APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Energy
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    Editor's Pick (1 - 4 of 8)
    left
    Greenfield Development: The View from a Renewable Energy Startup

    Paul Liddell, CIO Redback Technologies

    Tata Power: A Case Study on the use of Technological Innovation, Digitization and Data Analytics

    Anil Sardana, CEO, TATA Power

    Power Factor  Efficiency in the Usage of Electricity

    Joe Coco, EGM - New Ventures, Solgen Energy Group

    Utility was Yesterday, Tomorrow is Internet of Electricity!

    Mathias Steck, Vice President, DNV GL

    Cyber Threats in Energy Companies

    Eric Eifert, SVP, DarkMatter LLC

    Balancing Risk Management with Technology in Singapore's Energy Market

    Andrew Koscharsky,

    The Future of Technology in Unconventional Shale Production

    Jeff Foster, President & CEO, MicroSeismic

    An Integrated Grid at the Intersection of IT and OT

    Matt Wakefield, Director of Information, Communication & Cyber Security Research, Electric Power Research Institute

    right

    Adaptive Planning Analytics Support Utility Transformation

    Dean Oskvig, President & CEO B&V Energy, Black & Veatch Holding Company

    Tweet
    content-image

    Dean Oskvig, President & CEO B&V Energy, Black & Veatch Holding Company

    Electric utilities are in the midst of a significant business transformation. They must align their power generation portfolios to address increasing air emission and surface water regulations as well as state-mandated Renewable Portfolio Standards (RPS). Many traditional power plants are aging and nearly 60 gigawatts of coal-fired capacity will be shut down by 2020. Yet investment in new generation capacity lags that scheduled for retirement. Utilities are challenged to predict future demand as electric vehicles, distributed generation resources, energy storage systems and demand response programs gain traction. Outside the regulatory sphere, the industry presses on with a host of challenges and opportunities: consolidation to grow scale; the need to reduce operating costs and improve efficiencies; exploration of adjacent/new markets to further growth; determining how to harness low-cost natural gas; and improving overall disaster response to protect the nation’s vital power infrastructure. This disruption, propelled by a confluence of market dynamics and shifting technologies, will result in a leaner, more nimble electric utility industry that will be able to better deliver on its primary mandate: reliability. But getting there takes new approaches and smarter tools. The need to do more with less has driven an unprecedented level of utility technology deployments including Automated Metering Infrastructure (AMI), cloud services, and data analytics. These investments are paving the way for “Adaptive Planning” analytics that allow utilities to develop and modify plans in response to changing conditions, enabling them to better embrace a dynamic future with confidence.  Managing Interdependencies Adaptive Planning is a dynamic master planning process that uses advanced analytics to address interdependencies within and across activities. It provides an understanding of the interrelated effects of alternative courses of action, manages a diverse range of planning initiatives and requirements, and enables rapid asset, project and planning portfolio adjustments. Leveraging cloud-based computational capabilities, adaptive planning solutions use data to create, compare and optimize complex planning decisions, including the visual identification of investment priorities using a risk-based approach. Adaptive planning solutions apply a common asset framework across all areas so that interdependencies between asset management, capital prioritization and operational effectiveness can be fully

