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VueForge® for Asset Management
Applying Big Data and advanced analytics to support optimal asset management in electrical utilities and reduce Operation & Maintenance (O&M) costs
by Pedro Miguel Rodrigues
Nowadays power producers and electricity network operators worldwide are facing financial constraints and regulatory pressures to ensure efficient investments and reduce Opex. At the same time, their assets are aging, increasing the risk of failure and the need for investment. One of the most critical assets is power Transformers. They are built with a high degree of precision and quality because they play a critical role in the operation of the electrical power system since they are used as critical equipment for power generation units, transmission and distribution systems and large industrial plants.
Therefore, electrical utilities are moving towards optimal risk and condition based asset management to reduce investment costs while ensuring high levels of reliability and availability throughout the life-cycle of the electrical assets.