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NetSpring Announces Customer Go-Live and Collaboration with DCP Midstream
Rhea-AI Impact
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Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
DCP Midstream has partnered with NetSpring to enhance its operational capabilities through advanced streaming analytics solutions. This collaboration aims to unlock new insights from IoT operational data, driving operational excellence within the energy sector. The initial deployment involves an operational assurance solution that identifies critical operating issues and sends real-time notifications to stakeholders, facilitating prompt responses. This strategic partnership underscores DCP's commitment to leveraging data for improved service and operational efficiency.
Positive
Partnership with NetSpring to enhance operational analytics using IoT data.
Deployment of operational assurance solution for real-time issue detection.
Improved operational efficiency and response capabilities for DCP.
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Solution Enables Real-time Streaming Analytics and Visualization for Energy Sector
SAN FRANCISCO--(BUSINESS WIRE)--
NetSpring, a cloud provider of business metrics-first Operational Intelligence, today announced a collaboration agreement with DCP Midstream to develop advanced streaming analytics solutions from IoT operational data. These solutions will help energy companies drive operational excellence across field assets by uncovering new and untapped insights.
Founded in late 2019 to revolutionize data analytics in the enterprise, NetSpring’s mission is to empower every enterprise to reach their peak operational agility with broader, deeper, and more timely intelligence from data. The NetSpring Operational Intelligence platform enables customers to efficiently build complex analytics using time series and traditional business data. NetSpring’s vision is to be the unified command center for all operational insights from data.
The NetSpring platform allows DCP Midstream to easily customize complex business logic into their sensor-level data and alerts and provides collaborative, 24x7 visibility to a variety of insights via the web or on a secure mobile app. The first use case deployed for DCP Midstream was an operational assurance solution that automatically detects critical operating issues and delivers real-time contextual mobile notifications to all stakeholders, while immediately initiating restoration workflows within operations.
“A core focus of DCP Midstream is our commitment to operational excellence,” said Rob Sadler, DCP Midstream group vice president of Energy, Transition & Transformation. “Leveraging the NetSpring Operational Intelligence platform to analyze real-time data gives our team members key information to prioritize critical work, support quick response, and more effectively serve our customers.”
“Our strategic collaboration is based on a shared vision for digital innovation,” said Vijay Ganesan, co-founder and CEO, NetSpring. “Unlocking the power of streaming data presents immense opportunities for an always-on enterprise. Developing features with an industry leader, such as DCP Midstream, enables us to deliver proven value and impact to the midstream industry at large.”
About NetSpring.io
NetSpring.io is a Cloud analytics application platform-as-a-service for Operational Intelligence. NetSpring was founded in late 2019 by industry thought leaders Vijay Ganesan, Priyendra Deshwal, Satyam Shekhar and Abhishek Rai. The founders were previously part of the founding team at ThoughtSpot, which is now a leader in the business intelligence space. NetSpring’s team has deep expertise in enterprise software, data analytics, large scale distributed systems, databases, and complex analytic applications. This team’s mission is to usher in the next generation of data intelligence in enterprises. NetSpring is headquartered in Redwood City, California. For more information, visit www.netspring.io.
About DCP Midstream
DCP Midstream, LP (NYSE: DCP) is a Fortune 500 master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of natural gas gathering, processing, logistics and marketing assets. DCP is one of the largest natural gas liquids producers and marketers and one of the largest natural gas processors in the U.S. The owner of DCP’s general partner is a joint venture between Enbridge and Phillips 66. For more information, visit the DCP Midstream, LP website at www.dcpmidstream.com.
What is the collaboration between DCP Midstream and NetSpring about?
The collaboration focuses on developing advanced streaming analytics solutions to improve operational efficiencies in the energy sector by analyzing IoT operational data.
What benefits does DCP Midstream expect from the partnership with NetSpring?
DCP Midstream expects to enhance operational excellence by leveraging real-time data insights, which aid in prioritizing critical tasks and improving customer service.
When was the partnership between DCP Midstream and NetSpring announced?
The partnership was announced on April 11, 2022.
What is the first use case deployed by DCP Midstream in collaboration with NetSpring?
The first use case is an operational assurance solution that automatically detects critical operating issues and provides real-time notifications to stakeholders.
How does the NetSpring platform benefit DCP Midstream's operations?
The NetSpring platform allows DCP Midstream to customize complex business logic, providing 24/7 visibility to insights via a secure mobile app.
