News from the Schneider Electric “Maximize Return on Assets” Users Group Conference in Chicago this week includes today’s announcement on the release of Predictive Asset Analytics Suite for Power Generation. Built on the company’s Avantis PriSM platform, the product helps utility operators minimize outage disruptions, improve cross-department collaboration, and increase operational agility.
According to the Lake Forest-based manufacturer, this Asset Performance Management (APM) solution can drive safer, more reliable, and sustainable operational efficiency while providing a digital framework to transform business value.
How It Works
Predictive Asset Analytics Suite for Power Generation provides a closed loop performance management framework to let decision makers contextualize real-time performances across their fleet, perform causal analysis of any non-conformity, and then create a template of the resulting knowledge for later use, thus reducing downtime from future non-conformity incidents. Part of Schneider Electric’s comprehensive Enterprise APM platform, it bridges skills and process gaps with smart technology, by combining advanced predictive analytics with knowledge management, and decision support to maximize asset availability. Schneider Electric notes that the solution offers a simplified and enriched data-analysis and reporting framework, delivered by way of a single user interface with an integrated flow of intelligence. By digitizing operations and decision-support knowledge, power generation operators have new opportunities to transform their businesses along with their workforce.
As Doug Warren, vice president, Industry Solutions at Schneider Electric, explained the new offering, “Power-generation operators must increasingly operate with greater collaboration across departments, driving a need for a single version of the truth across stakeholders and an ability to better manage information across multiple systems, people, and processes.” Predictive Asset Analytics Suite for this sector, he said, enables information-sharing by connecting multiple systems with context to ensure process rigors are followed in terms of ownership, which ultimately simplifies collaborative decision-making.
Schneider Electric notes that it has worked closely with utility providers to deliver reliable power to homes and businesses since the end of the 19th century. Predictive Asset Analytics Suite builds upon that knowledge, adds subscription-model pricing options, and is bundled with a comprehensive Customer FIRST maintenance and support program. As a result, power generation operators can incorporate intelligent information into their processes and digitize that knowledge to achieve and sustain operational excellence.
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EDITOR’S NOTE: The 2016 “Maximize Return on Assets” Avantis User’s Group Conference runs through Wed., Oct. 19, at the Loews Chicago Hotel. For information on upcoming Schneider Electric Software events, including the company’s “Empowering the Mobile Workforce in Process Industries” conference in Houston (Dec. 5-7, 2016), CLICK HERE.