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An integrated asset management data platform

April 6, 2024
in Blockchain
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Half 2 of this four-part sequence discusses the complicated duties power utility corporations face as they shift to holistic grid asset administration to handle by way of the power transition. The primary submit of this sequence 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 information 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 method can combine information flows.

Asset information 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 information, every with their respective major information duty. The EAM system is the middle for upkeep planning and execution through work orders. The upkeep, restore and overhaul (MRO) system supplies vital 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 protected 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 boundaries, and manages security and environmental crucial components (SECE) to stop major 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 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 job is justified when it comes to value and threat. The method of defining the optimum upkeep technique is known as reliability-centered upkeep. The mechanical integrity of hazardous course of belongings, comparable to vessels, reactors or pipelines, requires a deeper method to outline the optimum risk-based inspection intervals. For course of security gadgets, a security instrumented system method determines the check frequency and security integrity stage for alarm features.

Asset information APM collects real-time course of information. Asset well being monitoring  and predictive upkeep  features obtain information through distributed management methods or supervisory management and information acquisition methods (SCADA). Asset well being monitoring defines asset well being indexes to rank the asset circumstances based mostly 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 based mostly on asset criticality. They optimize upkeep and alternative planning towards the constraints of accessible funds and useful resource capability. This technique is beneficial for regulated industries comparable to power transmission and distribution, because it permits corporations to stay throughout the assigned funds 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 enlargement or improve tasks. Market drivers, regulatory necessities, sustainability objectives and useful resource constraints outline the mission portfolio and priorities for execution. The mission portfolio administration operate manages the mission administration points of recent construct and alternative tasks to remain inside funds 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 throughout the boundaries of all different stakeholders.

An industry-standard information mannequin

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

The mixing of numerous asset administration disciplines in a single supplies a full 360° view of belongings. This integration permits corporations to focus on the complete vary of enterprise targets and observe efficiency throughout the lifecycle and towards every stakeholder purpose.

Learn extra about IBM Information Mannequin for Power and Utilities

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Affiliate accomplice Asset & Manufacturing Optimization

Govt Companion & World Trade CoE Chief-Power, Atmosphere & Utilities, IBM Consulting



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