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asset management

Siemens and Bentley Systems Agree to Jointly Offer Planning and Design Solutions for Utilities

Building on the strategic alliance between Siemens and Bentley Systems that was made public in November 2016, Siemens’ Energy Management Division and Bentley Systems have announced an agreement to jointly develop solutions to accelerate digitalization of planning, design, and operations for power utilities and industrial power customers.

Asset Management

Industry in Transition: Asset Management for the Digital Enterprise

IMC-2016 RAP Talk - 20:08
by Andy Chatha, ARC Advisory Group

Andy Chatha of ARC Research delivers an 18 minute Reliability and Asset Performance (RAP) Talk at IMC-2016 on Asset Management for the Digital Enterprise.

Asset Management

Engineering Technology and Reality Modeling Enables Whole Life Asset Management

IMC-2016 RAP Talk - 22:46
by Greg Bentley, CEO, President and Chairman of the Board of Bentley Systems

Greg Bentley, CEO, Bentley Systems, discusses his near-term predictions of the visual workplace and the technologies available today for maintenance professionals to work in a realistic 3D visualization environment where asset information is accessible and understood in context. Bentley, a thought leader in engineering technology, will convince you that reality modeling is going mainstream. The adoption rate of UAVs and reality modeling is making continuous surveying of assets a reality for "inspectioneering”.

Asset Management

The Importance of Planning to Sustain Continuous Improvement

Leaders. They used to be represented at almost every maintenance reliability conference around the world. They were seen as the best in asset management with a seemingly limitless number of case studies that clearly showed the benefits of root cause analysis (RCA), condition monitoring, reliability-centered maintenance (RCM), planning and scheduling. Their people gave presentations that clearly showed the value of the foundational elements of walking down your assets, developing an accurate equipment hierarchy and performing a thorough criticality analysis.

Asset Management

IoT Total Solution Management (TSM) at J&J Global Manufacturing Sites

IMC-2016 - 42:20
by Matt Boehne, Banetti

Johnson & Johnson is leveraging IBM Watson Analytics and IoT toolsets with the Banetti IoT TSM expertise to gain deep understanding and control over the breadth and depth of all Intelligent Assets deployed in the J&J Enterprise. IoT TSM is an Enterprise Device & Asset Management (EDAM) solution rooted in the power of the IBM IoT toolset and Watson Analytics. The IoT TSM approach of a single solution layer lying on top of existing systems and devices allows J&J to deploy a standard across all production sites regardless of what underlying technology is in place today.

With IoT TSM in place, J&J has an unprecedented window into the Enterprise technology landscape, both legacy and planned. The solution provides a single dashboard view of the Enterprise, enabling insight into the “dark” sectors of the manufacturing organization while providing intelligent decision support across the Enterprise from top to bottom. TSM is an “active listener” in the world of invisible IT communications and information, which allows J&J to react immediately and intelligently to the rapidly changing BYOD landscape.

Asset Management

CMC Steel South Carolina’s Reliability Journey

IMC-2016 - 51:22
by Greg Evans, CMC

CMC Steel South Carolina's reliability journey was started out of a need to be the low cost producer in the steel industry. A study found that their maintenance practices were completely reactive and their facilities were underutilized. In January of 2005, they began a Reliability Excellence initiative with LCE in an effort to achieve world-class reliability. Watch this video to learn more about their reliability journey and how they were able to save over $6 million as a result of PdM programs since 2012.

Asset Management

Asset Care Perspectives - Learning Along the Journey

IMC-2016 - 46:44
by Scott Halleran, Dayton Power and Light

We all depend on utilities delivering safe and reliable electric service. Learn how innovative reliability and asset health monitoring technologies are a strategic investment and how a culture of reliability is achieved.

