Siemens is joining forces with Accenture on a new venture to develop technologies that will help utilities derive operational efficiencies from IT assets such as smart meters. Omnetric Group will be based in Munich and will initially focus its efforts in Europe and the U.S. "Utilities can improve overall grid reliability and bridge the gap to real-time grid control through integration and implementation of new and previously isolated grid applications," said Jan Mrosik, CEO of Siemens' Smart Grid Division, describing the company's mission.

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