Innovyze Introduces InfoMaster Suite Edition, Enabling Expansion of Analytics-Driven Asset Management to Full Enterprise

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Innovyze Introduces InfoMaster Suite Edition, Enabling Expansion of Analytics-Driven Asset Management to Full Enterprise

Comprehensive GIS-Centric Analytical Asset Management Software Suite Lets Municipalities, Public Works and Water/Wastewater Utilities Optimize Asset Utilization and Performance and Extend Asset Life at Maximum Savings

Broomfield, Colorado, USA, October 27, 2015 — Innovyze, a leading global innovator of business analytics software and technologies for smart wet infrastructure, today introduced its new InfoMaster Suite for developing an effective GIS-centric Enterprise Asset Management (EAM) program. Available as a complete product or an upgrade to the industry-leading InfoMaster, the new Suite extension dramatically expands the software’s powerful analytics-driven asset management capabilities for public works, utilities and municipalities of all sizes and their consultants and contractors. The overarching goal of InfoMaster Suite is to get more from existing enterprise assets including facilities, public spaces, and infrastructure. It enables users to create records for any water- or non-water related assets in their networks and then effectively manage, integrate, validate, analyze, and report on them. These assets can include roads, signs, benches, schools, buildings, parks and recreation areas, trees, treatment plants, tanks, and pumps as well as water, wastewater and stormwater networks. Users can now gain in-depth view and control of all critical assets that affect regulatory compliance, risk and business performance. The powerful modeling capabilities of the Suite also help users prolong the useful life of their physical assets and improve their performance and operational efficiency at maximum savings. These features let them know when their assets should be repaired and when they should be replaced. InfoMaster Suite arms users with sophisticated predictive analytics and modeling capabilities, helping them accurately assess the level of asset deterioration and determine both its likelihood and consequence of failure. This critical information facilitates a proactive approach to identifying and managing these high-risk assets to help preserve their integrity and keep them operating well into the future. It also eliminates reactive maintenance — waiting for asset failures to occur before repairing. In this way, users can ensure the smartest distribution of dollars spent on replacement and repair of their assets. They can also create reliable, cost-effective, risk-based capital improvement plans that enhance operational efficiency and quality of service and keep assets performing at peak condition while making the most of limited budgets. InfoMaster comprehensive asset integrity modeling techniques provide reliable asset failure predictions, even for limited failure records. These techniques include the non-homogeneous Markov Chain (NHMC), non-homogeneous Poisson process (NHPP), Linear Extended Yule Process (LEYP), Cox proportional hazards model, and advanced time-based probabilistic Weibull and Herz models. They can be effectively used to evaluate a variety of asset characteristics related to failure, and can consider all assets in the enterprise. Armed with these powerful mathematical models, users can now accurately assess the aging processes of their assets and estimate their lifetimes and failure potential and distribution over time. With these unique, cutting-edge capabilities, InfoMaster Suite supports well-informed, swift, cost-effective and action-oriented decision making for both day-to-day operational management and long-term network planning. To gain the clearest possible picture of their asset infrastructures, users can integrate a host of applications and data sets they already use, including corporate databases, maintenance management systems, field data systems, SCADA, hydraulic modeling software and other corporate applications. The software also integrates seamlessly with the powerful Esri (Redlands, CA) ArcGIS platform, helping users maximize their investment in GIS. The comprehensive nature of InfoMaster Suite supports the increasingly widespread adoption of GIS, modeling technology, and predictive and operational analytics by the industry, propelling its applications into the next generation. It also furthers Innovyze’s time-honored practice of continually adding value to its software and bringing unmatched asset modeling and management capabilities, backed by unsurpassed technical support, into the mainstream. “Organizations worldwide face the constant challenge of sustaining and improving the performance of their assets with limited resources,” said Paul F. Boulos, Ph.D., BCEEM, Hon.D.WRE, Dist.D.NE, Dist.M.ASCE, NAE, President, COO and Chief Technical Officer of Innovyze. “The new InfoMaster Suite delivers critical capabilities for meeting this challenge. In particular, it lets users quickly identify under-utilized and poorly performing assets that require immediate attention. The software’s comprehensive asset management, advanced analytics and data collection and analysis capabilities empower organizations to better assess and understand current conditions, predict and fix problems before they occur, prioritize investments, assess return on investment for smarter decisions, and strengthen their infrastructure assets in a phased manner. They are also invaluable aids in reducing operational and capital spending, meeting service expectations and regulatory requirements, and putting their assets on the road to sustainability. This new suite reflects Innovyze’s commitment to continuous product evolution designed to meet the ever-changing needs of our industry. Our customers count on this commitment to help make their organizations the best run in the world. We are proud to introduce this powerful new solution, knowing that it will make an immediate difference in people’s lives, our communities, and our society.” Pricing and Availability InfoMaster Suite is now available worldwide by subscription. Special upgrade prices are available for all existingInfoMaster users. Contact your local Innovyze representative for full upgrade information.