10 May The 12 Forces of Disruption that affect Utility Assets
Posted at 12:36 in Resilience by Francesca Parcell
New technologies, evolving business models, and heightened customer expectations all mean that Business as Usual is no longer something any of us can rely on.
Ironically, the only certainty now is uncertainty.
With a theme of Disruption at Utility Week Live 2018, we thought we’d revisit some of our past commentary on the challenges utilities face for new learnings on how to maximize the disruption we’re facing.
One of our articles in September 2016 put forward the case for neither overly positive nor scaremongering tactics in the face of uncertainty, but a measured approach, focused on the practicalities of how to protect assets, profits and market share against disruption and risks, whatever form they take.
We introduced our Resilience Maps and the 12 Forces of Disruption that affect Utility Assets. These maps take into account not just the kind of direct threats to Utility Assets we’re used to considering, but those we’re seeing more and more of – supply chain failure, financial and regulatory change, and communication disruptions.
We also put forward the case that assets should be assessed on their interdependencies, and assets able to withstand the 12 Forces of Disruption should be valued in a different way.
“All things being equal, it’s only natural that an asset with resilience measures designed to actively limit the extent of any collateral damage should be valued differently to one that places other assets at risk when it faces disruption. In fact, you could argue the latter is more of a liability than an asset – but these assets are rarely regarded as such. Instead of focusing primarily on maintenance and installation costs, I believe we need to focus on our assets’ ability to cope with destructive forces and, more importantly, limit the extent of any disruption they cause to business continuity and profits.”
At Utility Week Live, we’ll be showcasing many of the ways we’re addressing disruption and the practical solutions that can support utilities to improve the strength and resilience of their assets. From our new live spray linings demonstrations and Sledgehammer Challenge to the latest flood mitigation and management innovations, including our new FloodMarshall flood platform.
Come and discuss your asset challenges with our DNO, Water, and Flood Specialists on Stand D24, at the NEC Birmingham on May 22nd and 23rd.
For more information on our Resilience Maps, click here.