It started with an idea of how to efficiently assess asset risks across large portfolios
We started building, adding asset information and the ability to capture condition assessments along the way.
We knew the electricity industry needed to predict future condition and risk for asset planning. However, existing methodologies for asset modelling were so poor we had no choice but to develop our own. The methodology we ended up building in Asset Altitude now allows up to hundreds of thousands of assets to be modelled intuitively, accurately and effortlessly for asset condition, risk, and renewal timing.
One of our early clients wanted to capture their asset class strategies in Asset Altitude, so we created an area in the system where they could do this. This allowed their engineers to capture the rationale behind investment decisions and created a knowledge management system for asset information.
More recently, we transformed Asset Altitude into a fully-fledged Asset Investment Planning (AIP) system by adding an area where renewal tasks for assets are automatically generated and costed. These tasks along with others can be rescheduled and bundled into projects or larger programs of work for efficiencies or to manage constraints. This allows engineers to develop robust short term and long term risk-based reinvestment plans for asset refurbishments, renewals and enhancements.
Today, Asset Altitude is a comprehensive cloud-based application for asset lifecycle management and investment planning. It is unlike anything you have ever seen before. Please contact us for a demo to see for yourself.