EnOcean Alliance and IBM partner to standardize solutions for IoT

The EnOcean Alliance is a consortium of more than 400 companies which standardize and develop intelligent building solutions integrating energy harvesting wireless technology. Together, IBM and the EnOcean Alliance will bring sensors to the cloud and develop self-powered solutions as a standard for the Internet of Things.

EnOcean-based sensors and devices operate large numbers of IoT devices efficiently and supply reliable data to IoT systems. Furthermore, the EnOcean Alliance offers the benefit of a broad, proven ecosystem of interoperable energy harvesting wireless sensor solutions, which are available for intelligent buildings worldwide. These solutions help optimize the utilization of buildings, create new service models and make buildings more flexible, more energy-efficient and altogether more cost-effective…

In close collaboration, the EnOcean Alliance and IBM define and expand standards for self-powered solutions for the IoT. Together, both partners standardize the EnOcean to IP interface and simplify the usage of applications in the IoT. This, for example, allows the integration of energy-harvesting wireless technology into the IBM Watson IoT Platform to conduct predictive and real-time analysis of facilities. These solutions can be used in various cases from asset management, ambient assisted living projects, insurance or hotel and campus projects, giving maintenance-free wireless switches and sensors based on EnOcean technology…

[Admin: This post is related to the 10.18.16 post about EnOcean’s Dolphin energy harvesting wireless modules.]

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ValuD: Providing a full IBM TRIRIGA training catalog

ValuD provides a full IBM TRIRIGA catalog, which covers the individual applications as well as the TRIRIGA platform, administration, and reporting. In addition, courses can be tailored to meet specific training needs, or more-closely align to specific customizations in a client installation.

Application Training Catalog

  • IBM TRIRIGA Portfolio LT
  • IBM TRIRIGA Portfolio Administration
  • IBM TRIRIGA Real Estate Contract Management
  • IBM TRIRIGA Real Estate Transaction Management
  • IBM TRIRIGA Lease Accounting (FASB)
  • IBM TRIRIGA Real Estate Lease Abstraction
  • IBM TRIRIGA Capital Projects
  • IBM TRIRIGA Facilities (Space) Management
  • IBM TRIRIGA CAD Integrator
  • IBM TRIRIGA Maintenance Management
  • IBM TRIRIGA Inventory & Purchasing
  • IBM TRIRIGA Facility Condition Assessment
  • IBM TRIRIGA Environmental Management

Platform Training Catalog

  • IBM TRIRIGA Application Administrator
  • IBM TRIRIGA Application Developer
  • IBM TRIRIGA System Administration
  • IBM TRIRIGA Ad-hoc Reporting
  • IBM TRIRIGA BIRT Reporting
  • IBM TRIRIGA WPM (Workplace Performance Management)

[Admin: This post is related to the 05.12.15 post about the TRIRIGA training paths to certification.]

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ValuD: Is TRIRIGA OOB reporting good for your business needs?

In this era of big data and predictive analytics, the Facilities Management industry has undergone a sea change in terms of data management and utilization… In such a scenario, the question arises as to whether the in-app reporting features offered by these tools, like the Report Manager offered by IBM TRIRIGA, are comprehensive enough for the purposes of strategic management and analysis. In order to analyze whether IBM TRIRIGA ad-hoc reporting capabilities can satisfy the reporting requirements of your business, you first need to recognize its scope and limitations…

The idea behind ad-hoc reporting is to enable users to create their own report. They should be able to decide on the fields, sorting, or grouping that they might require in their report. By letting the user decide on these criteria, ad-hoc reports ensure that a significant portion of the development time is freed, since the developer no longer needs to produce reports based on individual report requirements.

By and large, IBM TRIRIGA ad-hoc reporting, in itself, should be comprehensive enough for most businesses. But on the other hand, if extensive formatting is what you need, the IBM TRIRIGA ad-hoc report manager may not be enough. IBM TRIRIGA has sought to overcome this limitation by integrating with Eclipse BIRT. Business Intelligence and Reporting Tools (BIRT) is an open source reporting and business intelligence tool which IBM TRIRIGA advanced reporting uses to create data visualizations and reports. Using an IBM TRIRIGA plugin for the BIRT application, you get to experience the power of data mining and predictive analytics, right there, in your IBM TRIRIGA Report Manager…

[Admin: This post is related to the 09.28.16 post by ValuD about when to use OOB in-app reporting versus BIRT reporting.]

