Utilities are managing roughly 10 times more assets than they were managing 20 years ago, but a tight labor market means utility crews must be more efficient. Energy asset management (EAM) analytics are behind the trend towards predictive maintenance. Through AI-powered asset monitoring, utilities can move away from costly preventative and reactive maintenance and repair strategies. Effective asset management is also needed to offset rising costs of new equipment and O&M. An EAM system can incorporate financial data and reporting, enabling utilities to quickly understand cost savings of management strategies.
This infographic demonstrates how modern utilities use EAM to combine technical concepts with economic and big-data analysis to unify these processes across organizations and involve everyone from crews in the field to executives in the C-suite. Organization-wide benefits include:
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