March 18, 2019, update: Uptake and Ameren are nominated for the 2019 Uptime Magazine/Reliability Web Solution Awards in the Asset Management category. Vote for us here by the deadline of March 26.
How Ameren Saved More Than Half a Million Dollars Annually with AI-Driven Insights
We’ve all heard how AI is delivering value to businesses around the world. But where does the rubber hit the road? Here’s the story of how Ameren saved several hundred thousand dollars using Uptake’s AI-driven Asset IO application.
Ameren is a leading U.S. utility serving 2.4 million electric customers and 900,000 natural gas customers across the Midwest. To remain competitive in the industry, Ameren sought to improve the productivity and efficiency of its operations at Callaway Energy Center, without compromising the safety of employees and customers.
Optimizing the Performance of Callaway Energy Center
Since 1984, Ameren’s Callaway Energy Center has provided customers with safe, affordable electricity using nuclear energy. Ameren wanted to reduce the cost of its maintenance programs while maintaining the rigorous safety standards necessary to uphold the company’s commitment to safe, reliable operations.
Instead of continuing to use industry-standard maintenance programs, Ameren turned to a new approach — AI and data science. It selected Uptake’s Asset IO application for its ability to provide data-driven insights that help inform cost-optimized maintenance strategies.
Tapping Into Historical Data and Subject Matter Knowledge to Drive Real-Time Results
By tapping into the valuable insights contained within Uptake’s Asset Strategy Library™ — the world’s largest database of industrial equipment types and failure modes — Ameren was able to use data-backed recommendations to increase the effectiveness of repairs and cost-optimize its overall maintenance program. Leveraging learnings from the analysis of more than 978 components, Ameren achieved the following business outcomes:
- More than half a million dollars in annual cost savings
- 5,650 annual worker hours freed up
- Thousands saved in direct labor costs
Read the full story to learn how Ameren used Uptake’s applications to lower its maintenance costs and maintain the reliability and safety of its operations.
