Enhancing asset management for grid modernization

Grid modernization is a strategic initiative that brings automation possibilities and intelligent management along with it. Electric utilities, among the most asset-intensive industries, face three key issues as they begin the process of modernizing the electrical grid:

1. Volume
2. Footprint
3. Criticality

As such, adopting an asset management strategy is critical for power grid operators to ensure effective asset performance management and asset risk management.

Our use case on asset performance management for distribution grid explains how we can collaborate with electrical distribution companies to develop a comprehensive strategy for grid modernization.

By thinking ahead, you can refine goals, define the right solution, and align expectations with network performance. Our approach to asset performance management includes: