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Oracle has announced the availability of Oracle Utilities Operational Device Management software, which the company says helps utilities manage the change, configuration and inventory of smart grid assets for improved operational efficiency.

Developed to meet the asset-management needs of smart devices in a utility's distribution infrastructure, the new software manages devices - such as meters - access points or communication relays and communication components attached to various devices that are too complex for traditional asset-management systems, according to the company.

Oracle adds that the software is able to handle functions such as managing and tracking updates and patches, as well as supporting governance and regulatory audits and smart grid network operations center processes.

Oracle Utilities Operational Device Management is built on open standards and is compatible with Oracle Utilities Meter Data Management and other third-party meter data management solutions.

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