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asset management

 Emerson’s Plantweb Digital Ecosystem Expands to Improve Enterprise-Wide Visibility into Plant Health

Emerson’s Plantweb Digital Ecosystem Expands to Improve Enterprise-Wide Visibility into Plant Health

Plantweb Optics helps companies visualize and take action on their most important plant assets with mobile-ready collaboration software that transforms business processes

 Cohesive Solutions Inc. Announces New Propel™ Integration with IBM Maximo

Cohesive Solutions Inc. Announces New Propel™ Integration with IBM Maximo

Cohesive Solutions Inc. announces a strategic development between IBM Maximo and Propel called the Propel iFrame Portlet for Maximo.

Profitable Reliability Control for Improved Asset Performance

Profitable Reliability Control for Improved Asset Performance

IMC-2017 RAP Talk - 19:07
by Peter Martin, Schneider Electric Process Automation

As the science behind process control advanced over the past 4 decades, the equipment assets in industrial plants were pushed to, and at times beyond, reliability threshold limits. This led to the need for new and more advanced approaches to asset management. As a result, the science behind asset management has advanced significantly over the last 15 years. New approaches to equipment condition monitoring, predictive maintenance and prescriptive maintenance have proven their worth in terms of improved equipment reliability.

The rise of the Industrial Internet of Things (IIoT) is providing new opportunities to consider improving asset performance. With the reduced, cost, size, and power requirements, coupled with increased capability, capacity and interconnectivity of computer technology, new, highly agile automation system architectures are emerging which align tightly with the asset architectures of industrial plants and enterprises. This means that powerful computers in the form of cyber-physical systems can be aligned to individual industrial assets providing incredible compute power for each asset. Additionally, the expansion of control functionality from process and logic control for improved operational efficiency, to include the real-time control of reliability risk and operational profitability to provide the basic components of Asset Performance Control.

This IIoT-enabled, expanded control domain will operate under Asset Performance Management to provide new levels of measurable operational profitability from equipment assets all the way through entire industrial enterprises.

 Jacobs-NASA Langley Work Honored as 2017’s Best Reliability Program

Jacobs-NASA Langley Work Honored as 2017’s Best Reliability Program

Jacobs Engineering Group Inc. (NYSE:JEC) announced that its work with NASA Langley Research Center has been chosen by ReliabilityWeb® to receive the 2017 Best Reliability Program of the Year Award by UPTIME Magazine.

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Managing “Dock to Decom” in a Hyperscale Data Center Environment

Managing “Dock to Decom” in a Hyperscale Data Center Environment

The hyperscale data center segment is growing as the never-ending onslaught of data continues to require new and more agile transport systems. This need is creating a unique challenge for teams tasked with the management of assets and their lifecycles in these dynamic and sometimes dispersed hyperscale data center environments.

Why Big Data and the Digital Transformation Won’t Deliver Reliability

Why Big Data and the Digital Transformation Won’t Deliver Reliability

IMC-2017 RAP Talk - 23:44
by Jason Apps, ARMS Reliability

Bad data or poor-quality data costs organizations as much as 10-20% of their revenue. The premise of this RAP Talk from IMC-2017 is that you can have too much data. And too much data doesn’t deliver anything by itself! The focus at the moment is on asset health and performance monitoring. Let’s get back to basics.

Edge, Cloud and Reliability

Edge, Cloud and Reliability

IMC-2017 RAP Talk - 21:16
by Jagannath Rao, Siemens

In the manufacturing world, one of the most not talked about phenomena is called the "The Hidden Factory." This can be broadly described as work arounds and other activities which result in poor efficiency, waste and reduction in quality. These phenomena go unnoticed most of the time as the data sources are either too disparate or transparency is lacking due to the inability to address the problem. The reason for the existence of a hidden factory is often multifold and can be categorized into three buckets - a) Reliability issue, both in the process and the machinery, b) Inadequate data transparency to get to the root causes and address them and c) supply chain & logistics bottlenecks.

In this modern age of digital transformation, not only is it possible to address these issues, but in fact a steep change in the manufacturing arena can be made. This demands the adoption of technologies like contextualized data integration, machine learning & analytics and IIoT. This talk is about how Edge Computing, IIoT and adoption of scalable cloud technologies can address and minimize the phenomena of the "Hidden Factory."

 February - March 2018

February - March 2018

Click to read all articles from this issue. You can also download the full PDF.

2017 Uptime Awards - Recognizing the Best of the Best!

2017 Uptime Awards - Recognizing the Best of the Best!

Uptime magazine congratulates the following outstanding programs for their commitment to and execution of high quality Predictive Maintenance and Condition Monitoring Programs.

