– Water utilities embrace predictive analytics for operations; Spare parts management with AI support; 3D printing parts for construction equipment; Drones helping utilities in maintenance of large energy facilities; Digitization seems to be easier when you’re a big company rather than a small one; Technology and falling costs are driving a new electrical revolution; Boeing strengthens its position in the growing MRO service market with a big acquisition; A major vendor of Service Management Systems augments its offering with Natural Language Processing. –
Water utilities: Multiple types of data can enable predictive analytics to alert operators when condition-based maintenance is needed, monitor water loss and manage problems with water quality in real time. For example, using predictive analytics, a utility can monitor dissolved oxygen in water systems and automatically make adjustments based on weather, water flows and temperature… Pilot studies show that utilities could save as much as 12% in operational costs by creating a “smart” water utility
The water sector has collected reams of data for decades, but it’s only within the last few years that utilities, agencies, consultants and vendors have begun to use that data to improve everything from managing maintenance to predicting water flow.The move to leverage digital information in the sector over the last two to three years is “drastic,” says Luis Casado, senior vice president of water for Gannett Fleming and one of several people who spoke passionately about the possibilities of…
Spare Parts Management: Using AI to optimize spare parts stocks while preventing shutdowns due to… missing spare parts
AUTIT is a strong example of how manufacturing plant managers using predictive modeling could save money and avoid the hassles that come with unnecessary spare parts.
3D Printing Spare Parts: Volvo is 3D printing spare parts for obsolete construction equipment…Turnaround time for replacement can be as short as a week, which minimizes downtime for a piece of equipment in the field. The ability to replace parts for legacy machines also extends the equipment’s lifetime even further.
Drone Services: Energy companies need to monitor thousands of miles of pipelines, tank farms, transmission lines, and other assets in order to determine how and when maintenance activities need to be performed. The sheer size and scope of managing this infrastructure mean that the ability to automate tasks related to performing such inspections will create incredible efficiencies. This is one reason why the energy sector as a whole is quickly adopting drones.
By using Part 107 to their advantage, energy drone consultants can capitalize on regulation changes, just as they have in other sectors like agriculture.
Digitization: Small companies getting left behind in digital transformation. According to a recent study, adoption rates of emerging technologies in large enterprises are up to 10 times higher than in small businesses.
Technology: Powering a new electrical revolution…It’s unstoppable because it’s based on rapidly falling costs
When this new energy network is combined with the power of artificial intelligence, big data and predictive analytics, the possibilities for a smart energy grid will prove extraordinary.
MRO Service: Boeing acquires big parts and services supplier to augment its position in the MRO service market -following a major strategic shift towards services in the past couple of years
Service Management Systems: ServiceNow to incorporate Natural Language Processing into its systems via an acquisition
Enterprise cloud service management company ServiceNow announced today that it will acquire FriendlyData and integrate the startup’s natural language search technology into apps on its Now platform. Founded in 2016, FriendlyData’s natural language query (NLQ) technology enables enterprise customers…
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