Effective asset management is critical in ensuring utilities can improve efficiency and reduce costs without compromising service quality. More than just maintenance, Enterprise Asset Management (EAM) aims to optimise the entire lifecycle of an organisation’s physical assets.
With big data and the IoT transforming the way asset information is managed in the digital age, more and more organisations are looking at implementing advanced EAM software to ensure assets operate more efficiently and with minimal disruption.
By setting up a dedicated EAM platform, utilities can monitor and analyse the real-time condition of their assets, offering more informed decision-making and opportunities for preventative maintenance and asset life extension.
With concerns about aging assets and the cost of replacement, utilities are seeking maximum cost efficiency and return on their assets.
IPS-ENERGY Australia Pacific is the Australian branch of IPS-Company Group, a global organisation headquartered in Munich, Germany, that specialises in Enterprise Asset Management for electrical power utilities.
The company works with utilities across five continents to deliver one of the world’s most comprehensive asset libraries and all necessary data models for electrotechnical equipment.
IPS-SystemsTM products can provide support for entire substations, including both the primary and secondary equipment inside, as well as power lines and cables.
With a variety of module groups, IPS can implement a brand-new EAM system or improve an existing EAM by filling in any gaps in the software.
IPS-SYSTEMSTM Editions and Module Groups include IPS-ENERGY, IPS-SmartGridDITM and IPS-EPISTM, all of which are available in the latest release and at different pricing structures (Core, Executive and Enterprise).
The products are aligned to ISO 55000 and PAS 55 standards, as well as others in the industry.
Whether purchasing a complete specialised EAM platform or auxiliary modules, IPS-SYSTEMSTM products can provide utilities with a range of functions, including advanced Asset Performance Management (APM), intelligent electronic device (IED) configuration management, maintenance concept, planning, work ordering, work execution, maintenance analysis, and mobile workforce management, with mobile access to technical documentation and a geolocation interface.
Current Australian Customers include Energy Queensland (Ergon Energy and Energex), ElectraNet and Horizon Power, with IPS biggest global customer being American Electric Power, one of the largest electric utilities in the US, serving nearly 5.4 million customers in 11 states.
According to Gartner, the world’s leading IT research and advisory company, utilities looking for a product tailored to an engineering focus on physical characteristics should consider IPS-Systems in their shortlist.
“This partner content is brought to you by IPS-ENERGY Australia Pacific. For more information, visit www.ips-energy.com.”