Energy and Utility Industry – Asset Management

The energy and utilities industry is at the cusp of the next big frontier, with the evolution of the transmission and distribution grid and the emergence of the electric power system as a true contender in the future of power delivery the growth of solar and non-hydro renewable energy resources is expected to increase steadily over the next few decades, and in order to remain operationally sound and in alignment with societal desires, the industry must be ready to evolve technologically

Challenges

Auto-Detection of power outages
Dispatching technicians for service restoration
Unplanned downtime
Not able to predict transformer failures
Pressurized main leaks to reduce repair time not diagnosed
Non-confirmation of Lockout/Tag out before service

Solutions

Remote monitoring & alerts

Analytics & Predictive Maintenance

Improved service outcomes

Asset failure detection

IoT-Enabled Asset Management

Parts, Services & Inventory Management

Proactive and Predictive Maintenance

Safety & compliance

Usage based preventative maintenance

Work Order Management

SOP with knowledge base

Third party integration

Benefits

Reduce maintenance costs with early detection of equipment failures
Improve production efficiency and identify incident avoidance by capturing key operational data
Capture and transform non-instrumented data into contextualized information
Clearer visibility into the state of the business enabling well informed smart decisions
Consistent, compliant, best-practice execution of invasive tasks eliminates, minimizes or mitigates risks to personnel, asset/s and the environment
Enforced use of validated procedures minimizes the risks associated with shutdown and restart
Verification of sustained regulatory compliance avoids the risk of fines or loss of operating license
Mobile framework supports the development, documentation and enforcement of LOTO control and release procedures