Tampa Electric leveraged an asset management approach to define safety, compliance, reliability, cost, and environmental, social, and governance (ESG) requirements for a modernized custom-built work and asset management system. Utilities are challenged by a quickly evolving and complicated technological landscape, ever-increasing business governance requirements, and rate pressure. Often utilities are left with few alternatives to package ERP solutions.

In this presentation, leaders from Tampa Electric's asset management, energy supply, and Deloitte will explore how a value-based incremental approach can be instrumental in modernizing a home-grown and aging work and asset management solution. We aim to provide insights on how this tailored transformation can support business growth, improve operational metrics, and ultimately contribute to achieving ESG and other goals. We will also explore why Tampa Electric made the strategic choice to modernize its aging work management system incrementally, prioritizing areas that deliver the highest business value.

We will dive deep into the successive stages of Tampa Electric's incremental build approach:

1) Asset registry and data hydration: We will begin by discussing how Tampa Electric started with the digitization and hydration of their asset data including improvement of the quality, content, and structure of their asset data.  We will also discuss how this investment in data quality and structure is enabling future AI-driven solutions.

2) Work request and work order life cycle: Following industry best practices, we'll then delve into Tampa Electric’s plan to integrate the life cycle of work requests and work orders into their system. We will also explain how this work order cycle is the core building block for short- and long-term work and the foundational connection to supply chain, finance, and human resources enterprise data.

3) Outage planning and plan of the week: We will explore how Tampa Electric intends to improve short-term (work week/plan of the Week) and long-term (outage planning).

4) Asset tagging and advanced technologies: Lastly, we'll discuss the development of mobile asset tagging functionality and the use of remote sensing and generative AI technologies to enhance asset inspection and safety requirements.

Key Takeaways:

1) Understand the strategic steps in Tampa Electric's incremental build approach

2) Gain insights into an alternative to package ERP systems

3) Understand how a clear vision for Asset Management can define value and system development requirements

4) Discover how these strategies can be applied to other utilities