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IndiGrid Ties Up With IBM For Digital Transformation Of Critical Power Infrastructure
IndiGrid currently has 11 operating projects consisting of 28 transmission lines with more than 6,280 circuit KMs length and 9 substations with 11,460 MVA transformation capacity and plans to grow its asset base in transmission and solar sector.
Photo Credit : Reuters
Infrastructure Investment trust IndiGrid on Thursday announced a multi-year collaboration agreement with IBM to build an artificial intelligence (AI)-enabled asset management platform.
The IBM Maximo Application Suite will allow IndiGrid to become future-ready by improving the overall health of its assets and maximise the full potential of their operating life, while adhering to safety and regulatory guidelines, a company statement said.
Technuter
IBM and India Grid Trust announced a multi-year collaboration agreement to build an artificial intelligence (AI)-enabled asset management platform. IndiGrid will deploy a hybrid cloud solution with IBM Maximo Application Suite running on the secure and open IBM Cloud to optimize the quality & utilization of its assets throughout their lifecycle, increase productive uptime through preventative & predictive maintenance, drive efficiency & reduce operating costs ultimately delivering better value to its investors.
Enterprise asset management (EAM) is crucial for obtaining the insights and visibility needed to maintain and control intelligent assets and equipment. According to International Data Corporation (IDC), monitoring performance and scheduling repairs with predictive maintenance alone can reduce costs by 15%-20%, improve asset availability by 20% and extend the lives of machines by years.