Pipeline Predictive Analytics

The context of this post from Black & Veatch is the natural gas industry, but the ideas apply to a host of asset management intensive industries.  Link to the article.  From the post:

"Will Williams, Managing Director in Black & Veatch’s Management Consulting Division, said utilities that perform asset management principles have a much better understanding of the risk of their business and which portions need the most critical attention. He said such an undertaking helps utilities to prioritize the capital investments, better understand their risk, and implement policies and procedures that make sure high standards are maintained.

“Asset management helps clients understand the design, materials and deterioration rates of their infrastructure,” Williams said. “They’ll realize when a pipeline reaches a point where the risk is no longer acceptable.”"