Best Practices in Utility Asset Management: Maximizing the Lifetime Value of Your Assets

Utility companies frequently struggle with balancing the need to invest in modern equipment and infrastructure with demands to minimize costs for customers. One of the most effective ways to avoid substantial rate hikes is to maximize the lifetime value of every existing asset (as well as new assets as investments are made). To get the …

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Are Automated Data Collection Systems Cost-Effective? How to Justify Your Investment

Automated data collection systems are often a substantial investment, particularly for enterprises first implementing company-wide initiatives involving thousands of assets. Automated data collection champions within organizations are often eager to prove ROI in order to justify both the effort and the cost. Fortunately, justifying investments in automated data collection is feasible, and often within reasonable …

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Asset Management is the Foundation of LDAR Programs

Choosing an effective asset management solution is key to successful LDAR management. Using automatic identification and data capture practices along with durable, application-suitable LDAR tags and steam trap tags that are compatible with asset management software applications streamlines the process of gathering and maintaining large amounts of data for regulated parts and equipment. This drastically …

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