Iot-Based Solutions For Increased Asset Performance In Critical Situations

Climate change and extreme weather events, coupled with untoward incidents caused by nature, have long been posing a major threat to the gas, electricity, and water infrastructure in Europe. The disruptions caused by hurricanes, floods, accumulation of snow, among other factors, have only increased the need for robust asset monitoring and anomaly detection.

However, it’s not just one odd incident that could be a potential threat to seamless water, electricity or gas supply, but the overall importance of asset integrity and performance is also significant. Making energy infrastructure more sustainable by digitizing operations can cater to this problem. It will eliminate the need for inspection using manpower, a process that often proves to be dangerous for the workforce.

At this juncture, a Netherland-based IoT solutions provider WithTheGrid has emerged as a firm that leverages machine learning and artificial intelligence to offer real-time insights pertaining to the infrastructure in contention. It’s powerful digital asset monitoring platform provides accurate and real-time insights to achieve a lower risk profile, shorter downtime and longer asset life.

WithTheGrid promises 30 per cent lower operational costs and a faster outage detection, besides paving the way for a longer asset lifetime. The company is known for its three IoT asset monitoring components, which include Connect, Analyse and Act. Recently, it managed to draw the attention of leading investments firms like ROM Utrecht Region and Rajat Khare – led Boundary Holding that will help WithTheGrid develop its technology and fund market growth.

“The funding is aimed at tapping the potential of the company to improve energy efficiency for achieving sustainability goals,” said an official of Boundary Holding.

Other than the ability to setup asset monitoring in water, gas and electricity infrastructure, access to real-time data regarding the events happening on the distribution networks is of utmost importance as well. It helps the companies identify aging distribution pipelines early in the piece, besides tracking any kind of anomaly. This is the reason companies like WithTheGrid standout with their offerings that include real-time assessment of the data generated on the site.

Such holistic solutions also generate historical data that is easy to analyze and can be utilized for observing trends faster for a comprehensive asset performance.