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An integrated asset management data platform – IBM Blog

5 April 2024
in Blockchain
Reading Time: 3 mins read
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Half 2 of this four-part collection discusses the advanced duties power utility corporations face as they shift to holistic grid asset administration to handle by the power transition. The primary put up of this collection addressed the challenges of the power transition with holistic grid asset administration. On this half, we talk about the built-in asset administration platform and knowledge alternate that unite enterprise disciplines in several domains in a single community.

The asset administration ecosystem

The asset administration community is advanced. No single system can handle all of the required info 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) techniques, geographic info techniques and enterprise useful resource planning techniques share technical, geographic and monetary asset knowledge, every with their respective major 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 gives mandatory 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 boundaries, and manages security and environmental vital parts (SECE) to forestall major containment loss. Monitoring power effectivity and greenhouse fuel or fugitive emissions can straight 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 stability between proactive and reactive upkeep duties. Asset criticality defines whether or not a preventive or predictive process is justified by way of value and threat. The method of defining the optimum upkeep technique is known as reliability-centered upkeep. The mechanical integrity of hazardous course of property, reminiscent of vessels, reactors or pipelines, requires a deeper strategy to outline the optimum risk-based inspection intervals. For course of security units, a security instrumented system strategy determines the check 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 by way of distributed management techniques or supervisory management and knowledge acquisition techniques (SCADA). Asset well being monitoring defines asset well being indexes to rank the asset situations primarily based on degradation fashions, failures, overdue preventive work and some other 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 workforce collects and prioritizes asset wants ensuing from asset methods primarily based on asset criticality. They optimize upkeep and substitute planning towards the constraints of obtainable finances and useful resource capability. This technique is helpful for regulated industries reminiscent of 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 challenge portfolio and priorities for execution. The challenge portfolio administration operate manages the challenge administration points of latest 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 towards the bottom whole value of possession throughout the boundaries of all different stakeholders.

An industry-standard knowledge mannequin

A uniform knowledge mannequin is critical to get a full view of mixed techniques with info 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 info mannequin presents a helpful framework to combine and orchestrate the ecosystem to generate optimum enterprise worth.

The combination of numerous asset administration disciplines in a single gives 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 towards every stakeholder aim.

Learn extra about IBM Knowledge Mannequin for Vitality and Utilities

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Government Accomplice & International Business CoE Chief-Vitality, Atmosphere & Utilities, IBM Consulting



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