Leveraging IIoT to knock down data silos
The Harnessing Data Award recognizes those that are leveraging digital industrial technologies to bring together data silos to improve visibility, efficiency, productivity, and quality while also reducing cost and waste.
Global mining and metals company and Deloitte
A global mining and metals company has embarked on a digital transformation journey partnering with Deloitte, GE Digital, and GE Digital Mine to utilize Predix Asset Performance Management (Predix APM) across their business.
Applying Predix APM aims to ultimately deliver a change in their asset management from being reactive to preventative, in turn improving asset health and reliability, and reducing downtime, risk and maintenance cost.
Nova Scotia Power
Like many utility companies, Nova Scotia Power (NSP) faced a series of challenges that included aging generating assets, growing knowledge gap, changing generation profile and utilization, increasing stakeholder scrutiny, and need for increasing transparency by regulatory agencies. A key to meeting those challenges was the standardization of their work management processes throughout their steam, hydro, and combustion turbines fleet.
To overcome these challenges, the NSP Asset Management team partnered with GE Digital and GE Power Digital to apply real-time analytics to their APM program, following a progressive strategy consisting of focus on and improvements within their work management, reliability, advanced technology, information management, and asset planning processes. Specifically, they use APM Health and APM Strategy, part of the Predix APM solution suite, to manage and extract value from their flood of asset-related information—providing ongoing, near real-time visibility to their fleet assets’ health to enable informed decisions around strategies for improving the collective reliability of the fleet. More recently, NSP has begun to use the policy designer capabilities in Predix APM to perform operational risk assessments of selected asset families to allow for better prioritization of their resources, capital, and labor on asset classes showing the greatest or unacceptable risk to the business. These benefits have translated into millions in cost savings over 5 years.