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asset management

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.

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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.

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

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.

Enabling Asset Integrity

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.

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

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.

 How Complex Should Maintenance Procedures Be?

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

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

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.

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

New release of eMaint CMMS solution fully integrates with Fluke Connect Condition Monitoring and SCHAD Automatic Meter Reading

 December - January 2018

December - January 2018

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

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

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