Future of

(Digital) Asset Management

Keynotes:
National Seminar on Integrated
Strategic Asset Management - MKI

Seno Hardijanto
Director ASEAN
“the cost of an outage for large
companies can escalate into the
millions of dollars per hour of
downtime while the Department of
Energy estimates that outages cost
the U.S. economy $150 billion
annually.”

Source : BloomEnergy

Disruptive sustainability forces
are reshaping the Utilities
industry
58%
of Energy & Resources CEOs most
frequently identify sustainability
as their greatest challenge in 2022
51%
Energy & Resources CEOs see
sustainability as a business
opportunity that will drive growth
IBM Sustainability Software / © 2022 IBM Corporation
Electricity ecosystems are
important to address
challenges of energy
transition and net zero
Cross-industry collaborative
ecosystems are needed more than
ever to enable multi-directional
energy flows, greater resiliency,
and flexibility, accelerating the
energy transition.
Leveraging customer
interest in sustainability as
a differentiator for new
services
Utilities are prioritizing the usage
of innovative zero to low carbon
alternatives such as electric
transportation, renewables,
ecosystem networks, and energy
flex platforms.
.
Exponential technologies
are becoming integrated
with electric grids enabling
more efficiency and secure
operation
Decentralized assets and
advanced IoT sensors, real-time
data, advanced analytics, AI, and
advanced cybersecurity increase
efficiency and reduce risks.
Massive investments to
modernize and expand
electric utility
infrastructure
Investment in utility platforms will
exceed $180B in the next 3 years
and is projected to continue to
grow to meet clean electrification
targets.
3
Our surveys confirm:

Utility CEOs face Effective execution Integrating

pressure, urgency, and requires conviction, sustainability and
uncertainty as they a strong technology digital transformation
pivot to action on and data foundation, drives stronger business
sustainability and open innovation performance

IBM Sustainability Software / © 2022 IBM Corporation 4

Turn sustainability
ambition into action
Turn sustainability ambition into action

Sustainability Strategy Co-creating a sustainability agenda and pathways towards

and Roadmap delivering corporate social impact and business value

ESG Data, Reporting System of record for ESG data and insights to measure, report,
and Risk Management operationalize and achieve your sustainability roadmap

Intelligent assets, facilities Responsible computing Sustainable supply

and infrastructure and green IT chains and circularity

Operational insights to Responsible computing to Intelligent workflows for

drive clean energy transition, enable sustainable IT and equitable, transparent,
efficient waste management, drive social impact and carbon regenerative
and decarbonization supply chains

IBM Sustainability Software / © 2022 IBM Corporation

What if you could…

• Reduce maintenance and replacement costs by

10-30%
• Save 15-40% labor hours
• Extend asset life
• Plan to replace or maintain assets by
understanding when they will fail
• Capture knowledge from your transitioning
workforce
• Ensure a robust grid
• Improve worker safety
• Delivery more affordable energy
• Project an improved/favorable image
Why Now?

• A more robust grid with fewer service

interruptions due to…
• ageing infrastructure
• asset failures
• greater demand from alternative
energy sources
• extreme weather events
• Assist with transitioning workforce
• Reduce maintenance with
repair/replacement decisions
Asset performance
management (APM)
APM is about optimizing
performance of operational
assets…increasing asset
availability, minimizing costs of
maintaining assets, etc.
It includes:
▪ asset strategy and
risk management
▪ predictive asset management
▪ condition based maintenance
▪ replacement optimization
APM is designed for decision
support
Advanced analytics and AI are driving differentiation.
It helps engineers and planners make better
decisions by shifting asset maintenance strategies
from preventive to predictive and prescriptive
Enterprise Asset Management (EAM) is
designed for maintenance
execution and asset data
EAM and APM are inter-related by very different
systems. The focus of EAM is around execution
related activities like work order tracking, etc.
What is my asset
performance?

Success metrics:
▪ Are we reducing risk?
▪ Are we improving asset availability?
▪ Can we reduce scheduled
preventive maintenance?
▪ What is our performance against
downtime and SAIDI/CAIDI/SAIFI
targets?
▪ Are we minimizing inspection hours
and mean time between failure
(MTBF)?
▪ How do I reduce expense without
sacrificing reliability?
Maintenance strategies differ by asset class
Asset Management Strategy and Maturity Model: Asset
utilization and availability
The asset strategy and maturity changes depending on factors including

Data driven decisions (analytics)

asset/replacement cost, criticality of asset, usage patterns and impact of failure
on safety, environment, operations, financial and public image.

Financially
Risk-based optimized
Predictive
Condition maintenance
Usage based
Calendar based
based
Run-to-fail
Reactive

Asset value and business impact

Maintenance is an expense Maintenance is an investment

 Maximo Application Suite
Powered by AI-based Automation

Winning in maintenance requires a

solution brings operations, maintenance
and reliability together.

There is a new breed of intelligent

assets that will use advanced
technologies to manage themselves.

IBM Think / © 2022 IBM Corporation 12

Infinity Loop
Directional, Iterative, Cyclical, Continuous & Impactful

Service &
DESIGN & Asset Maintenance
ENGINEERING investment Operations
Improve planning M EA SURE
Informed design
options or OP ERA TE
optimisation
Data feedback

REQ UIREM ENTS

A SSURA NC E

Learn Informed
intervention
Options Commission
Simulate C ONC EP T & C ONSTRUC TION &
P L A NNING C OM M ISIONNING
Reliability

10/2/2023 14
 technology
Reliability

10/2/2023 15
 machine learning robotic security

IT-OT-ET
technology
Reliability
visual analysis AI descriptive analytic

10/2/2023 16
 machine learning robotic security

IT-OT-ET
technology
Sustainability
visual analysis AI descriptive analytic

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