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January 12, 2018 – Advanced and Predictive Analytics: the Next Step in Asset Management
January 12, 2018 @ 11:45 am - 1:00 pm
Predictive analytics, in conjunction with other practices can provide visibility into an asset’s future – when to perform maintenance, what parts/spares to be made available at what location, how to plan the asset life cycle and much more. Analytics in the utility industry is top of mind today as seen through the efforts of EPRI and the Utility Analytics Institute.
Predictive analytics is relevant to all parts if the utility industry including generation, transmission and distribution. Any asset that is critical to operations and has data associated with it can be relevant. Maintenance data, inspection data, sensor data and operations data can all be viable sources to fine tune the accuracy of predictions. When combined with strategic asset management and maintenance practices the impact on reliability and costs can increase/decrease at a much higher rate than without predictive analytics.
Clockwork’s unique blend of industry consulting experience, combined with purpose-built data management and predictive analytics software, delivers a full range of solutions including Condition Based Maintenance, Predictive Health Management, and Asset Lifecycle Management for Fortune 500 enterprises and defense organizations worldwide.
Jeff holds a Bachelor of Business Administration from the University of North Texas.
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