Navigant Research estimates that utility companies will spend almost $50 billion on asset management and grid monitoring technology by 2023. Today many organizations are facing budgetary challenges in order to increase reliability, uptime and safety within their facilities.
The industry is adapting to new technologies including utilization of advanced sensors and sensor fusion, edge devices, artificial intelligence, and machine learning to create the maintenance center of the future.
In the presentation, we will discuss:
-Real examples of ways utilities are moving to more advanced monitoring and diagnostic capabilities and the technologies involved.
-The fundamentals of machine learning and how it can be applied to improve equipment reliability and performance, and reduce operational and maintenance costs.
-How machine learning can augment or even supplement human subject matter experts by providing significant advance notice of asset performance issues.