COLUMBUS, OH--(Marketwired - Jun 29, 2016) - Utilities are very effective at restoring power after an outage. However, discovering where the next equipment failure will happen has been next to impossible. Today, proprietary technology from Exacter, Inc. is helping utilities predict where future outages will happen -- allowing for remediation of the problem before the outage occurs. "We believe the utility industry is changing from rapid response, run-to-failure approaches to using predictive data and conditions-based analytics to eliminate points of risk on the grid," states John Lauletta, CEO of Exacter, Inc. an Industrial Internet of Things (IIoT) company that uses trade secret algorithms to provide utilities with grid health visibility and predictive analytics. "If utilities can identify the locations of deteriorated equipment, they can make repairs before an outage occurs. This is significant because according to the DOE, 31% of all outages are caused by equipment failure." http://www.exacterinc.com
Exacter's technology has been in the field since 2007 and the company has surveyed hundreds of thousands of overhead circuit-miles across the US, Canada, Mexico and other parts of the world. Exacter has a powerful database of equipment failure trends for various regions and its surveys have identified unique failure signatures that it records while doing circuit assessments. http://www.exacterinc.com/experience
"Once we deliver our data, the utility is enabled to find out whether they should replace the equipment now, or wait until a future date when work crews are in the area," continued Lauletta. "Overlaying our data with existing GIS systems allows the utility to know which conditions will impact the most customers, which ones are in strategically significant areas, or if the particular piece of equipment has a poor track record of performance in the field. These are all variables that help utilities make intelligence-based choices for prioritizing maintenance resources and teams. http://www.exacterinc.com/solutions/predictive-maintenance
The Exacter deliverables include a photo of the equipment that is arcing, tracking or leaking, the pole number, the GPS and street location, and the type of equipment found to be at risk. Additional information like number of customers on the circuit, mapping, and GIS geospatial data are also provided.
"Other industries having been using predictive analytics for years to improve quality processes, productivity and efficiency," states Geoffrey Bibo, President of Exacter. "But until recently, it was almost impossible to identify the risk indicators on the overhead grid. Exacter assessment data and analytics are changing all that. The locations we identify are actionable and come with layers of intelligence that allow utilities to make decisions proactively to prevent problems before they happen. When our surveys are completed we can identify the impact our efforts have made toward reliability indicators like Customer Minutes of Interruption (CMI), SAIDI, SAIFI, and CAIDI."
Exacter, Inc. is an Industrial Internet of Things (IIoT) company that focuses on electric utilities worldwide. Exacter's multiple patents and trade secret algorithms create a platform technology for providing unique visibility into grid health, identifying areas of safety and system risk, and informing asset management and intelligence-based reliability initiatives.