It is my priviledge to co-present with Rory Shaffer at the North America SAP for Utilities conference on the topic of “Achieving Operational Excellence in a Data Driven World”. When I was asked to write a blog post, I struggled to find an approach to this subject that was different from everything else that has already been produced on the topic of what I refer to as the “Acronyms” IT/OT, IoT, and Big Data. I think that the amount of discussion and number of articles written is a testament to the significance of these Acronyms.
An approach I use when trying to visualize a large concept is that I apply a use case, so when you consider the Acronyms I believe that the challenge is to find a use case that is applicable for your organization.
An example of a use case would be Condition Based Maintenance, CBM, this concept been around for some time, but for conditions we typically relied on inspection data collected from a technician, maybe a lab result, or readings from test equipment. With the advent of IoT and all the associated sensors, the amount of data has grown exponentially and this offers new opportunities to leverage condition data.
As a use case CBM offers a number of advantages:
- CBM is proven. I encourage you to see the PSE+G success story that will be presented, they will show the value obtained through CBM and they have been achieving this for some time.
- CBM is easy to explain to a leadership
- It provides a foundation on which to grow. Prove the value of the technology and apply more use cases in the future
As always a large part of the value of a conference is the opportunity to discuss topics such as the acronyms. I look forward to meeting with customers, industry professionals and colleagues, discussing new ideas and use cases.
Our presentation on Achieving Operational Excellence in a Data Driven World will take place on Monday, September 14th at 10:50 a.m. We are part of the Leveraging Assets track chaired by our company, Vesta Partners. Read more about this track.