Consultancy
Global Learning Consortia
Digital Solutions: Tools & Data Services

Data Services

Data Services
ohros Data Services

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.

Working With OHROS Consulting Group

We provide distinct advantages in pilot programs and development compared to (1) internal resources juggling expertise amidst competing priorities and (2) larger firms, which, while competent, often come with higher costs.

Handling large amounts of data is difficult

As data volumes expand exponentially, organizations face challenges in managing, computing, and extracting value. Many struggle with where to start and how to effectively handle the overwhelming scale of data.

Integration and data transformation is still a challenge

Creating comprehensive views of data across diverse systems and layers to facilitate decision-making often involves executing a sequence of queries, joins, and exports. Additionally, data frequently exists in slightly varied formats, necessitating a degree of transformation that can prove to be a time-intensive undertaking.

Data silos still exist and we have not yet achieved full data democratization

A major theme emerging in the utility industry is de-risking assets. Breaking down these silos (“Data Democratization”) and improving data quality results in dramatic increases in analytic and reporting speed, which creates a virtuous cycle for extracting value.

Data quality issues persist and data needs enrichtment to effectively drive decision making

Integration of data sets frequently involves utilizing advanced analytic tools and enrichment methodologies, such as auditing, normalizing, correcting, synthesizing, and creating data proxies as necessary.

There's a shortage of skilled people (data scientists, etc.)

Management senses urgency, but relying on Data Scientists/Analysts without industry expertise dilutes insight. Training entry-level personnel is costly and slow. The solution: light-weight analytic platforms with universal access for SMEs.

Real-time can be complex - know when it's really needed

Tailor integration/update frequency based on data application; daily, weekly, or less frequent updates may suffice for meaningful insights. Streamline processes by avoiding unnecessary complexities when real-time integration is not imperative.

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.

Project Result Highlight

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.

Our approach

Our mission is to empower our clients by enhancing their performance resilience through innovative, best-in-class asset management and business process improvement. We support their journeys of transformation, digitalization, and resilience while instilling our core values and spirit by showing rather than telling.

Value creation focus

Every recommendation ties to measurable financial or operational impact

Systems thinking

We understand the interdependencies across your assets, processes, and people

Change management

Solutions work only when organizations adopt them - we ensure yours do

Our latest insights

Solutions only work when organizations adept them - we ensure yours do

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Strategic Asset Management
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