrial Internet offering to help pipeline operators make better decisions concerning the condition of their critical machines and assets in the oil and gas pipeline industry. It combines Pipeline Management, a GE Predictivity software solution powered by the PredixTM platform, with Accenture's digital technology and systems integration capabilities, to help customers make better, faster decisions on their pipeline operations to improve safety and prevent costly downtime. Columbia Pipeline Group (CPG), strategically located within the Marcellus and Utica shale plays, will be the first customer to implement this breakthrough technology across its network of 15,000 miles of interstate natural gas pipelines.
"We need an agile and comprehensive pipeline solution that could be delivered quickly and allows for a more real-time view of pipeline integrity across our interstate natural gas pipelines," said Shawn Patterson, president, operations and project delivery, Columbia Pipeline Group. "GE’s industrial Internet software platform and extensive pipeline equipment and inspection capabilities combined with Accenture’s strong industry knowledge, digital capabilities and experience with business process and systems integration made them the clear choice for CPG."
"Pipeline Management helps customers proactively make the right decisions at the right time to keep their assets safe," said Brian Palmer, president and CEO, GE Measurement & Control. “We’ve delivered a comprehensive software solution that helps operators prioritize where valuable resources are needed most and respond to potential events with a higher level of confidence. We anticipate transportation pipeline companies using the solution will see operational efficiency improvements in integrity, maintenance, safety and regulatory compliance.”
Current transmission pipeline infrastructure stretches across nearly 2 million miles globally1. Considerable amounts of natural gas transported in the United States are coming from the Marcellus and Utica shale plays, and operators like Columbia are looking for ways to keep up with current demand. Much of the U.S. pipeline infrastructure has been in place for at least 20 years2, and operators are taking added precautions to ensure safety remains at the forefront when transporting increased production volumes from shale formations. Pipeline companies are investing up to $40 billion a year3 to expand, maintain and modernize existing infrastructure. To help make the most of these significant investments, operators increasingly require more robust data, real-time workforce planning and information to optimize the safe performance of these networks and relevant systems.
“Accenture and GE have unveiled a breakthrough solution with a global standard for pipeline safety and productivity,” said Peggy Kostial, senior managing director for Accenture’s North America resources operating group. “We are excited about complementing GE’s industrial software experience with Accenture’s deep industry experience in system integration and change management services that are needed to unlock the true value of Intelligent Pipeline Solution. This is a tremendous opportunity to use advanced analytics and digital technologies to help Columbia Pipeline Group address its key industry challenges.”
The Intelligent Pipeline Solution is the first industry solution co-developed and brought to market as part of a strategic global alliance formed by GE and Accenture in 2013. Together they will develop technology and analytics applications that help wide-ranging industries take advantage of the massive amounts of data generated through business operations.
Learn more at Intelligent Pipeline Solution.
- PII Pipeline Database (Summary of Infield Systems, Global Data DOT and CIA world fact book databases).
- Douglas Westwood market reports, FERC, CIA World Factbook
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge-mcs.com.
About GE Oil & Gas
GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future.
Accenture is a global management consulting, technology services and outsourcing company, with more than 293,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com
For more information, contact:
GE Oil & Gas
T: 281 921 5123
T: 925 242 6896
T: 713 982 8336 / 281 900 9089
T: +44 207 844 0090 / +44 7500 124 567