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Our platform leverages advanced analytics to provide predictive insights and optimized resource allocation, delivered with a customizable UI that enables enhanced decision making.
About
Aerospace Technical Services provides data analysis, asset management, and risk analysis consulting to enable our clients to make better decisions. We have a proven track record of helping electric and gas utilities mitigate millions of dollars of risk costs through the decision support that we provide to operators of complex engineered systems.
Key Benefits
ATS' Artificial Intelligence-based Probabilistic Risk Analysis (AI-PRA) platform provides the following benefits:
- Identification of exact failure probabilities and failure distributions of all assets such as transformers, breakers, conductors, and reclosers.
- Rankings of asset importance within coherent systems such as generation stations, substations, transmission systems, and distribution systems.
- Predictive system failure root causes and their probabilities of occurrence, enabling operators to prevent failures, instead of reacting to failures.
- Monetized risk metrics that tie existing assets to precise monetization of contributory risk.
- Decision recommendations for optimized capital replacements and O&M investments to maximally reduce risk.
- Unambiguous decision policies for optimized management of assets and systems.
- Rigorous justification for consequential management decisions that can be used to communicate rationale to regulators and the public.
Applications
AI-PRA is revolutionizing industries by enabling more efficient and effective management of assets through the integration of advanced technologies. By leveraging machine learning and artificial intelligence models, this innovation facilitates predictive asset management, which can anticipate and mitigate potential risks before they escalate into significant problems. AI systems analyze vast datasets to compute risk importance scores and monetized risk distributions, providing actionable insights that guide optimal investment and maintenance decisions. This approach not only enhances decision-making accuracy but also ensures the efficient allocation of resources, resulting in improved asset longevity and performance. Moreover, AI-powered platforms create digital twins of complex systems to facilitate comprehensive risk analyses, further empowering organizations to implement strategic changes that maximize asset returns and mitigate operational risks.