This episode of Techsplainers explores Energy Asset Management (EAM), the specialized practice of maintaining, monitoring, and optimizing energy infrastructure throughout its entire lifecycle. We examine how organizations track and manage critical assets like power plants, electrical grids, and renewable installations to extend equipment lifespan, increase efficiency, and reduce operational costs. The discussion covers the five key elements of effective EAM: asset tracking, performance management, data management, risk management, and lifecycle management. We highlight the major challenges facing the energy sector, including growing demand (4% annually), aging infrastructure, sustainability goals, security threats, and market volatility. The episode also provides historical context on energy's critical importance—from deciding the outcome of World War II to fueling modern geopolitical conflicts—and explains how advanced technologies like IoT sensors and AI are transforming asset management in our increasingly electrified world.
Find more information at https://www.ibm.com/think/topics/enterprise-asset-management
Find more episodes at https://www.ibm.biz/techsplainers-podcast
Narrated by Ian Smalley