Posters

Abstract

The energy industry is proliferated with asset management software addressing day-to-day inefficiencies, and identifying areas of opportunities for revenue generation from renewables asset operations. Most software technology providers claim the value they bring either by way of Annual Energy Production (AEP) improvement, or O&M cost reduction. While these metrics might be any customer's end goal to use such software, it's easier said than done to accurately quantify the same, given the complex outcome tracking involved, and above all, ensuring that the customer tracks the software insights consistently. The key benefit of renewables asset management software is automation, efficiency, and convenience. Many functions we perform using software, from calendar to supply chain management, could be done manually, but it's cumbersome. The power of software, such as Salesforce or SAP, is to glean efficiency improvements and convenience for users to track and manage large volumes of sales leads, or globally spread out, multiple supply chains. The same holds true for renewables asset management software. If you assess the software merely on AEP improvement opportunities, for it to capture what your best engineer cannot, look elsewhere. In most cases, the software won't be able to beat your best engineers, who know your assets inside out. However, the software will amplify the capability of hundreds of your best engineers to handle your growing fleet. It's like getting your wish come true to replicate your top performers. But how do you quantify value in terms of automation, efficiency, and convenience. We will discuss in detail how to use retroactive revenue analysis and business scaling tests to quantify that using real-world examples. We will demonstrate the true power of renewables software to support digital transformation in the energy industry, and how it can positively impact your business bottomline.