Software Integrations Essential Role in Renewable Asset Management

Software integration allows companies to consolidate asset data from sub-system components to accounting records, under a single system. This provides an integrated network of financial and operational asset management information, monitoring data and reports to improve efficient operations.

It’s a difficult task to manage the big data of different operational and financial activities, especially in the renewable energy industry where data is a combination of real-time monitoring data, living financial and operational records and historical data. While asset owners most times rely on multiple monitoring systems, retrieving data to properly monitor the system may involve exporting spreadsheets and manual data analysis.  In many instances companies use their own internal IT staff to develop databases to collect and store the right information, becoming a labor and capital intensive process.

Easy Administration

System integration provides a single platform for different operations which makes portfolio administration easy for management teams. Changes can be made in the same location instead of updating spreadsheets or using many other login portals. Administrators can use portfolio or project specific information to better understand, among many other things, maintenance or contract related commitments, financial returns or internal company tasks and tracking. A collection of shared data integrated from other applications provides the fastest and most efficient use of time for any asset manager or plant operator.

Lower Cost for Storage Space

Storing data on multiple systems or cloud based storage solutions can be expensive for such a basic component. Unnecessary use or duplication in storage of historical data for example can quickly become time consuming to manage. Having everything in one central location will be cost efficient and effective in reducing duplicate information. The wealth of information that can be collected in an integrated system is easier to access, which leads to better overall decision making.

Reporting

Importing or exporting data from different monitoring systems can be slow and tedious and generating manual reports can have errors that increase the difficulty to make well-informed decisions. Integration between systems allow you to be consistent with your reporting. You will never have to worry about data being different than your spreadsheets because it will always be identical to its source. HAP® allows you to pick and choose data points at the project or portfolio level and aggregate the data according to your report requirements.

Near Real Time Data

Getting data from your project data loggers into the hands of your monitoring or management teams is an important aspect of being able to keep performance ratio’s where they should be. Integrating your monitoring software’s will provide updates every few minutes and is only limited by the granularity of the original data. Arbox HAP® also provides automated KPI’s that convert you monitoring data into useful metrics designed to help you quickly evaluate the health of your projects.

Consolidated data under a single roof makes it easy to access all assets within your portfolio and makes for a well-organized, central repository of data. The primary goal of system integration is always to help the user have a full picture of its assets and disperse the information rapidly for communal use.

Learn about Arbox Hap

Contact us today to see how HAP® can help you manage your activities efficiently and boost your bottom line.