The Digital Future: Utilities and Data Challenges
‘Google For Public Data’ Yields New Health Insights
Few in the utility industry today disagree with the notion that technical advances in terms of sensing and analytics are yielding powerful new solutions for asset performance management (APM) and predictive maintenance. Many would also agree, however, that there are challenges for utilities ready to digitize their asset management program. Indeed, finding, consolidating, mapping, cleansing, and storing the data from a multitude of sources can seem like a daunting challenge.
Navigant Research
Clearing the Data Hurdle for Effective Asset Performance Management
Best practices are emerging as major utilities take the APM plunge, and meaningful benefits to holistic APM strategies are now clear. One transmission operator, for example, has avoided five major transformer failures since the implementation of its APM program—and said that “just one or two saves paid for the system.”
With growing emphasis on reliability from regulators, aging infrastructure, and accelerating workforce retirement at utilities, the need for a utilitywide APM program has never been greater. Understanding the data challenges utilities are likely to face is an important first step to putting a plan in place.
Who, What, Where, When, and Why?
When preparing to deploy an APM solution, the five Ws should be asked in the context of company assets and data:
- Who: Which…
