Utilities

Utilities are revamping their asset base, modernizing their fleet and moving towards state of the art infrastructure for generation, transmission and distribution. These modern assets are generating huge amount of operational and monitoring data. This data can be leveraged effectively to improve asset reliability, increase service availability and ensure compliance with mandatory government regulations. It is imperative for utilities and their stakeholders to adopt advanced analytics and reporting systems to convert this data into actionable information.

EAM Business challenges for Utilities:

• Transforming business model to meet increasing demand
• Managing modern asset infrastructure for Smart Grid initiatives
• Changing economic and regulatory requirements
• Maintaining aging infrastructure being pushed to its limits of operational efficiencies
• Effective workforce management
• Silos of data in disparate applications
• Providing easy access to asset data for business and field users
• Predicting and preventing asset related problems before they become conformance issues
• Inability to get early alerts of undesired failure leading to service disruption & quality loss
• Monitoring Performance for timely actions
• Analyzing risk associated with plant, equipment and critical assets

EAM related IT Challenges

• Combining data from EAM, SCADA, ERP and other sources for meaningful analysis
• Managing large volume of data
• Ensuring data quality & integrity
• Data mining to explore historical & real time information
• Architect framework for sustainable data analysis & reporting
• Develop and implement robust end-to-end solution
• Managing Reporting, BI & Analytical application infrastructure
• End user training for data analysis and reporting

How we can help you ...

AssetAnalytix consulting has built expertise in best practices for Asset data analysis & reporting by working with large, multinational manufacturing organizations over the years. We assist with...

• Making data-driven decisions
• Provide comprehensive, accurate & timely access to information from disparate sources
• Aligning KPIs with business strategies, financial objectives & performance goals
• Support the compliance process by data analysis & reporting
• Benchmark performance
• Optimize maintenance operations using advanced Statistical analysis & algorithms
• Reduce equipment down-times & gain insight into asset performance
• Reduce unscheduled maintenance with predictive & near real-time performance alerts
• Improve Equipment Failure Analysis and Root Cause Analysis using state-of-the-art analytics and predictive data mining capabilities
• Gain greater visibility into maintenance issues by analyzing large volumes of data regardless of format or sources

Business Benefits…

• Increase productivity
• Reduce compliance risks
• Lower maintenance cost
• Gain visibility across the enterprise with well defined performance metrics
• Reduce unplanned downtime, increase reliability of critical equipments
• Spare parts optimization
• Determine root causes of non-conformities
• Increased ROA