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Asset Investment Planning Simulation for Energy & Utilities (SaaS)
Cosmo Tech
Asset Investment Planning Simulation for Energy & Utilities (SaaS)
Cosmo Tech
Asset Investment Planning Simulation for Energy & Utilities (SaaS)
Cosmo Tech
AI-Simulation for Asset Investment Planning
In a complex world where decision-making is more than challenging, the Cosmo Tech AI-Simulation technology is a major breakthrough in power grid asset management. This is essential in a context where the decentralization of renewable energy, the electrification of transportation, and other factors are increasing the intermittency of generation and creating fluctuating demand.
Cosmo Tech AI-Simulation platform provides three levels of understanding: the description of what exists and what is happening, the prediction of possible futures, and finally the prescription of optimization and action paths. By combining these levels, the Cosmo Tech Asset Simulation Twin helps asset-intensive organizations to move from reaction to anticipation with a unique predictive and prescriptive solution for complex, long-term strategic asset investment planning.
The Cosmo Tech AI-Simulation technology makes it possible for our customers to create models based on human knowledge expertise and to take into account all the factors influencing the future behavior of the system. This includes ageing rules, operational and financial aspects, as well as AI simulation offers several benefits for energy companies.
- Enhanced Decision-Making
- Strategic planning
- OPEX/CAPEX optimization
- Negotiation guidance
- Proactive Risk Mitigation
- Optimal Resource Allocation
- Increased Safety
Overall, AI simulation equips energy companies with tools and insights for better decision-making, improved performance, and long-term success. The interactions between the different entities of the system.
The simulation generates scenarios that help asset managers assess default risks, evaluate different combinations of maintenance and renewal operations, and quantify the associated gains and costs. This makes it easier to prioritize investments and expenses.
One of the main advantages of this technology is to be able to create trajectories of the direct costs of renewal policies and programs, while assessing and quantifying the "cost of doing nothing".
For our customers who have already adopted this approach, their strategic decisions have become faster, more accurate and robust, ensuring smooth operation and safety of electrical systems while achieving significant million euros in potential cost savings.
"With AI becoming mainstream in enterprises, organizations must differentiate by implementing simulation platforms that integrate advanced analytics and realign their teams with a cognitive science focus. IT leaders who modernize AI practices will capture more value from AI investments." – Gartner
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