In today’s utilities market, transmission and distribution utilities are rapidly moving towards a smarter world. With the current rapid pace of technology, utilities are now required to manage and maintain millions of physical asset attributes and characteristics in order for them to effectively manage and monitor the infrastructure network.
While price control reviews and regulatory pressures are becoming increasingly more strict and governing most of the transmission and distribution utilities, poorly managed asset data repository can lead to severe financial repercussions.
That’s why it’s more important than ever to examine the key challenges facing the transmission and distribution utilities in managing the physical infrastructure asset data, as well as identify ways to manage data better.
“A comprehensive framework for data quality management and monitoring is definitely and improvement going into the future. One cannot improve something which cannot be measured and tracked,” explains this article from Energy Central.