Utilities Risk Management | Logic20/20

Utilities Risk Management

 

 

 

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Modernize the grid and reduce risk

 

Energy companies across the United States have a growing responsibility to identify and prioritize risk in vegetation management, asset management, wildfires, and pipelines. Potential fines and customer interest have made risk management a more pressing concern, especially as shifting environmental factors redefine its scope. Once primarily seasonal, it has become what Cecile Juliette, public information officer of the California Department of Forestry and Fire Protection, called “more of a fire year.”

 

At Logic20/20, we use data analytics and predictive models to help utilities keep communities safe, avoid disruptions, and optimize costs. Data science solutions like computer vision, MLops, cloud migration, visual analytics, Foundry implementation, and Centers of Excellence enable utilities teams to act decisively, quickly, and with maximum impact.

 

Residential power lines

Challenges

 

Safety for customers and the environment

 

Regulatory compliance

 

Cost management

Customer satisfaction

 

Integration of new technologies

 

Changing environment

Benefits of Analytics for Risk Management

 

Lower risk and improved safety


Organized data, intelligent predictions, and clear data visualizations make it easy to schedule and execute on vegetation management and avoid service disruptions.

 

 

Documentation to support regulatory compliance


With their data organized and processes thoroughly documented, utilities can access key compliance information and run impact analyses to satisfy requirements like California’s Wildfire Mitigation Plan (WMP).

More effective cost management


In addition to avoiding costly fines associated with poor risk management, utilities can use machine learning solutions to send inspectors out when and where they’re needed and predict the timeline of failure.

 

 

Increased customer satisfaction via reduced downtimes


With assets managed properly, utilities can reduce and/or eliminate downtimes, keeping customers comfortable, safe, and happy.

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Utilities Risk Analytics Platform

 

Through our Utilities Risk Analytics Platform, Logic20/20 applies leading-edge analytics and machine learning technologies to create an end-to-end solution that is changing the way utilities manage risk.

 

Learn About the Platform

 

 

 

Vegetation Management

 

Modernize vegetation management with insights from machine learning, automated field management scheduling, and on the ground inspections

 

Learn About the Vegetation Management
Power lines across snowy landscape

 

Insights


Featured Insight

Using computer vision to help utilities prevent wildfires


In 2020 alone, California wildfires burned more than 4 million acres of land, destroyed more than 10,000 structures, and caused over $10 billion in damages. The state's utility providers are well aware of their role in fire prevention and many, like our client are turning to artificial intelligence to support the effort...Continue reading

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