Helsinki, Finland, July 16, 2018 -- CGI (NYSE: GIB) (TSX: GIB.A) has been selected to design, build and support an electricity information exchange system for Fingrid Datahub Oy, a subsidiary of Fingrid Oyj, Finland's electricity transmissions operator. The new centralized IT system, called "Datahub," will store and manage data from all of Fingrid's energy consumption locations, driving a wide range of strategic benefits for the utility's nationwide operations, Finland's retail utility sector as a whole, and consumers across the country. Datahub also will support Finland's transition towards becoming a fossil-free society.
Fingrid Datahub Oy, which was established to operate Databub, will adopt CGI's proprietary central market system to replace its current EDI message exchange system. CGI's system addresses key requirements driven by energy legislation, energy sector demands and Fingrid's own business needs in terms of data processing, protection and security, synchronized electricity retail market processes, and support and maintenance.
Datahub, through advanced process automation, will simplify, speed up and enhance the efficiency of data exchange across the retail electricity market in Finland. For consumers, the Datahub also will support various services to significantly improve the customer experience.
"The energy sector will undergo a major transformation in the coming years," said Asta Sihvonen-Punkka, CEO of Fingrid Datahub Oy. "We are heading towards a clean, reliable and market-driven environment for distributing electricity. Datahub will play a very important role in this market transition."
"We are very pleased that CGI has been chosen as Fingrid's partner," said Leena-Mari Lähteenmaa, Senior Vice-President of CGI's operations in Finland. "We are witnessing the biggest shift in the retail electricity market since the liberalization of electricity trade. This strategic digitalization project will lead to more efficient day-to-day business processes, the opportunity for consumers to change electricity sellers more quickly and enjoy many other new services, and the launch of innovative capabilities such as demand-side electricity management."
CGI teams in Finland, the Netherlands and India will collaborate on the system's development, delivery and maintenance. CGI also will partner with First Derivatives plc to integrate its Kx technology into innovative meter data management and settlement functions within the new system.
Posted by Veronica Silva Cusi, news correspondent
About CGI Group:
At CGI, we are in the business of satisfying clients. For more than 35 years, we've partnered with U.S. defense, civilian and intelligence agencies to support their mission-essential needs at every stage of program, product and business lifecycle. As a global leader in information technology, our portfolio of services is customizable to meet the unique needs of our federal clients. We deliver end-to-end services and solutions including application management, infrastructure management, systems integration and consulting, business process services, and cloud computing.
Published: Tuesday, July 17, 2018
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