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asset management

SKF combines modern web technologies and a global service capability to improve rotating equipment

A new server-less and micro-service based system, built on Amazon Web Services will give SKF the scalability needed to future-proof its IoT, and asset management initiatives.

Asset Management

Enabling Asset Integrity

The RELIABILITY Conference Learning Session - 44:03
by Jeff Smith, Acuren

There are seven integrity enablers that must be managed, if they are managed not only is reliability insured it is cost optimized. The primary mistake observed in thirty years of reliability study is focusing on maintenance as a reliability optimization tool. To maintain is to keep in current state, so what is it the moves your asset out of its manufactured state? What type of loading creates stresses and strains that damage the asset? What operational parameters move your asset outside its comfort zone? How do your operators react to abnormal conditions? Is your automation control system protecting your asset or just notifying you of impending failures? Are your restoration and renewal programs aligned with your operational campaign?

Value optimization is enabled with integrity management; this complex problem is simplified by applying the simple process covered in this presentation. This process ties together all the value destruction issues and provides a methodology to enable integrity optimization.

You don’t “Maintain” the integrity of an asset you enable the integrity and maintain the results of that effort.

Asset Management

Skookum Contract Services Wins 2017 Uptime Award for Outstanding Maintenance and Reliability Program

Aquitas Solutions, a leading provider of EAM and IoT solutions that optimize asset intensive industries, announced today that long standing client, Skookum Contract Services, has won a 2017 Uptime Award for Best Work Execution Program.

Asset Management

How Complex Should Maintenance Procedures Be?

The level of complexity depends on several factors:

The complexity of the task. Tasks which have multiple steps that must be performed in specific sequence, or contain unusual operations, must be spelled out precisely.
What specific data is needed

...

Asset Management

Bentley Institute Press Announces Availability of New BIM Publication: Plain Language BIM

Bentley Institute Press, publisher of a broad array of textbooks and professional reference works dedicated to BIM advancements in the architectural, engineering, construction, operations, geospatial, and educational communities, today announced the availability of their newest title, Plain Language BIM, now available as both a print publication and as an eBook for Kindle and iOS devices.

Asset Management

AspenTech Acquires IIoT Cloud-based Software and Edge Connectivity Assets of RtTech Software Inc.

IIoT Cloud and Edge Technology Will Expand AspenTech APM Solutions;

Represents Another Step in the Execution of Company’s Asset Optimization Strategy

Asset Management

World’s Most Critical Industries: Study Reveals Valuable Lessons

What’s worse, a disruption in a major city’s rail system or extended downtime in a cloud data center?

The answer, of course, depends on your perspective. If you’re one of thousands of people who use the rail system to get to work and you can’t afford to miss a day, that disruption is no small matter. But, if your business relies on the Cloud and you’re losing thousands of dollars for every minute of downtime, you might consider your situation more serious than that of the stranded commuters.

Asset Management

Product Value Management: Boosting Performance Through Asset Redesign

Achain is only as strong as its weakest link. Many businesses address this issue by focusing efforts on identifying and strengthening the weakest link. But, is this the best solution? Rather than accepting the existing chain with its weaknesses as given, reconfiguring or redesigning the whole chain can potentially eliminate the weakest link altogether.

This is the reasoning behind product value management (PVM), a holistic approach that can help asset managers redesign assets to boost performance without adding lifecycle costs or complexity.

Asset Management

No More Spreadsheets: The New Paradigm in Asset Strategy Management

Microsoft Excel^® is an amazing tool. Yet, it has its limitations and flaws for engineers who aren’t trained in computer programming.

The main problem with spreadsheets for managing maintenance programs is human error. No matter how fastidious you are when creating a spreadsheet, a single line of data that is entered incorrectly, or worse, an inaccurate user-defined formula, can have huge implications down the road.

Asset Management

Insights From the Nuclear Power Industry Implementation of Value Based Reliability

The RELIABILITY Conference Learning Session - 27:29
by Derek Valine, PG&E

Developing cost-effective equipment maintenance strategies is a complex and data-intensive task, but necessary to realize an effective reliability program in a competitive environment. Historically, in the nuclear power industry, maintenance strategies have not been objectively risk-based, but rather they have been based on prevention of all failures regardless of cost. This approach to maintenance leads to expensive strategies that do not necessarily deliver higher levels of reliability.

