New digital solutions—particularly AI and machine learning—can give you greater visibility into your assets. This visibility will help you optimize your maintenance strategy so you can avoid downtime and elevate plant performance.
AI rapidly processes information it collects from your assets and their IoT sensors—including heat rates, vibration data, and other key metrics. Then, it pulls the most meaningful and timely insights from this data.
Meanwhile, machine learning models study the data to learn how assets usually behave. Once the models understand the normal conditions, they can detect anomalies that may cause breakdowns.
Your machine learning models will automatically adjust over time, continuously learning from new data and improving your results.
With machine learning and AI, you can:
- Reduce your operations and maintenance costs by moving from reactive to predictive maintenance. The insights you gain from AI and predictive analytics can help you spot problems early. With these insights, you can be proactive about asset maintenance and fix issues before they disrupt your production. One nuclear plant reduced its hours spent on preventative and corrective maintenance by 37% with predictive analytics. The plant also is saving $10 million annually while improving its capacity factor and setting a record for power production.
- Prepare for the unexpected. You never know when a storm or other significant event will impact your operations. AI gives you a deeper understanding of your asset health, while machine learning automatically detects anomalies. You can use this information to see when assets have failed in the past and under what conditions. Then, you can optimize your disaster preparedness plans to avoid outages when the unexpected happens. Gaining a better understanding of your assets can also help you get up and running faster if downtime occurs.
- Gain a holistic, real-time view of your fleet. An AI-powered asset performance monitoring platform collects and processes data in near real-time. It also supports massive volumes of data so that you can monitor your fleet’s performance in real-time and trend historical data.
- Overcome the operator skills shortage. Experienced power generation operators are retiring, and plants lack skilled workers. According to a recent report, 48% of power professionals are concerned about an impending talent emergency, while 28% said that their company had been affected by a skills shortage. When your skilled operators retire, you can use AI to digitize their processes and make it easier for others to monitor your assets. Even if you don’t have a skills shortage, AI can make your operators’ jobs easier. User-friendly AI technology gives operators real-time insights into assets. They can use this information to improve equipment and plant performance—while eliminating the headaches that come with manual processes and disparate technologies.
Visit assetsense.com to learn more about optimizing asset performance
Call 720-463-0220 to schedule a free consultation with our experts