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KPMG: Intelligence engine helps companies meet FASB deadline

KPMG Spectrum’s “Leasing Tool” embeds the firm’s accounting expertise into innovative digital compliance platform

A deadline is looming for companies to comply with new Lease Accounting Standards. The changes introduced by the Financial Accounting Standards Board will require companies to account for most operating leases on their balance sheets as early as January 1, 2019.  The new rules will have a significant impact on any business that has commercial leases.  Yet, findings from a KPMG survey suggest that companies are vastly underprepared. Of the companies surveyed, 92 percent say they will need to implement a new IT system but 81 percent say they haven’t started.

Businesses are running out of time, but KPMG has created an innovative solution. The KPMG Leasing Tool for IBM TRIRIGA (KPMG Leasing Tool) helps organizations efficiently prepare for and adopt a longstanding system to comply with the new leases standards…

[Admin: This post is related to the 08.12.15 post about the KPMG Leasing Tool for IBM TRIRIGA.]

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ValuD: Are you already late for the FASB game?

It is important to note that public companies must include at least 3 years of information in their financial statements to meet the new FASB leasing standards. That means, if your organization has a substantial lease portfolio, you will need to effectively transition your accounting process in 2016 itself to become fully compliant by 2019, which is when the FASB leasing standards are set to apply…

As can be seen from the process overview, implementation of a new lease accounting software comes with its own share of operational challenges, not to mention the vast amount of time involved. It’s estimated that the entire process — from data gathering to deployment — might take as many as 24 months, thereby making the choice of a lease accounting system all the more significant right now. It’s also incredibly important that you find a trustworthy implementation team who can help spearhead the complex task and usher your organization toward FASB compliance.

At ValuD, our team has worked with multiple clients to prepare them for the shift in lease accounting standards. We fully believe that the industry-leading IBM TRIRIGA can provide the perfect solution for all matters related to FASB compliance. Our experts at ValuD are ready to help you through the entire process and ensure that you are on track for your FASB compliance goals…

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ValuD: Interview with Motors@Work

As “going green” becomes not only a trend but a necessity in our world today, it’s important we talk about energy conservation. Industrial consumption accounts for at least 42% of the global electricity consumption and a significant portion of that is wasted. With one third of such industrial consumption being used by electric motors, it goes without saying that energy conservation in electric motors is a must have. And that is exactly where Rod Ellsworth and his team at Motors@Work(TM) come into the picture…

VC: Good to know that Motors@Work(TM) has earned the trust and confidence of its clients! You recently announced that Motors@Work(TM) will be available as a SaaS solution in IBM Bluemix. Are there any specific reasons for you to choose IBM Bluemix as your Platform as a Service (PaaS) provider?

RE: Well, there are quite a few reasons for us to choose IBM Bluemix as our PaaS partner. For one, IBM currently happens to be one of the leading PaaS providers in the market today and is also the market leader in the Asset Performance Management sector. The way we look at it, Motors@Work(TM) energy intelligence has value on its own but our customers will get the extended benefit when our energy intelligence data is combined with historical data and live data streams from connected devices, sensors, and other IBM Watson IoT hub components. Moreover, the systematic integration of Motors@Work(TM) with Enterprise Asset Management (EAM) Applications will provide seamless business process integration for non-conformity mitigation and energy improvement opportunity execution. Additionally, this partnership will enable us to integrate our application with IBM’s Maximo Asset Management and TRIRIGA RE/FM applications, which again would be beneficial to our clients. We feel that this will be a win-win relationship for us as well as for our clients…

[Admin: This post is related to the 02.18.16 post about the ValuD partnership with Motors@Work.]

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ValuD: How does IBM TRIRIGA help accelerate lease preparedness?

1. OSCRE-compliant templates to accelerate loading of lease information

In the interim, companies offering IWMS have shaken out and there has been a movement towards standardization. The Open Standard Consortium for Real Estate (OSCRE) promises to deliver global standards for exchanging electronic real property information and drive their adoption. The interoperability and standardization of these systems is gradually coming to fruition…

2. Site selection and scenario modeling to increase return on assets

Everything—including site selection, construction, lease negotiations and finance—can be managed with the IBM solution. With the IBM lease accounting solution, companies can achieve their goal of keeping costs lean, while complying with far-reaching regulatory changes of FASB. IBM TRIRIGA eliminates the spreadsheet-based processes and automates the latest FASB reporting requirements

3. Financial assumption management and auditable lease accounting

Real estate costs represent a top-four cost for most organizations, and rental costs typically constitute the greatest portion of these. In many instances, however, landlords fail to comply with lease terms, and overcharge for maintenance, utility and other expenses. Through automated tracking and notification of significant dates, and the validation of invoices against contract terms, IBM TRIRIGA streamlines lease renewals and avoids erroneous over-payments to unlock significant cost reductions and increase effectiveness of lease administration…

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