The Value of Automating Fault and Alarm Analysis

Across the energy industry, markets are becoming more competitive and operators are trying to do more with an increasingly distributed workforce. Establishing a reliable automated workflow is no longer optional to remain competitive.

When it comes to the diagnosis of large industrial asset faults and alarms, an often manual and ad-hoc process leaves companies vulnerable to higher costs, human error, and costly delays.

So what is gained through automating fault and alarm diagnostics?

• Accuracy. Improvements are realized by creating a standardized and automated process. One of our clients realized a 25% improvement in accuracy through this standardization.  
• Productivity. Take a lengthy, manual process, and automate it.  For example, automatically prioritize alarms, determine priorities, and suggest corrective actions. In addition, you are creating a dynamic knowledge base that improves outcomes over time. One of our clients replaced their manual, spreadsheet process using our fully automated fault to corrective action event module.
• ‍Greater efficiency + greater accuracy = greater productivity. NarrativeWave’s clients, for instance, have seen a 75% reduction in engineering time and a 25%  increase in accuracy.

The energy industry in its rapid evolution now requires automation to enable engineering teams to do more with less. This is possible with modern analytics and digital solutions.

If you'd like to learn more about how we're helping energy operators around the globe, reach out to the NarrativeWave team to schedule a demo.