Toumetis and PA Consulting deploy iPredictTM powered by CascadenceTM technology to identify assets which may fail, and proactively prevent service disruption to customers
PA Consulting (PA), the global innovation and transformation consultancy that’s bringing ingenuity to life, and Internet of Things and machine learning experts Toumetis, deploy iPredictTM, the world’s first artificially intelligent system for predicting failures in critical electricity distribution assets. By identifying which specific assets are likely to fail within the next few days or weeks, iPredictTM enables utilities to prevent certain equipment and other asset failures before they cause an outage that interrupts service to customers.
Florida Power & Light Company (FPL) has begun a broad, long term pilot deployment of iPredictTM powered by CascadenceTM at substations across the FPL system. The technology will monitor FPL’s distribution system to identify impending asset and equipment failures that could impact customers.
Jow Ortiz, FPL Advanced Reliability Analytics Program Director, says: “FPL develops and deploys advanced technologies to better serve our customers. We are initiating a pilot of iPredictTM powered by CascadenceTM to test how it can help us improve our customer experience and achieve reliability and cost improvements.”
Mark Willnerd, President and CEO of Toumetis, says: “We’re excited to be at the forefront of asset management to improve the reliability of our utility partner FPL. Cascadence allows FPL to prioritize and proactively schedule work to improve safety for its crews, reduce operational and maintenance costs, and minimize customer outage impacts. This is the culmination of years of hard work and innovation by the Toumetis team.”
Derek HasBrouck, energy and utilities expert at PA Consulting, says: “FPL have always been industry leaders regarding the use of technology and innovations, and are continuously exploring solutions to improve employee and public safety, grid reliability, and customer satisfaction. The use of iPredict™ will enable FPL to adopt an even more proactive approach to customer reliability, and most importantly, customer satisfaction. Ensuring that FPL can identify issues, plan repairs, and execute corrective action on critical infrastructure in advance of customer interruption is a game changer for customers. Toumetis and PA are excited to support FPL on their journey with iPredict™.”
About PA Consulting
We believe in the power of ingenuity to build a positive human future. As strategies, technologies and innovation collide, we create opportunity from complexity. Our diverse teams of experts combine innovative thinking and breakthrough use of technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results. An innovation and transformation consultancy, we are over 4000 specialists in consumer and manufacturing, defense and security, energy and utilities, financial services, government and public services, health and life sciences, and transport. Our people are strategists, innovators, designers, consultants, digital experts, scientists, engineers and technologists. We operate globally from offices across the UK, US, Netherlands and Nordics. Discover more at paconsulting.com and connect with PA on LinkedIn and Twitter. PA. Bringing Ingenuity to Life.
About Toumetis
Toumetis is a leading provider of predictive analytics solutions for a smarter Industrial Internet of Things (IIoT). Combined with our advanced machine learning capabilities, the flexible Cascadence™ platform helps Fortune-1000 companies improve efficiency, quality and throughput by distributing highly efficient algorithms that enable asset performance data to be intelligently cascaded to stakeholders in secure, permission-based views. Working across North America and Europe, our team of industry-leading data scientists and developers bring more than 50 years of experience in predictive analytics and machine learning to take your IIoT solution from concept to completion in weeks or months, not years. http://toumetis.com/