Fingrid, Finland’s main electricity transmission grid operator, has selected IBM Watson Internet of Things (IoT) technology to help drive transformation in the electricity industry.
Keeping the power flowing through Fingrid’s 14,000 km electricity grid is a daunting task that requires a holistic understanding of grid operations, maintenance and safety issues.
Fingrid wanted to push the boundaries and find new ways of boosting reliability, controlling costs and supporting better investment decisions.
Using networks of sensors and IBM’s advanced analytics, Fingrid has pioneered a new solution called ELVIS.
It provides system operators with a consolidated view of the entire electricity transmission grid, from long-term plans to the day-to-day management and maintenance of assets and infrastructure.
In the past, Fingrid had to collect data from disparate systems and databases manually — which could take days, if not weeks, to get all the information required for root cause analysis.
IBM’s IoT based solution increases the automation of the system helping Fingrid to quickly identify issues and optimize maintenance scheduling and management.
“Together, cognitive computing and Internet of Things are poised to transform whole industries,” said Chris O’Connor, General Manager, Offerings, IBM Watson Internet of Things.
“Nowhere is this more critical than the power industry where outages and system failures can have deep impact across business and society.”