Last year, the nuclear power industry identified the need to reduce overall O&M costs while still maintaining high levels of equipment reliability. This requires the ability to analyze and understand the impact of a strategy change not only on reliability but on overall cost of the strategy as well. Diablo Canyon Power Plant determined Preventance Precision by Asset Performance Technologies was the tool best able to provide reliability and cost projections in order to enable the development of cost-effective maintenance strategies.

The solution contains templates for over 700 asset types based on operating context and risk. The templates contain content that was developed as a industry collective and then used by numerous international companies over the last 20 years. Leveraging this content has enabled Diablo Canyon and other nuclear power plant operators to quickly and effectively develop and revise maintenance strategies to provide for required levels of reliability for the least overall cost.

Asset Management

IIoT, Smart Industry and Artificial Intelligence for Manufacturing

The RELIABILITY Conference Learning Session - 39:21
by Rajiv Anand, Quartic.ai

In the manufacturing and industrial world, Industry 4.0, Smart Industry and Industrial IoT have created a lot of buzz lately. In software and computing, Machine Learning and Artificial Intelligence and Big Data are at the top of the hype cycle. Digital transformation and the digital enterprise are on the top of the strategic initiatives list of every board room and C-suite.

While IIoT and Smart Industry have the potential to transform entire supply chains, initial successful implementations focus on maintenance and asset reliability. Predictive maintenance is thus being transformed to prescriptive maintenance by combining existing and new condition monitoring sensors with Machine Learning and Pattern Recognition.

Is it all just hype and the fad of the season or as transformational and disruptive as it is being hyped up to be? How will it impact manufacturing, industrial maintenance and reliability, and the people responsible for running these operations? As a maintenance and reliability professional, what should I be preparing for, learning and applying to enable my company to benefit from this technological revolution?

This presentation will address why and how maintenance and reliability professionals should embrace these technologies and be the leaders for the digital transformation of their companies.

The talk will address some of the following topics:

That maintenance and reliability professionals and domain experts will now become some of the most valuable contributors to an enterprise's supply chain.
The technology will not--as hypothesized by fear mongers--replace humans. It will enable and empower humans to focus on creative and high value, rather than mundane contributions of their skills and expertise to advance the manufacturing industry.
That some of the unfulfilled value creation potential of reliability practices like RCM and Operator Driven Reliability.
That it is not as complicated, scary or risky as some laggards would have you believe; nor does it require everyone to become data scientists and programmers to implement it.
While cloud computing is one of the key enablers, Smart Industry does not mean running all your applications in the cloud.
That we can all begin our journey of learning and starting to apply these technologies today; without disruption to our existing operations and work processes.

Asset Management

Blue Mountain Quality Resources to Host Discussion on FDA’s Draft Guidance on Data Integrity

Blue Mountain Quality Resources, Inc. is set to host a discussion on the FDA’s draft guidance, recent Warning Letter findings regarding Data Integrity and how Life Science manufacturing companies can achieve data integrity in a GMP cloud environment.

asset management

SKF combines modern web technologies and a global service capability to improve rotating equipment

Enabling Asset Integrity

Skookum Contract Services Wins 2017 Uptime Award for Outstanding Maintenance and Reliability Program

How Complex Should Maintenance Procedures Be?

Bentley Institute Press Announces Availability of New BIM Publication: Plain Language BIM

Fluke Accelix integrates condition monitoring, CMMS and SCADA to advance data-driven maintenance

December - January 2018

AspenTech Acquires IIoT Cloud-based Software and Edge Connectivity Assets of RtTech Software Inc.

World’s Most Critical Industries: Study Reveals Valuable Lessons

Product Value Management: Boosting Performance Through Asset Redesign

No More Spreadsheets: The New Paradigm in Asset Strategy Management

Insights From the Nuclear Power Industry Implementation of Value Based Reliability

ABB and HPE Bring Intelligence to Industrial Plants

IIoT, Smart Industry and Artificial Intelligence for Manufacturing

ISO 55000:2014 – Asset Management Family of Standards

Uptime® Magazine Announces Best Reliability Program Award Winners for 2017

Accruent Acquires BlueCielo, Accelerates European Expansion

Blue Mountain Quality Resources to Host Discussion on FDA’s Draft Guidance on Data Integrity

Where Cognitive Predictive Maintenance Is Leading EAM

IFS Study: Digital Transformation Requires Good Software Usability