Make asset decisions based on reality

... not just what’s easy to calculate. See the full picture across every asset and make proactive decisions that balance cost, risk, and performance, ensuring every dollar delivers maximum impact.

Imagine a field crew at every pole, streaming data to your top engineer, backed by a supercomputer that instantly weighs every risk, cost, and intervention across your network. RVO, or Risk and Value Optimization, unifies and enriches your asset data to power dynamic risk models that target the right interventions at the right time.

Work smarter, not harder.

Utilities are capturing more data than ever, but without a centralized way to integrate, prioritize, and address your findings, you’re just working harder, not smarter.

Discover how Neara integrates structural asset data and geographic risk into a single, physics-based, engineering-grade platform for proactive, risk-driven network management.

  • Maxed-out spreadsheets
  • Black box analysis
  • Garbage in, garbage out
  • Simulate multiple asset interventions in a single view
  • Export traceable data that anyone can audit
  • 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.

Optimize Risk-Spend Efficiency

Beyond individual assets, 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.
  • Gain complete control over underlying assumptions and calculations, fostering trust in your asset strategies.
  • Organize, evaluate, and share complex risk scenarios and intervention alternatives so you can facilitate consensus and informed decision-making across your organization.
Eric Easton. Vice President of Grid Transformation at CenterPoint Energy

Ready to make better decisions?

FAQS

No, you do not need a network model for RVO. However, it does make your analyses much more precise.

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.

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.

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.

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.

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.

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. We are happy to walk you through the process in more detail.

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.

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