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Home Blockchain

An integrated asset management data platform

n70products by n70products
April 5, 2024
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An integrated asset management data platform
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Half 2 of this four-part collection discusses the complicated duties power utility corporations face as they shift to holistic grid asset administration to handle by 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 alternate that unite enterprise disciplines in numerous domains in a single community.

The asset administration ecosystem

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

Asset knowledge is the premise for the community. Enterprise asset administration (EAM) programs, geographic data programs and enterprise useful resource planning programs 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 by way of work orders. The upkeep, restore and overhaul (MRO) system supplies obligatory spare elements to hold out work and maintains an optimum inventory stage with a stability 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 security practices, makes use of bow-tie evaluation to outline and monitor threat limitations, and manages security and environmental important components (SECE) to stop main containment loss. Monitoring power effectivity and greenhouse fuel or fugitive emissions can instantly contribute to environmental, social and governance (ESG) reporting, serving to to handle and cut back the carbon footprint.

Asset efficiency administration (APM) technique defines the stability between proactive and reactive upkeep duties. Asset criticality defines whether or not a preventive or predictive job is justified when it comes to value and threat. The method of defining the optimum upkeep technique is named reliability-centered upkeep. The mechanical integrity of hazardous course of belongings, akin to vessels, reactors or pipelines, requires a deeper strategy to outline the optimum risk-based inspection intervals. For course of security gadgets, a security instrumented system strategy determines the check frequency and security integrity stage for alarm features.

Asset knowledge APM collects real-time course of knowledge. Asset well being monitoring  and predictive upkeep  features obtain knowledge by way of distributed management programs or supervisory management and knowledge acquisition programs (SCADA). Asset well being monitoring defines asset well being indexes to rank the asset circumstances primarily based on degradation fashions, failures, overdue preventive work and every other related parameters that mirror the well being of the belongings. Predict performance builds predictive fashions to foretell imminent failures and calculate belongings’ 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 workforce collects and prioritizes asset wants ensuing from asset methods primarily based on asset criticality. They optimize upkeep and substitute planning in opposition to the constraints of accessible finances and useful resource capability. This methodology is beneficial for regulated industries akin to power transmission and distribution, because it permits corporations to stay throughout 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 enlargement or improve initiatives. Market drivers, regulatory necessities, sustainability objectives and useful resource constraints outline the undertaking portfolio and priorities for execution. The undertaking portfolio administration operate manages the undertaking administration points 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 belongings in opposition to the bottom whole value of possession throughout the boundaries of all different stakeholders.

An industry-standard knowledge mannequin

A uniform knowledge mannequin is important to get a full view of mixed programs with data flowing throughout the ecosystem. Technical, monetary, geographical, operational and transactional knowledge attributes are all elements of a knowledge construction. Within the utilities {industry}, the widespread 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 supplies a full 360° view of belongings. This integration permits corporations to focus on the total vary of enterprise goals and monitor efficiency throughout the lifecycle and in opposition to every stakeholder aim.

Read more about IBM Data Model for Energy and Utilities

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Affiliate associate Asset & Manufacturing Optimization

Govt Associate & World Trade CoE Chief-Power, Setting & Utilities, IBM Consulting



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