Energy, Infrastructure Collaborate for Visual Analytics
More and more, construction industry partnerships are providing advanced visualization and predictive analytics, to fuel innovation and growth. This is particularly timely, as natural gas is currently experiencing increased demand thanks to low costs, growing supplies, and reduced environmental impact compared to traditional power generation.
In many regions, transmission and distribution pipeline operators are strengthening and expanding systems, leading to new capex, income, and shareholder value. While new build is on the rise, there are still significant assets that are aging. Despite growing pressure for new levels of safety from customers and regulators, the frequency of recent pipeline incidents has remained constant and severity has been on the increase.
To help, Space-Time Insight, www.spacetimeinsight.com, San Mateo, Calif., is teaming with Enovation Partners, www.enovationpartners.com, Chicago, Ill., to provide advanced visualization and predictive analytics to natural gas transmission and distribution operators.
Space-Time Insight combines data from many different pipeline sources to provide realtime spatial analysis and help companies anticipate system problems and maintenance—and provide not only compliance assurance to regulators and customers, but also advanced approaches to gas integrity management.
This allows professionals in pipeline-related businesses to address tough challenges including achieving maximum risk reduction per dollar invested; use of multiple data source for realtime intervention to avoid potential system incidents; reducing complexity, cost, and risk by implementing a consistent approach to asset condition assessment and reliability centered maintenance; and deploying an end-to-end methodology for efficient and effective asset investment planning.
With a proactive focus, Enovation Partners and its natural gas team offer a comprehensive integrity management assessment program and a solution focused on risk-based compliance assurance for construction, leak detection, and other inspection functions. And, now, in collaboration with Space-Time Insight, Enovation can enhance those programs with situational intelligence and predictive analytics.
Transmission and distribution operators have to provide assurances to the public, employees, investors, and regulators that they can manage their pipelines safely and effective, according to Matthew Guarini, director, Enovation Partners.
To solve the most critical challenges that natural gas pipeline operators face, Space-Time Insight sought a partner with recognized strengths in the gas industry and specifically integrity management, adds Ajay Madwesh, VP Utilities IBU and Solutions, Space-Time Insight.
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