SAP SE and Siemens announced extension of their global agreement in smart metering to jointly go-to-market in India and support the Government’s target of installing 130 million smart meters by 2021. This cooperative effort is intended to address multiple digital end-to-end business scenarios for energy and utility sector of India.
For India, smart meters will play pivotal role in handing power distribution companies the ability to address billing inefficiencies, distribution losses, and managing peak load, while enhancing customer experience. The average technical and commercial losses for state distribution companies are currently at around 25.3 per cent.
The ‘SAP Meter Data Management by Siemens’ solution aims to address this gap by enabling companies to integrate real-time processing of Big data generated by connected meters and sensors to provide better insight and control into energy.