HOT|COOL NO. 3/2018 - "Digitization"

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GENTOFTE DISTRICT HEATING COMPANY MEMB E R COMP ANY P RO F I L E ORBICON INFORMATICS

Why asset performance management will make a difference Managing your assets with respect to climate and environment risk, regulatory compliance, operational and maintenance cost structure and new technology is critical in utilities. Asset performance management (APM) solutions provide a tool to reduce failure risk and unscheduled activities, hence minimizing maintenance cost and having the assets benefit from higher reliability - ultimately increasing the organizations service level through: • Asset strategy • Predictive analysis • Risk analysis Enabling intelligent data capture and data sourcing through internal and external data sources as well as IoT devices, APM is taking the organization to new levels of asset understanding. Combining this understanding with management level recommendations of criticality and financial impact will lead to an optimized decision making. At Orbicon Informatics, we offer a unique utility software called data|APEX that enables such decision-making support for district heating organizations. It’s all cloud based making it less expensive and updated at all times! THE MATURITY OF TECHNOLOGY New technology is changing the game when applied to advanced analytics in APM. Technologies such as machine learning and artificial Intelligence (AI) is used to train algorithms for the identification of patterns that can predict potential failure. By applying geodata in the data|APEX solution as well, specific network data and sensor data provides segmented predictions and analysis that understands network conditions and consumer impact.

At Orbicon Informatics, we believe that the planning, investment and maintenance cost of critical utility assets, such as the network of water, waste water, energy and district heating networks, can be significantly optimized by the use of Big Data and Analytics software. DIGITAL TRANSFORMATION BY INTELLIGENT SOFTWARE Digital is no longer just a factor to consider in a pure technical and operational context. Utilities are globally facing a major change in the way their business is being managed, regulated and developed – with digital being a leading driver. Digital will have great impact in redefining the operating model in the utility industry with increased service levels and optimized investments as a result. To achieve success with the implementation of the digital benefits, a digital transformation must be rooted in the top management of the organization. Hence, digitalisation must be an embedded part of the company strategy, so management themselves must lead with digital solutions. DATA DRIVEN MANAGEMENT DECISIONS Utilities are globally facing similar challenges. Aging infrastructure and aging workforce, public regulated capital to invest in new equipment, and a continued efficiency focus are all stressing the utility industry. Optimized decision-making, improving performance, reducing costs, and minimizing risk, are key words when using data and knowledge that already exists, combined with the investments made in sensors and smart meters – processed in a dedicated software solution. Asset centric district heating utilities and their organizations stand to gain from the increasing digitization using dedicated utility software to process and analyse their asset data.

The data|APEX platform integrates a range of analyses to meet the demand of utilities within water, waste water and energy.

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