| | March 20196EDITOR'S DESKUtilities in the US are being challenged on multiple fronts. Business models need to integrate alternative energy sources and meet consumer demands for more sophisticated interactions. There are many long-standing issues, such as an aging workforce, the attendant knowledge loss as workers retire, aging assets, and continuous regulatory and market pressures. Utilities are faced with charting a course through these disruptions while identifying and seizing the new opportunities presented by these challenges, its large existing asset base is both its greatest strength and its greatest challenge. To get the most output and lifetime value out of every asset, utilities turn to best practices in asset management to improve the usable lifespan and optimize performance for their most valuable investments. The goal is to make the best use of all of these investments while adapting to operate optimally in this new, dynamic world. An enterprise asset management system is essential to a utility's ability to comprehensively manage its physical assets. When choosing an enterprise asset management solution, scalability and flexibility are some of the most important criteria to consider as it has become crucial for applications to be able to keep up with the market's ever-changing technologies. Such a system allows organizations to share and enforce best practices, inventory, resources, and personnel. Most utilities have adopted enterprise asset management products, and developed strategies, processes and tools that are finely tuned to the traditional utility environment. There are decades of institutional experience built into these systems, processes and people. The goal is to make the best use of all of these investments while adapting to operate optimally in this new, dynamic world. Whether upstream, midstream or downstream, utilities need to stay ahead of the massive and complex regulatory, business, and technology changes while keeping operations running smoothly and costs under control. We hope the valuable insights from industry thought-leaders and the innovative solutions from leading as well as emerging companies featured in this edition will help you make informed decisions for your organization. Olivia Smith Managing Editoreditor@utilitiestechooutlook.comIncreasing Returns on Asset InvestmentsOlivia SmithCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. MARCH - 01 - 2019, Vol 03 - Issue 02 Published by ValleyMedia, Inc. To subscribe to Utilities Tech OutlookVisit www.utilitiestechoutlook.com Editorial StaffSalesAaron Pierce Ava GarciaJoshua Parker Ankit SinghKenny PeruzziVian IsaacGeorge Thomasgeorge@utilitiestechoutlook.comVisualizersSujay KManaging EditorOlivia Smith*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffContact Us:Phone:510 330 5172 Fax:510-894-8405
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