IDS Asset OptimizerTM cloud-based GIS-centric software is uniquely positioned to meet the requirements for advanced decision analytics and asset management planning of water and electric asset portfolios. Asset OptimizerTM help users meet regulatory requirements and accurately determine funding needs to meet performance targets. Asset OptimizerTM is based on ISO 55000 standard and delivers a complete cross-asset decision analytics and asset management planning framework. Users will be able to ensure optimal allocation of limited financial resources and selection of projects that maximize return on investment, and develop reliable, defensible, and optimized long-term asset management plans.
Water utilities are facing increasing challenges due to the ageing and deterioration of infrastructure assets, increasing demands, stricter regulatory requirements, and insufficient investments. Water utilities around the globe are striving to do more with less by optimizing decisions and asset management plans to reduce risks and lifecycle costs, and ensure regulatory compliance and financial sustainability and of managed assets.
Ageing electric assets, increasing demands, and constraints on investments pose significant challenges for maintaining these assets in a state of good repair. In face of these challenges, electric utilities need to adopt more optimized asset management strategies to reduce risks and lifecycle costs, maximize return on investment, and ensure regulatory compliance and financial sustainability of their managed assets.