IBM acquires Prescinto to bolster renewable energy asset management capabilities.

IBM has acquired Prescinto, a software-as-a-service provider based in Bangalore, India, to enhance its renewable energy asset management capabilities. The acquisition will integrate Prescinto's AI and machine learning software into IBM's asset lifecycle management tool, the Maximo Application Suite. This move aligns with IBM's strategy to expand its energy and utilities expertise and support businesses in becoming more sustainable. Prescinto, founded in 2016, brings a portfolio of clients managing 16 GW of power generation assets in 14 countries, offering data capture, monitoring, and AI-driven analysis for asset performance management. [Extracted from the article]