As 2014 draws near an end, we reflect back to review what was significant in the past year. As we have worked with customers across the world, experienced their challenges, and worked together on strategies to improve their business practices, there are a few themes that consistently emerged.
Addressing an Aging Infrastructure with Innovation
Talking with energy enterprises revealed that there are big consequences when asset information is incomplete, hard to find, incorrect or inconsistent. As companies struggle to manage an aging infrastructure, we identified the benefits of asset management and how important it is to get control of asset-related documentation.
- At the ARC Industry Forum, there were many discussions about the connected plant. It became clear that asset lifecycle information management enables the connected plant and moves the needle of information management into a goal-oriented focus of better collaboration and connectivity.
- A new report from Ovum opened our eyes about how state-of-the-art asset lifecycle information management (ALIM) provides significant operational and competitive advantages. It even helps avoid certain risks and reduce costs.
- In a foreshadowing of events to come, we urged readers not to “wait for the big one” to prevent aging asset disasters and discussed best practices for organizing critical SOPs and asset-related documentation. A short month later, there was a significant earthquake in Napa, California that killed one, injured about 200 and interrupted power to 69,000 Pacific Gas and Electric customers. An early warning system automatically shut off gas lines to prevent some fires, but did not save 4 homes that burnt down in a mobile home park.
Better Information Management Eases Many Pains
With years of experience applying information management across the entire asset lifecycle, identifying best practices in plant information management was also a recurring topic. Our customers are increasingly recognizing that information being created through our plant information systems has considerable strategic value and needs to be properly maintained, continuously improved, and further extended.