    captured while outputs from each planning area can be used as inputs into others. Adaptive Planning Use Cases Black & Veatch is using Adaptive Planning analytics to work with utilities make more informed capital investment, asset management, and operational decisions to reduce business risk and save time and money. Some use cases include: • Asset Management: For evaluating and visualizing asset health issues and risks and exploring the impacts of changing project timing. • Capital Prioritization: To identify and evaluate capital in- vestment options, such as distributed renewable investments, against many potential future scenarios and impact areas. • Maintenance Optimization: Working with utilities to do the right maintenance at the right time with an understanding of costs, risks and impacts of different maintenance schedules. • Emissions Compliance: Tracking regulatory compliance, anticipating potential issues, and identifying strategies to ensure compliance while balancing costs, reliability, and efficiency. Although more utilities are using analytics to improve operations, fewer are using the more predictive forms of analytics to prepare for an uncertain future. Fewer still are enhancing Integrated Resource Planning efforts with an Adaptive Planning approach that evaluates on an on-going basis any combination of project, technology, investment or regulatory issue. An Adaptive Planning framework enables utility planning efforts to shift from being an annual event to a more flexible, relevant and timely process that is more closely inte- grated into ‘business as usual’ activities. Benefits would come in the form of significant capital, operations and maintenance expenditure savings. Deploying Advanced Analytics Distributed renewable integration is a top electric utility concern. One Black & Veatch client intends to have two-thirds of its generation coming from renewable sources by 2030, including tripling the amount of distributed generation such as rooftop solar, all while lowering its residential customer bills. There are many possible paths to get there and a lot of ambiguity about what the future might hold. In addition to evaluating the technical feasibility of different approaches, it was necessary to explore and compare many options and implications including cost, reliability, future flexibility, and sustainability. Black & Veatch’s Asset360™ Adaptive Planning framework was used to model complex systems, run many different scenarios, and com- pare options across a wide-range of metrics. Cloud computing made it possible to quickly process and analyze billions of re- cords of data at the necessary level of granularity. This allowed the client to construct tactical plans that identify the steps to transition from current state to desired future state. Understanding that the world is not static, this framework can continue to be used to explore the impact of changing conditions, and to tie in greater levels of operating information as tactical plans are implemented. An Adaptive Future Looking ahead, we envision that many utilities will seek to de- ploy Adaptive Planning solutions in a phased approach. Due to the declining costs of sensors, actuators, chips, mobile devices, data storage and computing power, Adaptive Planning solutions will rapidly become more robust. Scenario creation and exploration will be augmented with an operational optimization frame- work in which software will search for and optimize operational results based on algorithms and math. With the reality of limited capital budgets, the ability of these solutions to derive information and value from installed technology is a critical benefit that cannot be overlooked. This allows utilities to test various strategies ranging from managing renewable integration and improving maintenance plans to flood and drought situations.

    “Adaptive Planning is a dynamic master planning process that uses advanced analytics to address interdependencies within and across activities” As these solutions create greater insights into utility operations and plans, data-driven forecasting capabilities and the ability to respond to rapidly changing events will empower utility leaders to maximize the performance of their physical and personnel resources. For organizations that have provided services, in some instances for more than a century, this will represent the greatest transformation in utility operations in decades.

    Check Out : Top Utility Analytics Consulting Companies
    tag

    Cloud Computing

    Weekly Brief

    loading
    25 Most Promising Energy and Utility Solution Providers
    ON THE DECK

    Energy 2016

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Responsible Data Leadership in an AI-Driven World

    Responsible Data Leadership in an AI-Driven World

    Gemma Dias, Head of Data Governance, Tyro Payments
    Driving Guest-Centric IT Innovation in Integrated Resorts

    Driving Guest-Centric IT Innovation in Integrated Resorts

    Ching Yip, Vice President of Information Technology, Hoiana Resort & Golf
    Microsoft-Covering People 360 Degrees...

    Microsoft-Covering People 360 Degrees...

    Khalid Nizami , Heads The Digital Transformation Center Of Excellence For Asia Pacific, Ecolab
    How Insurers Can Lead Digital Ecosystems and Better Meet Customer Needs Platforms Such as Microsoft Azure Can Help Companies Become Network Orchestrators

    How Insurers Can Lead Digital Ecosystems and Better Meet Customer Needs Platforms Such as Microsoft Azure Can Help Companies Become Network Orchestrators

    Chris Henderson, EY Asia-Pacific Data & Analytics Advisory, Partner
    Balancing Innovation with Stability in the Quick Service Restaurant Sector

    Balancing Innovation with Stability in the Quick Service Restaurant Sector

    Anthony Sok, General Manager Information Technology, Sushi Sushi
    AI at the Table: Simulating Stakeholder Voices in Policy Design

    AI at the Table: Simulating Stakeholder Voices in Policy Design

    Dr. Rolly Alfonso-Maiquez, Director of Technology and Data Protection Officer, Verso International School
    Where Technology Meets Tradition in Sports

    Where Technology Meets Tradition in Sports

    Rey Sumaru, General Manager IT & Innovation, Melbourne Cricket Club (MCC)
    Why Software Delivery Centres Fail In Insurance

    Why Software Delivery Centres Fail In Insurance

    David Bejar, Vp Head of IT Software Engineering, Allianz Indonesia
    Loading...
    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://energy.apacciooutlook.com/cxoinsights/adaptive-planning-analytics-support-utility-transformation-nwid-743.html