Severn Trent Water
Optimizing asset investment planning processes for a leading UK water supplier
PROJECT HISTORY
The challenge
Simplify the investment decision-making process to meet growing demands and increase service reliability.
The solution
A single platform that facilitates a more efficient asset management and optimizes investment decisions.
The impact
Increased confidence in the planning and decision-making process, as well as enhanced asset control.
15%
Reduction in maintenance costs
The challenge
Severn Trent Water (STW) serves over eight million customers across the UK, operating from the Bristol Channel to the Humber, and from mid-Wales to the East Midlands. With a wide variety of both above and below ground assets on their portfolio and a growing customer base, STW needed to boost their data management to ensure they were making the right investment choices for their future.
For over a decade, STW’s decision-making roadmap has combined investment scenarios, risk and uncertainty, conducting thousands of optimizations each year. Due to this being a time-consuming exercise, they were looking for a proven decision support tool that was capable of complex asset-level investment modelling, risk management and optimization.
The solution
Through our industry-leading Enterprise Decision Analytics (EDA) software, STW started to get a clearer understanding of each ongoing project and the impact that this would have on various things such as budget, available personnel, time required, etc.
EDA provides the ability to create multi-criteria optimization scenarios in order to provide insights and better-informed decision to key stakeholders, leading to higher return-on-investment efficiencies.
The impact
With EDA, Severn Trent is now able to maximize returns for shareholders and continue to provide high quality service for their 4.3 million customers. By implementing the platform and improving their planning processes, they’ve managed to reduce overall maintenance costs by 15%.
This performance has placed them consistently in the upper quartile in industry rankings, and their record of significantly and consistently outperforming performance commitments to the regulator has resulted in record-breaking rewards of £50 million.
