risk-based asset management: tomorrow's business intelligence today

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Speaker Bios Bryan Clark Manager of Asset Performance & Reliability at PHI, a multi utility holding company in the mid-Atlantic Responsibility for reliability reporting, reliability & maintenance strategy, failure analysis, and distribution standards. Steven Ramirez CEO of Beyond the Arc Leader in applying advanced and predictive analytics to complex business problems like asset management Industry and press recognition: Bloomberg, Forbes, BigData 100, Predictive Analytics World IBM Business Partner in Analytics

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Page 1: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Speaker Bios

Bryan Clark

• Manager of Asset Performance & Reliability at PHI, a multi utility holding company in the mid-Atlantic

• Responsibility for reliability reporting, reliability & maintenance strategy, failure analysis, and distribution standards.

Steven Ramirez

• CEO of Beyond the Arc

• Leader in applying advanced and predictive analytics to complex business problems like asset management

• Industry and press recognition: Bloomberg, Forbes, BigData 100, Predictive Analytics World

• IBM Business Partner in Analytics

Page 2: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Risk-based Asset Analytics Tomorrow’s Business Intelligence Today

Bryan Clark Manager of Asset Performance & Reliability Pepco Holdings, Inc.

Steven Ramirez, CEO Beyond the Arc

Page 3: Risk-based Asset Management: Tomorrow's Business Intelligence Today

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Changing customer needs and demands

Generations of vast quantities of data

Increasingly high power costs

Environmental /Regulatory concerns and costs

Fluctuating, volatile demand

Aging infrastructure

The challenges and risks facing utility companies

Page 4: Risk-based Asset Management: Tomorrow's Business Intelligence Today

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by using

Data to identify risks and act

Advanced Analytics to

forecast & optimize

Applications to drive

effective information at the point of decision

With the vast amount of data that utilities are starting to generate, there’s an opportunity to be more strategic

Page 5: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Leading utilities are turning to analytics to improve operational & financial results

Accessing, organizing and interpreting

their data to

drive

business decisions

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Page 6: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Today’s reliability-centered maintenance

• Key principles

• Overview of reliability and maintenance at Pepco

• Learnings, and lasting impact, from Sandy

Page 7: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Tomorrow’s risk-based asset analytics

• Vision

• Key principles

• Learning from best practices in other industries

• Assessing the risk holistically and quantifying it

• Drawbacks to the approach most utilities take

Page 8: Risk-based Asset Management: Tomorrow's Business Intelligence Today

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Solutions receiving industry wide recognition

Transformation of the grid Creating a smart grid - that offers a dynamic and automated energy delivery system, protects revenue and enables better asset management

Empowerment of customers Empowering customers by providing them with near real-time, detailed, information about their energy usage and their ability to save money based on time of use

Cleaner energy supply Meeting stringent greenhouse gas regulatory requirements while maintaining sufficient cost-effective power supply, as well as meeting Renewable portfolio standards

Page 9: Risk-based Asset Management: Tomorrow's Business Intelligence Today

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A leading utility in the east optimizes maintenance decisions without requiring everyone to be an analytics expert

The need: For companies like Tennessee Valley Authority (TVA), standardizing and streamlining work across power-generating plants is critical. Stand-alone business processing systems, independent tracking mechanisms and manually intensive processes increase operational costs. Additionally, with growing regulatory requirements and oversight of how utilities manage their operations, companies needed greater flexibility in tracking work and maintenance for audits.

The solution: TVA deployed a comprehensive business analytics solution to address enterprise asset management.

Business impact: Increased operational efficiency and optimized asset utilization Helped organizations achieve sustainable performance improvements Reduced operating costs Provided flexibility to more quickly address new regulatory requirements

Page 10: Risk-based Asset Management: Tomorrow's Business Intelligence Today

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Optimize every maintenance decision, process and investment using analytics

Root cause insights Understand the root cause of equipment failures and apply those insights to entire network.

Equipment efficiency Optimize maintenance windows to reduce operating expense. Improve reliability and uptime of assets.

Predictive maintenance Predict potential future asset failures to service the asset before it becomes a service failure.

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Page 11: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Analytics help utilities answer questions about transforming the grid

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How can I separate the “signals” from

the “noise”?

How can I make quick and accurate

decisions?

How can I get visibility of predictors

across the organization?

How can I detect warranty issues

sooner?

How can I perform in depth root cause

failure analysis on my process and

assets?

How do I achieve optimal asset

efficiency and availability?

How can I protect revenue by using

analytics for smart grid optimization?

How can I improve my smart grid

initiative, reduce costs and meet

regulatory requirements?

How can I prioritize the

importance of different asset

classes?

Asset

Performance

Process

Integration

Page 12: Risk-based Asset Management: Tomorrow's Business Intelligence Today

How do you get there?

• Planning & strategy

• Business case

• Sparking the necessary culture change

Page 13: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Key takeaways

• Ask key questions and seek answers in data already collected

• Start now, never too late. Costs to acquire, store, and analyze data have never been lower.

• Avoid analysis paralysis and focus on insights that you can act on

Page 14: Risk-based Asset Management: Tomorrow's Business Intelligence Today

Beyond the Arc, Inc. | Customer Experience & Data Analytics

Thank you

Steven J. Ramirez, CEO

Beyond the Arc, Inc.

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Office 1.877.676.3743

Email [email protected]

Digital beyondthearc.com

@beyondthearc

Facebook.com/beyondthearc

Slideshare.net/beyondthearc