The time is now for transmission and distribution (T&D) operators to embrace digital transformation. From improved customer service to enhanced safety, the advantages of updating operations with digital technologies cannot be overstated. Utilities that successfully transform stand to cut operational costs by 25% and see performance improvements up to 40%, according to a McKinsey study.
For many utilities, digital transformation of business processes that affect network model data delivers a high return on investment. With a faster pace of change, new regulations, and new resources such as the Internet of Things (IoT) and distributed energy resources (DERs), it’s more important than ever to have unified, complete, and accurate electric network model data.
Unfortunately, T&D organizations are traditionally siloed into various operational, maintenance, and business functions. Data disparities, errors, and inaccessibility result. This hinders the ability to analyze data from the grid and apply relevant learnings contextually and holistically. Allowing the isolation of data across your utility results in higher costs, increased risks, and avoidable inefficiencies.
By adopting a shared network model integrating GIS and ADMS, cooperation among departments becomes simpler. The grid data itself becomes an information asset that can be leveraged across the enterprise to drive more effective decision-making and faster progress.