Optimize risk and value with every dollar spent
… across your entire network. Get asset-level clarity and make proactive decisions that balance cost, risk, and performance, ensuring every dollar delivers maximum impact.
Right intervention, right investment, right time. What if you knew which assets would fail in a storm, how to prevent it, and at what cost? Or exactly how much risk you’d cut by reinforcing a pole instead of replacing it? RVO, or Risk and Value Optimization, makes your risk models smarter with enriched, engineering-grade asset data, so you can take the right action at the right time.
Turn fragmented data into actionable insight
Utilities are capturing more data than ever, but without a centralized way to integrate, prioritize, and act on it, that data stays stuck in silos, and insights remain out of reach.
Discover how Neara integrates structural asset data and geographic risk with our physics-based digital twin platform for better decisions and a stronger network.
- Maxed-out spreadsheets that are hard to follow
- Each intervention requires its own analysis
- Garbage in, garbage out
- Export traceable data that anyone can audit
- Simulate multiple asset interventions in a single view
- Precision in, precision out
Your risk model, but better.
Precise Inputs and Reliable Outputs
Integrate LiDAR-based ground-truth data with advanced predictive models to get unparalleled insight into network vulnerabilities.
- Transform incomplete asset data into comprehensive fragility models. Automatically add critical details like clearances and structural analysis to predict failures and quantify dollar impact across wildfire, reliability, and safety risks.
- Unify risk data from every source, including GIS, maintenance logs, asset images, structural analysis, and geospatial data, in a single platform, eliminating the statistical weaknesses of traditional siloed models.
- Update risk models in real-time as regulatory requirements, risk tolerance, and operating landscape evolve with just a few clicks.
Improve Risk-Spend Efficiency
Model and optimize every dollar of investment across your entire network and forecast the total impact of every strategic decision.
- Calculate precise tradeoffs for any number of interventions, and simulate the impact on an asset, its neighbors, and across the entire network.
- Balance CapEx, OpEx, and risk by quantifying the benefits of each intervention in terms of the dollar value of risk and liability reduction.
- Test complex scenarios across various time horizons – from short-term opex expenditures to long-term system planning – to optimize replacement timeframes and interventions.
Defend Your Decisions with Full Transparency
Easily justify every decision to regulators, executives, and community stakeholders with a fully auditable risk model.
- Export traceable data and clear documentation that withstands scrutiny, simplifying regulatory reporting and compliance.
- Maintain complete control over underlying assumptions and calculations, fostering trust and accountability in your financial models.
- Organize, evaluate, and share complex risk scenarios and intervention alternatives so you can get alignment and make informed decisions across your organization.
Using the model, what would have taken us a year and a half would take us about 3 hours. Now we can analyze our entire overhead distribution system in about three hours, and we can also analyze the transmission system in roughly that same amount of time.
Ready to make better decisions?
FAQS
Do you need a network model for RVO?
No, you do not need a network model for RVO. However, it does make your analyses much more precise.
Does RVO replace existing tooling or layer on top of it?
Either. You can use it instead of other tools to run your risk analyses, you can import external data as key inputs, or export the RVO outputs to other systems. RVO can make your existing tooling much more effective. Preprocessing data in Neara can make running analyses in other tools up to 7x faster.
What data do I need to use RVO effectively? Does it require LiDAR or can it work with existing data?
RVO works with your existing data to model all of your risk scenarios using powerful cloud processing. Adding LiDAR and a network model is optional, but recommended.
Can I customize risk thresholds, asset types, or cost assumptions?
Yes, all of the inputs to your model are completely customizable. You can also model various scenarios with different assumptions in the risk model without disturbing the underlying data.
Will it show me ROI or cost-benefit across multiple risk types?
RVO will help you figure out how various interventions impact your level of risk for any risk type you define. The platform is fully configurable. You can set it up to see the tradeoffs for any intervention or set of interventions in one screen.
How hard is it to learn or use? Do I need a data scientist?
You don’t need a data scientist, but you do want to account for a dedicated resource to keep the model up to date. Neara can help with this if required.
How long does it take to get started?
It depends. If you want to build new, complex risk models from scratch and need to fully outsource your model build, it may take a few months to get up and running. However, if you already have risk models to import, it can be set up in just weeks.
Is Neara building statistical models or asset degradation curve models for me?
While Neara can help you set up your statistical models, we are not subject matter experts in this area. We are here to help you manage and optimize your own models in the Neara platform.