"We had a fantastic collaboration and managed to make a really good product although Dataminds did not know the field prior to the project. This also in the light of the complicated nature of the task of getting concrete results. Through the process, a good form and spirit was maintained, and there was a wish from everyone in Dataminds to cooperate in solving a great challenge. There was never negativity nor unrealistic promises. There was a great amount of honesty regarding the approach to the task. We were fully satisfied and they have been a good sparring partner; not only regarding the tool but also regarding the process and how to use it in the daily operations."

 

Lars Møller Knudsen, Manager, Asset Management, N1

Asset Management in N1

N1 had a wish to reconsider all assets from consequence and risk. Thereby, an objective prioritisation creates basis for a precise planning and budgeting.

Challenge

Asset Management in N1 plans investments and the maintenance of plants, wires, cables, etc. in N1. This is done to all assets that are important to security of supply in N1’s network. The challenge was:

  • All data on the assets are gathered in N1’s web networks and information about breakdowns and maintenance are gathered in N1's other systems.
  • The systems are optimised with respect to the operations but are not directly usable in achieving a data-driven reinvestment plan.

Therefore, N1 had a wish to reconsider all assets from consequence and risk. Thereby, an objective prioritisation creates a basis for a precise planning and budgeting.

Solution

In close collaboration between Dataminds and Asset Management in N1, a model to put a score on all assets and their risk of breakdown was made. The model was based on data from the existing system, failure statistics, know-how of the engineers, and mathematical models for Asset Management. The probability of breakdown for a given asset was made and combined with the consequences of a breakdown. The system was built with a dashboard frontend that makes a prioritised approach to reinvestments and an overview of future reinvestment needs possible. All data processes are automated and ensure an effective working procedure.

Value

Today, N1 has a tool that ensures a data-driven prioritising of reinvestment in N1’s fixed assets. The prioritising is done from a gross evaluation of both consequences of breakdown and risk of breakdown. In calculation of consequence and risk, several parameters, that are a part of the evaluation, are incorporated. Overview of the prioritising is an important input regarding the subsequent planning of activities. At the same time, the overview ensures an evaluation of future investment needs.