Building the Foundation for Utility Asset Analytics
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This item is part of the Special Issue - 2020-12 - Data Analytics & Intelligence, click here for more
Authors: West Monroe Partners - Kevin Hade, Eric Anderson, Kojo Sefah
Using analytics for asset management within utility operations is far from a new concept. The power delivery system represents one of the most asset-intensive industries on earth, and utility leaders have been seeking ways to leverage available data to achieve improved reliability and reduce operations and maintenance (O&M) costs. Many asset managers are challenged to put into practice the necessary processes and technology, often relying on spreadsheets and legacy software that was never intended to provide actionable insights. The proliferation of new technology, sensors, and data historians has generated more data with potential to improve asset management.