Predictive Performance Management
In today’s fast-paced utility industry, global power players are experiencing both transformation and constant change, facing challenges from multiple directions. The greatest threat to the growth and profitability of a power company is a siloed organization, resulting in performance gaps from isolated data, challenges in capturing and sharing tacit knowledge, and failure to respond quickly to a non-conformity event.
Predictive Performance Management focuses both on Operations (the process) and Predictive Asset Management (the equipment) to capture and analyze real-time data generated from the process, providing closed-loop tuning and management for higher asset performance and enhanced operations control.
The solution leverages
Avantis® PRiSM, bringing predictive analytics functionality to provide early warning notifications and diagnosis of equipment issues. Coupled with a complete operations management system, Predictive Performance Management helps asset-intensive organizations reduce equipment downtime, increase reliability and improve performance while reducing operations and maintenance (O&M) expenditures.
Predictive Performance Management puts power generation companies in control of their plant performance, using process digitization to deliver the power of action and accountability to every stakeholder.