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"Understanding how AVEVA™ Predictive Analytics benefits power generation companies"

Power generation companies are looking for new ways to address an evolving energy marketplace.

Power generation companies are looking for new ways to address an evolving energy marketplace. The pressures of government regulation, increased competition, and rising consumer demands are driving the need for improved reliability, efficiency, and safety. 

The amount of “big data” available today is providing power generation companies with an opportunity to overcome some of these disruptive obstacles. Forwardlooking power generation companies are investing in monitoring and predictive analytics tools that help to leverage this data. Navigant research estimates that power generation companies will spend almost $50 billion on asset management and grid monitoring technologies by 2023.1 Using AVEVA Predictive Analytics software, power generation companies can improve equipment reliability and performance while avoiding potential failures.

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