The article published by T&D World “Global Data Asset Collaborative to Increase ROI for Utilities” discusses changes to the energy landscape and how “many utilities recognize that the challenge of maintaining grid reliability is now greater than any single company is able to solve on its own.”
VIA’s Global Data Asset Collaborative™ (GDAC™) was established in early 2019 to allow multiple companies to securely pool data for more accurate analytics. The benefits of GDAC™ are featured in the article:
Both utilities and regulators benefit from GDAC™. For utilities, what VIA has found is that by protecting the data of each company, the data issues become easier and the focus of analytics efforts returns to the analysis (not restrictions to sharing the data). The impact on members who take this collaborative approach is that they end up with greatly improved analytics. For example, members get benchmarks of their equipment condition and maintenance routines in a more real-time and customized manner. They also get the benefit of learning from issues that others have had rather than just issues that they have seen — this leads to earlier warnings about equipment. And finally, as an economic impact, GDAC™ members have been seeing fewer corrective maintenance callouts, better planning for spares and inventory, and faster and simpler preparation for rate cases.
For the full article, visit the T&D World website.