Osmose and Neara Partner to Help Utilities Strengthen Transmission and Distribution Infrastructure with AI-Powered Data Insights

Core Insights - Osmose and Neara have formed a strategic partnership to enhance utility asset risk assessment and improve data quality for companies like CenterPoint Energy [1][2] - The collaboration aims to address data quality challenges that hinder effective decision-making in utility management [2][3] Group 1: Partnership Overview - The partnership combines Osmose's expertise in field data collection and structural analysis with Neara's AI-driven predictive modeling [2][3] - This collaboration will enable utilities to prioritize asset upgrades more efficiently and accurately [1][3] Group 2: Benefits of the Partnership - Enhancing data accuracy through on-site verification by Osmose and AI processing by Neara, leading to more reliable structural data [5][6] - Improving risk-based decision-making by providing insights into asset conditions and applying predictive analytics to quantify risk [5][6] - Optimizing restoration strategies by allowing utilities to target efforts with precision and prioritize actions based on risk-adjusted priorities [5][6] Group 3: Impact on CenterPoint Energy - CenterPoint Energy is utilizing the partnership's tools to enhance storm preparedness and improve network reliability [3][4] - The collaboration supports a proactive, data-driven approach to utility management, moving beyond traditional inspection cycles [4][5] Group 4: Quantifiable Outcomes - The partnership can lead to up to 70% cost savings by reinforcing rather than replacing high-risk assets [10] - It can achieve up to 80% faster restoration times, minimizing disruptions and enhancing reliability [10] - The partnership aims for 25% more accurate asset prioritization, ensuring critical upgrades are addressed first [10]