IBM Patents Cloud-Based BPM System
IBM announced it has patented a cloud-based business process management (BPM) system and also a collaboration with an Indian renewable energy producer."The Indian power sector has doubled its capacity in the last 10 years and is projected to add another 100GW in next five years," said Tejpreet Chopra, president and CEO of BLP, in a statement. "With the issues facing fossil-based fuels, a good share of this growth will come from renewable energy sources. The scope of investments for renewables is estimated to be $10-12 billion in next five years making it ripe for global investments in India." BLP aims to address the sustainable-energy challenge by increasing its renewable energy generation capacity to one gigawatt (GW) over the next few years. The company focuses on wind, solar, biomass and hydro technologies for power generation and is exploring other advanced technologies such as energy storage, and smart grid to better integrate renewable energy to the grid. BLP also uses its years of expertise in building, owning and operating power plants around the globe to offer pre-development and post commissioning services to wind farm developers, operators, owners, investors and lenders. IBM will work with BLP to help the company manage, and use the vast amount of data generated by the power generation sources. With efficient and predictive analysis of data, energy producers can better manage their resources, take necessary precautionary measures, and improve overall productivity. IBM will deploy its SoftLayer cloud infrastructure as a service to centrally monitor and manage BLP’s existing and future generation plants as well as store and manage the data on cloud. "The focus of power generation globally, and especially in India, in the next five years is going to be about operational efficiency and productivity enhancements," said Balki Iyer, chief development officer at BLP, in a statement. "This requires an intelligent and innovative collaboration between the power and the IT sector. BLP has ambitious growth plans for providing this service and we needed a strategic partner who understands, and helps us realize, our vision. A significant factor in selecting IBM was its rich global experience in the renewable energy sector and scalable technology capabilities that suits our requirement."
The solution is expected to significantly improve BLP’s Plant Load Factor (PLF), which is essentially the generation efficiency of the installed capacity. IBM will also bring its subject matter experts to help BLP take effective business decisions and make efficient planning, based on the data analysis.