October 16, 2024 at 01:33AM
IBM has acquired Prescinto, a Bangalore-based asset performance management software provider, enhancing its Maximo Application Suite for renewable energy. Prescinto, active in 14 countries, manages significant infrastructure. In a related event, Binance assisted police in dismantling a scam in Delhi targeting solar investors, resulting in multiple arrests.
### Meeting Notes Takeaways:
1. **Acquisition Announcement**:
– IBM has acquired Prescinto, an asset performance management software provider based in Bangalore, focusing on renewable energy.
2. **Prescinto’s Impact**:
– Since its launch in 2016, Prescinto has gained customers in 14 countries and manages infrastructure worth 16 gigawatts.
– The scale of managed infrastructure is comparable to all wind-powered electricity generation launched in the EU during 2022.
3. **Enhancements to IBM’s Offerings**:
– The acquisition is expected to strengthen IBM’s Maximo Application Suite (MAS), which is already involved in asset lifecycle management across various sectors including water, natural gas, oil, and nuclear assets.
4. **Technological Capabilities**:
– Prescinto’s software can utilize visual recognition to monitor and maintain solar panel efficiency, enabling proactive maintenance and real-time performance tracking.
5. **Market Context**:
– The EU is projected to average 20 gigawatts of new wind energy generation annually from 2023 to 2027, indicating a growing market for such technologies.
6. **Security Incident Involving Binance**:
– Binance partnered with Delhi Police to shut down a solar investment scam led by “M/s Goldcoat Solar,” which falsely claimed governmental backing.
– The investigation led to multiple arrests and the recovery of over 100,000 USDT.
7. **Market Position**:
– International Data Corp (IDC) ranks IBM highly in asset lifecycle management, accounting for 10.8% market share in 2023.
8. **Partnership Development**:
– IBM has formed a partnership with Japan’s NTT Comware to enhance MAS for managing air conditioning in data centers.
These key points encapsulate the significant developments and implications for IBM in the renewable energy sector and the broader market landscape.