Wednesday, July 6, 2022
Tech ObserverNewsEnterprise ITIndia Grid banks on IBM to deploy AI-powered asset management platform

India Grid banks on IBM to deploy AI-powered asset management platform

and India Grid Trust have collaborated to build an artificial intelligence (AI)-enabled asset management platform. will deploy a solution with IBM Maximo Application Suite running on the secure and open IBM Cloud to optimise the quality and utilisation of its assets throughout their lifecycle, increase productive uptime through preventative and predictive maintenance, drive efficiency and reduce operating costs, a statement said.

Currently, IndiGrid has 11 operating projects consisting of 28 transmission lines with over 6,280 circuit KMs length and 9 substations with 11,460 MVA transformation capacity. It plans to grow its asset base in transmission and solar sector. Through this digital transformation with IBM Services, IndiGrid will be able to monitor, manage and maintain these multi-component assets efficiently and leverage AI for detecting anomalies at scale.

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.

The IBM Maximo Application Suite deployed by IndiGrid integrates IBM Maximo Enterprise Asset Management, IBM Maximo Asset Monitor and IBM Maximo Asset Performance Management on a single hybrid cloud platform running on IBM Cloud and Red Hat. It will be further bolstered by capabilities purpose-built for transmission and distribution businesses with specific asset hierarchies, industry asset models and usability features.

Commenting on the collaboration, Satish Talmale, COO, IndiGrid, said, “IndiGrid has adopted a long-term Reliability Centered Maintenance (RCM) approach to manage its assets with utmost safety, reliability and efficiency. This collaboration with IBM will enable IndiGrid to lead the sector transformation from the conventional-corrective practices to preventive and resilient-RCM approach. This approach is laid on the back of industry-leading process standardisation, predictive and risk-based maintenance practices and also upskilling of its workforce for digital asset management.”

Adding to it, Kamal Singhani, Country Managing Partner – IBM Services, India/South Asia, added, “For India’s energy companies, constant upkeep of critical infrastructure is paramount to ensure reliable, safe and uninterrupted services. The operational and financial impact of these assets are multifold. By capitalising on new AI and cloud capabilities to bring Industry 4.0 live in action and gain from it, IndiGrid is paving the way for the industry. With IBM’s Maximo Application Suite running on IBM Cloud, IndiGrid will be able to take the preventive, predictive and prescriptive actions required to reduce risk, lower costs and improve efficiencies – helping them to realise their vision to be the most admired yield vehicle in Asia.”

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