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Industrial enterprise software supplier Ventyx, an ABB company, has announced the availability of its asset performance software portfolio for managing assets, operations and smart grid analytics in a hybrid or full-cloud model.

The company notes that it chose to host the software in Microsoft's Azure cloud platform due to the broad use of Microsoft throughout the utility industry and will deliver the application as a service through its managed services group.

Ventyx says that by leveraging its industry experts and technology in a solution-as-a-service model, utilities can reduce upfront capital investments in new equipment and software, lower information technology staff and implementation costs, and quickly deploy the latest asset performance management applications.

"Utilities are under more pressure than ever to reduce capital expenditures while minimizing equipment-related outages and delivering higher levels of customer service," comments Ventyx CEO Jeff Ray. "Our cloud-based solutions allow utilities to scale faster, avoid significant new investment in computing infrastructure and reap the benefit of fast information technology/operational technology integration."

Asset Health, the predictive analytics component of Ventyx Asset Performance Management, is available immediately on the Ventyx website in Microsoft Azure. Additional applications will be available in the cloud over the coming months.

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