Asset Condition Management

Improving Business Performance Through Contract Lubrication

The RELIABILITY Conference – 45:47
by Mike Johnson, President – Precision Lubrication Services

This presentation adds a different perspective on modern maintenance operations. Precision lubrication add a tremendous value as you go about the efforts of reducing the costs of ongoing machine care. Lubricants represent 1-3% of the total budget in typical maintenance budget divisions. Mike Johnson talks about executing a plan for machine lubrication that can improve the performance and streamline operations.

Asset Management

Strategy of Asset Management Seen as a Chess Game

Chess is a challenging game that tests a player’s ability to think methodically and strategically in order to beat an opponent. It involves specific knowledge and skills, along with a strategy. Engineers could probably say with confidence that all the attributes used to win a chess game are applicable to their work. They are especially prevalent when maintaining equipment. Chess attributes can help you successfully implement effective asset management strategies and help you win the game against your competitors.

When implementing asset management in an organization, it is not always about the tools and the systems available. In today’s world, organizations have recognized that it is essential to use other dimensions to help with the implementation. This article explains these “out of the box” dimensions mentioned in PAS55 Standards for Asset Management and compares these attributes to chess strategies.

Asset Management

Major Infrastructure Investment Can Boost U.S. Built Asset Performance

China ranks first, U.S. second in generating significant GDP from built assets

If U.S. invests $1 trillion in infrastructure improvements, U.S. GDP’s return on built assets could improve to 33 percent over 10 years

Implementing asset management tactics could also boost productivity of U.S. built assets by as much as 20 percent

Asset Management

BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally

BP and GE today announced the start-up of Plant Operations Advisor (POA), a new digital solution designed to improve the efficiency, reliability and safety of BP’s oil and gas production operations.

Asset Management

Monitoring Mobile Mining Equipment - Challenges & Solutions

The RELIABILITY Conference - 42:59
by Ron Newman, PRUFTECHNIK Canada

Vibration measurement has come of age in the last 20 years. While the practice of continuous on-line monitoring of critical machines in the oil, gas, and petrochemical industries has been commonplace for several decades, it is only recently that companies who had been using intermittent data collection techniques are now embracing continuous monitoring. The benefits are substantial! The new “horizon” is mobile equipment … draglines, shovels, bucket-wheel excavators, stacker-reclaimers, heavy haul trucks, are all equally important to production and just as “critical” as a gas compressor. However, unlike stationary machinery, monitoring mobile equipment brings substantial challenges that must be addressed to ensure accurate, repeatable, and reliable data acquisition. Rapid speed and load variations are just one element of the application. The logistics of sensor mounting, cabling, network communications, and general serviceability, bring unique complications to the task of monitoring these machines. We will discuss these obstacles and present new solutions that have the potential to bring significant reliability improvements to large mobile equipment.

asset management

Schneider Electric Acquires MWPowerlab s.r.l.

Siemens and Bentley Systems Agree to Jointly Offer Planning and Design Solutions for Utilities

ABB Launches Next-Generation Asset Management Solution to Improve Efficiency and Optimize Costs

Industry in Transition: Asset Management for the Digital Enterprise

Engineering Technology and Reality Modeling Enables Whole Life Asset Management

Preventing Chaos With a Holistic Asset Management Approach

The Importance of Planning to Sustain Continuous Improvement

IoT Total Solution Management (TSM) at J&J Global Manufacturing Sites

CMC Steel South Carolina’s Reliability Journey

Asset Care Perspectives - Learning Along the Journey

Improving Business Performance Through Contract Lubrication

Reliabilityweb.com Announces 2016 Uptime® Award Winners

Reliabilityweb.com Launches Enhanced Reliability Framework And Asset Management System

Reliabilityweb.com to Release New Book About ISO55000 Asset Management

December - January 2017

Strategy of Asset Management Seen as a Chess Game

AspenTech Introduces Third Suite Focused on Asset Maintenance and Process Analytics

Major Infrastructure Investment Can Boost U.S. Built Asset Performance

BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally

Monitoring Mobile Mining Equipment - Challenges & Solutions