From birth through retirement, a utility asset typically passes through five lifecycle stages. Most utility companies manage assets in silos, with a unique set of people, processes, and systems responsible for them at each stage. While the clear path for asset optimization is having access to relevant data about an asset across all stages, a siloed approach often leads to the need to recreate asset data as it advances to the next stage. Because this data is essentially its “story,” this exercise can lead to inaccuracies that can expose a utility to costly errors, both financially and in the form of negative attention from regulators and customers.
In the Optimizing Asset Lifecycle Management webcast, ask questions and get insight directly from experts at Oracle Utilities on topics including:
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