Why effective asset management adds value to energy companies
As established utilities companies are facing the challenges of an ageing infrastructure, squeezed margins and disruptive new entrants, the need to be able to maximise assets effectively is therefore essential. The issue though is balancing often conflicting corporate objectives – reducing costs and ensuring reliance. The advances in technology mean that analytics, internet of things and machine learning can contribute to creating a far more effective maintenance programme. Read our latest paper “Effective asset management for the utilities industry” to find out how technology is revolutionising asset management.