InStep Software Discusses Predictive Analytics for Nuclear Industry in New White Paper Predictive Asset Monitoring for Increased Nuclear Equipment Reliability
CHICAGO, June 27, 2014 /PRNewswire/ -- The United States alone invests more than $7 billion per year for maintenance and upgrades of nuclear power reactors, according to the World Nuclear Association. In a new white paper, InStep Software shares how nuclear power plant operators can implement a predictive asset monitoring strategy designed to help plants achieve efficiency, reliability and performance goals.
The paper explains how centralized, advanced analytic capabilities allow nuclear facility operators and engineers to maintain and optimize the performance and health of an entire fleet of assets through early warning notifications and fault diagnostics. It goes on to cover how predictive asset monitoring software supports standard equipment reliability processes and leads to immediate and compound benefits, such as increased situational awareness, extended equipment life, lowered maintenance costs, reduced unscheduled downtime and increased asset utilization.
InStep's predictive asset monitoring solution, PRiSM, uses advanced pattern recognition to identify subtle changes in system behavior that are often the early warning signs of equipment health and performance problems. The software alerts staff in real-time of anomalies in equipment operation in addition to advanced fault diagnostics for identifying the source of the issue.
"The ability to predict and circumvent equipment failures and proactively plan maintenance is invaluable in the nuclear power industry," said John Kalanik, president of InStep Software. "PRiSM catches small deviations in equipment operation and produces early warnings that have led to millions of dollars in avoided costs and unnecessary downtime for our customers."
PRiSM is used by some of the largest nuclear power generation fleets in the world, including Exelon, to reduce unscheduled downtime and improve equipment performance and reliability. Download the complete white paper from the Instep Software website to learn more about predictive asset monitoring of nuclear generation fleets.
About InStep Software, LLC
InStep Software is a leading provider of real-time performance management and predictive asset analytics software products and solutions. InStep's software products extend the investment in modern control, monitoring and smart devices by collecting, archiving, displaying, analyzing and reporting the information provided by these systems. Many of the world's most successful companies use InStep's software products to actively manage and analyze the rapidly growing amount of real-time operational, asset health and regulatory related information. For more information, please visit www.instepsoftware.com.
InStep Software, LLC
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