Optimizing Data as a Strategic Asset: Enhance Data Quality and Analysis for Informed Insights and Expedited Decision-Making

In the contemporary technological landscape, data assets stand out as invaluable resources that empower companies to enhance decision-making, provide superior customer service, minimize costs, and ultimately boost revenue and profits. Does your organization actively engage in the strategic management, enrichment, and analysis of its data, treating it as a precious asset?

In practice, many companies have struggled to derive substantial value from their investments in big data. This challenge predominantly stems from a deficiency in understanding the correlation between data and operational performance.

Common Data Governance Challenges

We assert that specific core principles underpin successful data governance:

  • Realize that data is one of your organization’s most valuable assets — if handled and applied properly!
  • Data ownership and accountability must be defined clearly.
  • Having data for the sake of data is almost useless.  The “fitting data” must be gathered, and in most cases, the data must be cleaned, adjusted/transformed, and/or enriched to support any meaningful insights.
  • Value is achieved through understanding connections between data, asset risk, and functional performance. Data has no to little value unless it is linked to a decision that can create value!
  • Wherever possible, use diagnostic and prescriptive data analytics to better create an understanding where you are today and to supply data-backed insights and support decisions.
  • Embrace predictive analytics, including statistical algorithms and machine learning techniques, to enhance your ability to identify and comprehend the probability of future outcomes or events.

Why OHROS Consulting Group?

We take pride in contributing value as a strategic partner—serving as external data analytics experts and consultants with extensive industry experience, particularly in assisting utilities in adapting and fostering sustainable change. OHROS Consulting Group excels in data enrichment by merging commonplace data sets with advanced analytical tools and methodologies. This involves auditing, collecting, correcting, and creating data tailored to each critical decision or use case. Our approach ensures a quicker path to value and at a significantly lower cost compared to alternative Big Data software solutions.

Renowned for our lightweight operational and predictive analytic applications, as well as benchmarking services, we recognize the pivotal role of “good” data. In response, we have broadened our service portfolio to assist companies in attaining improved data governance. Our initial emphasis lies in data cleansing and enrichment to enhance overall data quality.

With Any OHROS Consulting Group Data Governance Project, You Can Expect To:

IMPROVE
DATA QUALITY

Our digital solutions team is dedicated to identifying outliers, anomalies, and questionable data. Whenever feasible, we automate the data cleanup process through alerts, highlighting suspect events from the prior day and promptly sending them to operations for validation and correction. Additionally, we prioritize data enrichment initiatives, addressing gaps and constructing new datasets. Examples include collecting transmission structure elevations, generating substation fence shape files, and establishing a comprehensive spans database.

REDUCE COST & EFFORT OF DATA MANAGEMENT

Many utilities employ either dedicated and expensive resources for data validation and cleanup or rely on analysts to discover and correct data anomalies during their work. The former proves costly in terms of operational and maintenance (O&M) expenses and is not always reliable. The latter, waiting for analysts to identify errors, is less effective, as correcting bad data weeks or months after the error occurs can be impossible, resulting in even more costly decisions. OHROS Consulting Group’s data solutions provide robust support for comprehensive and timely data governance, incorporating automatic data anomaly detection, alerts, and correction suggestions.

IMPROVE
DATA QUALITY

We assist in implementing automated data validation and cleanup processes for outage, asset, and customer data. This spans routine periodic validation tests, daily validations with notifications to the associated record initiators, short and mid-term outlier identification, to longer-term analysis and anomalous pattern identification. Swift correction and refinement of data enable its deployment in prescriptive and predictive analyses, facilitating faster and more informed data-driven decision-making. Leverage key data insights to drive impactful actions with our support!

Project Result Highlight

A sample visualization of a client’s transmission line is presented, illustrating each structure and its sequenced path, overlaid with an OH line shape file. This visualization serves as a valuable tool for checking data quality issues. Additionally, sample data, including span length, is depicted for reference.

OHROS Consulting Group successfully constructed a comprehensive database comprising 148,000 transmission line spans within an impressive timeframe of less than three weeks. The delivered database was seamlessly integrated as a new layer in GIS for the client. This establishment of a new asset class marked a significant advancement for the utility, enabling enhanced asset risk management. It also facilitated the development of condition assessments, lifecycle strategies, and risk profiles for each transmission span. Through this initiative, we achieved:

• Documenting conductor risk involves assessing asset criticality and condition for each span.
• Assigning ROW (Right of Way) clearance attributes, structure heights, span midpoint elevations, and conductor mid-span sag as functions of circuit load, ambient temperature, and wind speed to each span is essential for measuring vegetation management risk.
• Link asset condition and vegetation exposure to consequence (river and highway crossings, schools, etc.)
• The client recognized the necessity of adopting an effective risk-based approach for prioritizing inspections and vegetation management. This realization highlighted the importance of having data on this critical missing aspect.

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