Asset intensive enterprises need to invest significantly to maintain operations and continue to grow their business in an increasingly uncertain economic environment. It is essential for these organizations to be able to fully optimize investment decisions and opportunities to lower operating costs to ensure good returns on the investment.

Oracle Utilities Work and Asset Management is a comprehensive solution specifically targeting electric, gas and water utility operations. The product supports the entire asset lifecycle work processes from budgeting and accounting, designing, estimating, planning through construction, commissioning, maintenance and repair, retirement, and removal. It also includes the resource management, which includes the smart grid device configuration and general framework processes needed in support of asset lifecycle management and utility plant accounting.

The release notes focuses on the following: