When beginning to plan for a new asset, you must consider both the risks and the benefits of each potential utility capital project. Effective project planning is crucial to selecting the projects that will deliver the greatest value for your investment. Further, a rigorous pre-planning process will reduce the volume of project proposals and speed up the selection process.
That path to cloud nirvana for utilities, specifically, admittedly has a few hurdles. Despite the obvious rewards waiting at the end of the journey, that doesn’t make getting there simple. Here are the top 7 problems you need to plan for—and plan a way around (or through).
What does full utility asset lifecycle management look like? From initial ideation to final retirement, every utility asset follows a cyclical path, a path marked by distinct, connected lifecycle stages: Plan, Estimate & Design, Acquire & Construct, Operate & Maintain, and Retire.
So, now that you’ve got the updated and upgraded CIS, now that you have IoT in everything, now that your OMS can find an outage or more, group problem areas and dispatch solutions and trucks and manpower to fix those problem areas in record time, what’s the next step?
Get a look at the working Connected Hub model town into the expanding Oracle Utilities Innovation Lab (an Oracle Construction & Engineering-led effort that now includes both Oracle Utilities and Oracle Communications).