India Grid Trust, a leading infrastructure investment trust, has selected IBM to build an artificial intelligence (AI)-enabled asset management platform.
IndiGrid will deploy a hybrid cloud solution with IBM Maximo Application Suite running on the IBM Cloud to optimize the quality and utilization of its assets, increase productive uptime through preventative and predictive maintenance, drive efficiency and reduce operating costs.
Monitoring performance and scheduling repairs with predictive maintenance alone can reduce costs by 15 percent-20 percent, improve asset availability by 20 percent and extend the lives of machines by years, according to International Data Corporation (IDC).
IndiGrid has 11 operating projects consisting of 28 transmission lines with more than 6,280 circuit KMs length and 9 substations with 11,460 MVA transformation capacity and plans to grow its asset base in transmission and solar sector.
IBM Services will assist IndiGrid to monitor, manage and maintain these multi-component assets efficiently and leverage AI for detecting anomalies at scale – proactively preventing their breakdown and boosting availability.
The IBM Maximo Application Suite will allow IndiGrid to become future-ready by improving the overall health of its assets and maximise the full potential of their operating life, while adhering to safety and regulatory guidelines.
IBM’s Maximo Application Suite running on IBM Cloud will enable IndiGrid to take the preventive, predictive and prescriptive actions required to reduce risk, lower costs and improve efficiencies – helping them to realize their vision to be the most admired yield vehicle in Asia, Kamal Singhani, country managing partner – IBM Services, India/South Asia, said.