Digital Asset Management

Not your average cost-benefit analyses
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Your source of truth for proactive asset decision support. Neara’s AI-assisted digital network model is based on a rigorous, MRI-like individual evaluation of every single piece of equipment in your network — as it exists today and how it will hold up to simulated conditions like high winds, flash floods, and heat waves. Validate asset decisions faster, armed with layers of on-demand context to quantify the impact of every risk, every potential solution, and every cost-benefit trade-off.

  • Quantify every risk, asset-level improvement, and system-wide outcome to execute and validate critical asset decisions.
  • Maintain, repair, and replace assets through a risk reduction and value optimization lens, not a schedule.
  • Prove ROI and resilience improvements across every investment in your network, demonstrating that every dollar of proactive spend represents a fraction of the reactive alternative.

 

  • Defer

    20 k

    pole replacements

  • Identify asset failure risks

    3 x

    faster vs. other software

  • …and identify asset failure risks

    10 x

    faster than in the field

  • Save

    $5 m

    on asset inspections
See how

Cost-benefit analyses in minutes, not months

Risk Impact Scoring
Forecast and Backcast Resilience

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Case Studies

Utility with 2M customers defers 25k pole replacements

Neara helped a utility save millions using predictive modeling to identify 25k+ poles that had unnecessarily identified as needing to be retired, without compromising safety. Neara’s platform enabled 3x faster results than other software, transforming the utility’s asset management approach and meeting regulatory demands efficiently.

Introduction

A large distribution network operator partnered with Neara to better manage their asset management lifecycle across asset repair and replacement. They were facing climbing costs and needed to invest more efficiently in network upgrades while demonstrating effective capital allocation and expense budget management.

The Challenge

The utility had made a regulatory commitment to identify and remediate any poles at high risk of failure across their network. They had to prove which poles were in especially bad shape to justify the investment decision, but they only had qualitative field reports and their equipment age-based methodology to explain the logic behind which poles needed replacement.

Initially, they estimated that 25-30k poles needed to be retired and entirely replaced. The cost had become a point of contention with their regulator, and the asset management team needed to both de-risk problem poles and also right-size and justify the replacement cost.

The Solution

Using Neara’s platform, the utility proved that a large portion of the condemned poles were still structurally stable and suitable to remain in service for a defined period. The number of condemned poles was significantly reduced to 4k poles, saving millions of dollars without compromising safety and network integrity.

The utility used Neara’s predictive modeling software to perform tip-loading analysis across every pole in the network, including Finite Element Analysis and various severe weather simulations. The analysis produced evidence that the utility shared with their regulator to prove it was safe to leave much of the initially condemned poles in service. The utility has now entirely digitized its pole tip-loading analysis using Neara’s technology to continually run fast cost-benefit analyses across all risk and asset management programs.

  • Defer 25k pole replacements
  • Identify pole failure risks 10x faster than with traditional approaches

Which assets need your attention?

Which assets need your attention?

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