The data driven asset shows the proportion of power plants (in terms of total installed capacity) that are fitted with sensors and software that enables the utilization of data for digitalized, remote, or automated plant management.
In the field of power generation, asset data is essential. Without it, utilities are left to make educated guesses regarding the lifespan of their assets, when repairs will be necessary, and the best ways to enhance plant productivity. It provides plant owners with the means to reduce operational and maintenance expenses while assuring extremely dependable power delivery.
How is Data Driven Asset important?
The tools and information plant operators and maintenance staff require to forecast equipment performance and manage the dependability and maintainability of their capital-intensive equipment are available in databases of historical and real-time operational data, such as ORAP, this way the data assets help to forecast the performance is highly significant in this industry.
This skill has numerous benefits. One aspect of SPS’s service, for instance, keeps track of spare parts and keeps track of their operational age, the number of times they’ve been serviced, and the cost of each repair.
How does Data Driven Asset work?
Because the data was sometimes spread across many databases, it was previously challenging to correlate dependability with thermal performance. Creating a consistent collection of data to present for the study is one of the most time-consuming processes in data analytics for dependability analysis.
Without needing to be aware of the methods used to gather the data, the tag names, or the units of measurement used at the various locations, MapEx performance monitoring software uses the PI System’s Asset Framework to retrieve measured data from numerous gas turbines at various sites.
Using the same analytics for every site, MapEx can determine intricate performance characteristics such as adjusted power, heat rate, compressor efficiency, inlet airflow, and firing temperature. After that, it can present the findings in a manner that is comfortable for the website. An asset manager can simultaneously access results for all sites in the same units of measurement to make analysis simpler.
Also Read: What is a Data Logger?
What are the results of Data Driven Asset?
The client is now able to make data-driven decisions that improve the bottom line and provide them with a clear competitive edge by combining the real-time data management capacity with the benchmarking and analytics capabilities. Currently, data collection at all power plants is standardised and uniform. The new system has also significantly decreased the amount of data collecting required from plant employees by automating the process.