Unlocking the Potential of Generative AI for Asset Performance Management

Energy and Utilities (E&U) comprise the world’s most critical assets and infrastructure. Generating, transmitting, and distributing the power, natural gas, and water communities depend on every day, these industries make modern life possible. Keeping operations reliable and on track with safe, efficient performance at all times is imperative, not only for companies to succeed in this dynamic sector but also to meet growing demands.

As E&U companies strive to maximize asset life and equipment performance while decreasing maintenance costs, eliminating unplanned downtime is crucial. Generative AI is a revolutionary technological advancement that offers a scalable and cost-effective solution to optimize asset performance management (APM).

Going beyond traditional system capabilities to generate immediate actionable insights, generative AI is helping operators improve asset reliability by reducing maintenance costs up to 50%, optimizing performance with improved efficiency as much as 15% and extending asset life between 20-40%, according to data from Shoreline AI. Applying virtual ‘experts’ in the cloud to support a gas compression operator in managing integrity data for more than 100 remote assets demonstrates how this solution enables uninterrupted visibility and control for safer, more reliable operations.


This report was written in partnership with Shoreline AI.