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IBM Maximo Asset Management for energy and utilities

Executive summary

Business view

Technical details

The goal

Meet your challenges with IBM Maximo

Today’s challenges for energy and utilities have become especially acute. Aging assets require higher levels of maintenance. An aging and shrinking workforce means doing more with less. The need to work more efficiently and cost-effectively. Legacy information technology systems based on fragmented applications and platforms. Growing compliance issues involving security, power grid integrity, emissions, new accounting requirements and other regulations. Faced with these challenges, many utilities are taking advantage of IBM Maximo Asset Management for energy and utilities.

The advantage

Designed specifically for utilities

IBM Maximo for energy and utilities has been a leading asset and service management solution in the utilities industry for more than 20 years.

More than 300 utilities worldwide use IBM Maximo, including 10 of 20 Fortune 500 utilities companies.
We have breadth of skills from consulting to application and infrastructure implementation in asset management, strategic sourcing and supply chain management—across major energy and water operational areas.
We have more than 3,000 experienced energy and utilities industry consultants.
IBM designs solutions using the IBM Software Architecture for Energy (SAFE) guidelines.
IBM's Energy and Utilities Solutions Framework has been validated with top energy and utilities companies and is focused on business transformation solutions that are adaptable, flexible and mitigate long-term risk.

The benefits

A comprehensive asset management system

Today’s utilities need proven methods for managing and maintaining transmission and distribution infrastructures, substations, hydro, fossil and nuclear power stations, facilities, IT equipment and other critical assets. To address these needs, IBM Maximo for energy and utilities can help:

Optimize asset and service management.
Improve inspection and maintenance.
Reduce inventory.
Monitor efforts to help address regulatory requirements.
Reduce administrative time.
Improve management across the organization.

The approach

How one utility became more competitive

IBM has helped many energy and utilities companies consolidate and manage their systems, including a large Midwest utility. After adopting the system consolidation approach, the company was able to standardize on six core applications:

Work and asset management
Financial
Document management
Geographic information system (GIS)
Scheduling
Mobile workforce management

The asset management system alone was able to consolidate more than 60 legacy applications. In addition to obvious cost savings, consolidated asset management systems are better able to address operational risk, work health and safety, regulatory compliance—both operational and financial—making utilities more competitive.

The financial advantage

Maximize economic value

IBM Maximo for energy and utilities can enable your business to maximize the performance of critical capital assets that have a direct and significant impact on achieving corporate objectives. Our solution can help you:

Consolidate systems to meet compliance goals, both operational and financial—lines of business must implement common systems able to support generation, delivery, facilities and IT.
Adopt modern service-oriented architecture (SOA) standards to be agile enough to sense and respond to change.
Address needs of aging workers and assets, using advanced technology to meet future demands.
Manage important aspects of each asset’s life cycle, including acquisition, work management, inventory control, purchasing, preventive maintenance and disposal.

Next steps

Questions about this solution? Contact an IBM energy and utilities specialist.