In this IDC Energy Insights white paper, the author provides recommendations the management of the asset life cycle, from planning all the way through to decommissioning. Systems and tools that support a project framework that can leverage information from a multitude of sources to drive decision making are also discussed.

In today’s business environment, a continuous, reliable source of electricity is critical to a company’s successful operations. Businesses can mitigate the economic risk of power outages by implementing a strong backup power plan. For decades, diesel has been the traditional fuel source for backup power and standby gensets. However, today, diesel is not the only […]

Given that electricity prices present a long-term upward trend, the imperative for greater energy efficiency is becoming more urgent. While regulation and legislation do have some effect in forcing change in the business community, a compelling business case — with clear methodology, reliable return on investment and financial efficiency — is much more powerful. Finance […]

When it comes to large rotating equipment, medium-voltage variable frequency drives (VFDs) offer a significant opportunity to save on operating and maintenance costs. Siemens SINAMICS Perfect Harmony VFDs are a particularly cost-effective solution because they can be applied to both new and retrofit installations. By matching the motor speed to the load, VFDs conserve electrical […]

Investments in asset management software can provide benefits that far exceed the costs and technical challenges. A key to success is to manage assets on a lifecycle basis, tracking all relevant data from concept and commissioning through end of life and disposal. An asset lifecycle information management (ALIM) strategy can optimize visibility into current operations […]

Medium voltage variable frequency drives (MV VFD) are high consideration, high cost assets engineers are incorporating more and more into manufacturing process. There are plenty of benefits these drives afford, such as energy efficiency and process control. However, being able to quantify these benefits between manufacturers of MV VFDs challenges engineers to identify which solution […]

Utility executives worldwide face a precarious balancing act: how to plan, build, and operate assets within an increasingly challenging business environment. Utilities face massive upgrades to aging infrastructure, so an increase in the number of capital projects in the near future is certain. The loss of institutional knowledge resulting from widespread workforce retirements within the […]

This report from the Aberdeen Group explores the challenges that those in asset intensive industries face when it comes to managing their asset’s lifecycles. Leaders in this industry turn to three areas to transform their business – Risk and Financial Management, Operational Excellence, and Innovation.

Productivity is the key to survival in today’s globally competitive environment. When you think about the basic inputs to production – time, labor, and materials – you can see there isn’t much room for optimization. You have 24 hours per day, labor is costly, and you don’t have much choice in materials. Thus, every company […]

Asset intensive organizations, like those in the Utilities sector, have their own industry specific challenges when it comes to managing their asset’s lifecycles, but one area that is often overlooked or pushed off until the last minute is the decommissioning phase of their assets. Leaders in the industry turn to three areas to transform their […]