It is not enough to consider the solution's functionality and user feedback when determining its viability; the solution must also be financially sustainable.

FREMONT, CA: Unfortunately, operators and field crews across the nation continue to suffer from restricted access to information and data in the field, and technology can assist mitigate these difficulties by providing real-time, centralized access to information.

If people are monitoring or guaranteeing the adequacy of their natural resources, having all of their infrastructure documentation, quality assurance plans, and other vital information accessible from anywhere is of great advantage.

In addition to providing real-time access to information on the field, utility asset management also includes organization. Multiple teams, contractors, asset types, locations, and aging equipment contribute to the complexity of day-to-day operations. Incorporating a consistent set of operations tools into utility asset management will ensure everyone is on the same page, give monetary benefits, and simplify operations.

In the asset management community, there has been much chatter regarding anticipated energy and utility business changes. From growth in individualized consumer contacts to the evolution of pricing strategies, 2020 will be a monumental year.

Moreover, there is an increasing desire for digitalization to rewire present procedures and provide real-time access to field data. Businesses will begin integrating data analytics, digital marketing, IoT, and mobile payments to interact with a new generation of digitally sophisticated consumers. Technology advances at an exponential rate; thus, it is essential to stay ahead of the curve while energy asset managers still can.

It is challenging to persuade management to adopt new technology, locate the funding, go through the purchasing procedure, and then implement a new software solution in a business.

Designing a platform people will employ is more complicated than it sounds. There is a risk of over-designing tools; if energy asset managers construct a solution without department employee support, it will not be utilized. Therefore, they require a flexible, simple solution that can generate more complicated solutions. They need the staff of the department they work for to submit input early on to aid in the creation of this solution."

When building a new tool, ensure that the answer is not overly complicated or forced upon a program; otherwise, it won't function. It is crucial to develop a plan with all potential users, from management to workers experiencing the issues.

The financial benefits of utility asset management may be obvious, but the operational benefits will set the utility department apart in the next 10 to 20 years.

When energy asset managers have a user-friendly, customized solution in the field, they can capture the institutional knowledge of their seasoned personnel, make it accessible to all, and provide transparency and access to the present status of work.

Utility Cloud is fantastic for many different people, environments, and requirements because it is adaptable, easy to develop, and creates simple solutions that can support sophisticated applications.