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Home Blockchain

An integrated asset management data platform

by n70products
April 5, 2024
in Blockchain
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An integrated asset management data platform
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Half 2 of this four-part sequence discusses the complicated duties vitality utility firms face as they shift to holistic grid asset administration to handle via the energy transition. The first post of this series addressed the challenges of the vitality transition with holistic grid asset administration. On this half, we talk about the built-in asset administration platform and knowledge change 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 info views to allow end-to-end optimization. The next determine demonstrates how a platform method 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 accountability. The EAM system is the middle for upkeep planning and execution by way of work orders. The upkeep, restore and overhaul (MRO) system gives 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 atmosphere (HSE) system manages work permits for secure work execution and tracks and investigates incidents. The method security administration (PSM) system controls hazardous operations via security practices, makes use of bow-tie evaluation to outline and monitor threat obstacles, and manages security and environmental important parts (SECE) to forestall major containment loss. Monitoring vitality effectivity and greenhouse fuel or fugitive emissions can straight 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 steadiness 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 named reliability-centered upkeep. The mechanical integrity of hazardous course of belongings, corresponding 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 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 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 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 crew collects and prioritizes asset wants ensuing from asset methods primarily based on asset criticality. They optimize upkeep and alternative planning towards the constraints of obtainable price range and useful resource capability. This technique is beneficial for regulated industries corresponding to vitality transmission and distribution, because it permits firms to stay inside the assigned price range for an arbitrage interval of a number of years. The asset alternative necessities enter the asset funding planning (AIP) course of, combining with new asset requests and growth or improve tasks. Market drivers, regulatory necessities, sustainability targets and useful resource constraints outline the mission portfolio and priorities for execution. The mission portfolio administration perform manages the mission administration elements of latest construct and alternative tasks to remain inside price range and on time. Product lifecycle administration covers the stage-gated engineering course of to optimize the design of the belongings towards the bottom complete value of possession inside 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 an information construction. Within the utilities {industry}, the widespread info mannequin provides a helpful framework to combine and orchestrate the ecosystem to generate optimum enterprise worth.

The mixing of various asset administration disciplines in a single gives a full 360° view of belongings. This integration permits firms to focus on the complete vary of enterprise goals and monitor efficiency throughout the lifecycle and towards every stakeholder purpose.

Read more about IBM Data Model for Energy and Utilities

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Affiliate associate Asset & Manufacturing Optimization

Govt Accomplice & World Trade CoE Chief-Vitality, Setting & Utilities, IBM Consulting



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