 Emerson and AspenTech Form Alliance to Deliver Digital Technologies

Emerson and AspenTech Form Alliance to Deliver Digital Technologies

Alliance brings two leading companies together to help customers tackle complex problems, optimize operations, and achieve Top Quartile performance

Going Digital with Operationeering and Servitization

Going Digital with Operationeering and Servitization

IMC-2017 RAP Talk - 22:05
by Chris Barron, Bentley

Historian and Professor, Yuval Noah Harar once wrote (Homo Deus: A Brief History of Tomorrow) "In ancient times having power meant having access to data. Today having power means knowing what to ignore.”

The industrial internet of things (IIoT) represents a huge opportunity in the availability and quality of data from connected devices, but a huge challenge for operators and maintainers in dealing with the deluge of information. Most organizations simply aren’t ready, and either don’t have the systems in place to do it or the people or skills associated.

We believe the answer lies in greater Servitization. This is not a new idea – Rolls Royce aero engines is the flagship example, from selling turbines to selling thrust-as-a-service – but it’s not easy for many companies to translate this to their business. In essence ‘Servitization’ is a digital transformation journey, involving firms developing the capabilities they need to provide and receive services and solutions that supplement their traditional approaches.

Gartner describes the trend towards increasing collaboration between owners, operators, service providers and OEMs. It is no coincidence then that this has been the year of Alliances for Bentley – with announcements with Microsoft, Siemens, TopCon and BV.

Through its AssetWise platform, Bentley is facilitating and enabling greater Servitization – converging and connecting data essential to understanding asset performance, embedding vendor knowledge and expertise, visualizing and putting data in context to enable better decisions. And in areas such as process manufacturing, energy management and power generation, OEMs are embedding their expertise and knowhow, providing a data-efficient expert system approach to compliment data-intensive diagnostic approaches.

This is freeing up organizations to focus on what’s most important to them, and giving them the power to ignore more!

 Invasystems to Adopt Falkonry’s “Ready to Use” Machine Learning System for Digital Oilfield Apps

Invasystems to Adopt Falkonry’s “Ready to Use” Machine Learning System for Digital Oilfield Apps

Invasystems will leverage Falkonry LRS to provide predictive analytics that can help their oil and gas customers reduce OPEX and increase production.

Falkonry will be at the upcoming ARC Industry Forum to discuss how machine learning is reducing downtime and improving throughput in industrial operations.

Q&A with Industry Leader Mildred Chua

Q&A with Industry Leader Mildred Chua

Keep New York Moving.

That is the corporate mission and overall vision of the Metropolitan Transportation Authority (MTA). So what does it take to keep the largest city in the United States up and running?

According to Mildred Chua, Vice President & Chief Financial Officer for MTA Bridges and Tunnels, “I believe that best practices in asset management will enable our organization to use our infrastructure to provide safe and reliable service to our customers. By managing our physical assets well, not only are we able to work toward ensuring high performance for our bridges and tunnels, but we are also able to realize the goals of maximizing our revenues while optimizing the cost of delivering our services.”

 Frost & Sullivan Recognizes Bentley Systems as a Global Provider of Customer Value…

Frost & Sullivan Recognizes Bentley Systems as a Global Provider of Customer Value…

Bentley's asset performance software provides an open data-sharing platform to extend asset life cycles through proactive maintenance that improves productivity and reduces downtime

 ABB launches asset optimization software to support digital transformation

ABB launches asset optimization software to support digital transformation

ABB Ability Ellipse™ suite unveiled at DistribuTECH US to help utilities maximize asset performance and fast-track their digitalization journey

Increasing Uptime Through a Service Relationship Management Approach

Increasing Uptime Through a Service Relationship Management Approach

Although the Internet of Things (IoT) has the ability to provide organizations with an astounding amount of data to help increase uptime, reduce total cost of ownership and improve operational efficiencies, companies are not using this data to its fullest potential. In fact, according to a report by McKinsey & Company, most IoT data remains unused. The small amount of data that is being used is generally applied only to anomaly detection, with little ongoing, sustainable value being achieved.

 L&T Technology Services Launches Digital Industrial Transformation Go-To-Market Powered by Microsoft

L&T Technology Services Launches Digital Industrial Transformation Go-To-Market Powered by Microsoft

Worldwide launch of LTTS Smart Manufacturing, Industrial & Campus/Building Solutions powered by Azure

 Emerson Named ‘Industrial IoT Company of the Year’

Emerson Named ‘Industrial IoT Company of the Year’

Global Technology and Engineering Leader Receives 2018 IoT Breakthrough Award

 Trimble Partners with CalAmp to Deliver Fleet and Asset Management Solutions

Trimble Partners with CalAmp to Deliver Fleet and Asset Management Solutions

Trimble announced today that CalAmp is supplying customized telematics tracking devices and systems management technology for Trimble's Field Service Management (FSM) vehicle and asset monitoring solutions.

 From Science Fiction to Reality: U.S. Navy Technology and Innovation

From Science Fiction to Reality: U.S. Navy Technology and Innovation

From the 1930s on, science fiction comics, books and movies had plenty of futuristic portrayals of “ray guns” shooting some kind of mysterious energy.

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