A Common Problem and How AI Can Help
Outages are incredibly expensive to organizations managing critical infrastructure. As such, utilities try to bundle together as much asset sustainment work as possible during outages in order to minimize downtime. Doing so manually is a laborious process that often results in taking outages more often than necessary, higher costs, and an inefficient use of resources. Leading organizations are leveraging artificial intelligence (AI) to automatically bundle as much work into scheduled outages as possible to reduce service interruptions and maximize value.
In a recent webinar hosted by Energy Central, Rachel Grillot, Solutions Consulting Lead at Copperleaf®, and Paul Carter, Product Manager at Copperleaf, discussed the major problems AI can solve in this area. Through client use cases and data collected from organizations across the globe, they provided a foundational overview to help utilities get started with an AI-driven outage scheduling strategy.
How Intelligent Bundling Works
Copperleaf’s Intelligent Bundling capability analyzes the costs and value of asset interventions—and how these factors change when projects are deferred or advanced in time. It automatically groups projects together when it determines that the cost savings that can be achieved by bundling outweigh the reduced value your organization incurs from repairing or replacing an asset outside of its optimal intervention date. Intelligent Bundling’s AI-powered optimization identifies asset intervention bundles that will minimize costs, reduce service interruptions, increase productivity and resource usage, and maximize value for the organization.
The Benefits of Intelligent Bundling
Throughout the webinar, Paul and Rachel demonstrated how Copperleaf’s Intelligent Bundling is helping organizations achieve the following benefits:
- Reduced Operational Costs. Bundling asset interventions together reduces costs, as some costs can be shared across multiple asset interventions, and work can be accomplished more efficiently.
- Fewer Outages. Many organizations need to interrupt service (e.g. network outages, road closures, etc.) to execute asset interventions. Bundling these interventions together minimizes the frequency, duration, and associated costs of these interruptions.
- Increased Value: Bundling asset interventions together reduces the resources needed to complete the work, enabling organizations to reassign valuable resources to other tasks—and increasing the total value of the portfolio of work that can be accomplished.
Interested in learning more with helpful visuals and real-life client use cases? Check out the full webinar available on demand here!