An integrated asset management data platform

Half 2 of this four-part sequence discusses the advanced duties power utility corporations face as they shift to holistic grid asset administration to handle by way of the energy transition. The first post of this series addressed the challenges of the power transition with holistic grid asset administration. On this half, we focus on the built-in asset administration platform and knowledge trade that unite enterprise disciplines in numerous domains in a single community.

The asset administration ecosystem

The asset administration community is advanced. No single system can handle all of the required data views to allow end-to-end optimization. The next determine demonstrates how a platform method can combine knowledge flows.

Asset knowledge is the idea for the community. Enterprise asset administration (EAM) methods, geographic data methods and enterprise useful resource planning methods share technical, geographic and monetary asset knowledge, every with their respective main knowledge duty. The EAM system is the middle for upkeep planning and execution through work orders. The upkeep, restore and overhaul (MRO) system offers needed spare elements to hold out work and maintains an optimum inventory stage with a steadiness of inventory out threat and half holding prices.

The well being, security and setting (HSE) system manages work permits for secure work execution and tracks and investigates incidents. The method security administration (PSM) system controls hazardous operations by way of security practices, makes use of bow-tie evaluation to outline and monitor threat limitations, and manages security and environmental vital parts (SECE) to forestall main containment loss. Monitoring power effectivity and greenhouse gasoline or fugitive emissions can instantly contribute to environmental, social and governance (ESG) reporting, serving to to handle and scale back the carbon footprint.

Asset efficiency administration (APM) technique defines the steadiness between proactive and reactive upkeep duties. Asset criticality defines whether or not a preventive or predictive process is justified when it comes to value and threat. The method of defining the optimum upkeep technique known as reliability-centered upkeep. The mechanical integrity of hazardous course of property, akin to vessels, reactors or pipelines, requires a deeper method to outline the optimum risk-based inspection intervals. For course of security units, a security instrumented system method determines the take a look at frequency and security integrity stage for alarm capabilities.

Asset knowledge APM collects real-time course of knowledge. Asset well being monitoring  and predictive upkeep  capabilities obtain knowledge through distributed management methods or supervisory management and knowledge acquisition methods (SCADA). Asset well being monitoring defines asset well being indexes to rank the asset situations based mostly on degradation fashions, failures, overdue preventive work and another related parameters that mirror the well being of the property. Predict performance builds predictive fashions to foretell imminent failures and calculate property’ remaining helpful life. These fashions typically incorporate machine studying and AI algorithms to detect the onset of degradation mechanisms in an early stage.

Within the asset efficiency administration and optimization (APMO) area, the staff collects and prioritizes asset wants ensuing from asset methods based mostly on asset criticality. They optimize upkeep and substitute planning in opposition to the constraints of obtainable finances and useful resource capability. This technique is helpful for regulated industries akin to power transmission and distribution, because it permits corporations to stay inside the assigned finances for an arbitrage interval of a number of years. The asset substitute necessities enter the asset funding planning (AIP) course of, combining with new asset requests and growth or improve initiatives. Market drivers, regulatory necessities, sustainability targets and useful resource constraints outline the challenge portfolio and priorities for execution. The challenge portfolio administration perform manages the challenge administration facets of recent construct and substitute initiatives to remain inside finances and on time. Product lifecycle administration covers the stage-gated engineering course of to optimize the design of the property in opposition to the bottom whole value of possession inside the boundaries of all different stakeholders.

An industry-standard knowledge mannequin

A uniform knowledge mannequin is important to get a full view of mixed methods with data flowing throughout the ecosystem. Technical, monetary, geographical, operational and transactional knowledge attributes are all elements of an information construction. Within the utilities {industry}, the frequent data mannequin gives a helpful framework to combine and orchestrate the ecosystem to generate optimum enterprise worth.

The combination of numerous asset administration disciplines in a single offers a full 360° view of property. This integration permits corporations to focus on the complete vary of enterprise goals and observe efficiency throughout the lifecycle and in opposition to every stakeholder aim.

Read more about IBM Data Model for Energy and Utilities