Alot of information, time and energy has been devoted recently to emerging and established practices in asset management. This interest, however, actually has a far longer history. Protocols have been undergoing continuous development and evolution for the past 50 years to keep pace with discoveries, expansion and globalization of industries.
A number of issues were raised in committee discussions during the development of the standard. Since this committee was broadly representative of the asset management community, it can be
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Integration of Meridium’s offerings into GE’s Predix platform gives customers greater access to market-leading APM capabilities; enables more rapid realization of Industrial Internet value
There is an overwhelming focus on sustainability these days. Issues related to carbon emissions, global warming, exponentially growing landfills, rampant energy wastages, etc., which seemed conceptual a decade or two ago, are a reality hitting everyone harder than ever before. Most people are yearning to play a role in contributing to the world’s sustainability goals, which is a very good step!
Digital is one of the common buzzwords in the market. It combines capabilities of the latest and greatest technology stack, like social, mobile, analytics and the Cloud (SMAC), the Internet of Things (IoT), artificial intelligence and virtual reality and, most importantly, amplifies them by encompassing a seamlessly connected enterprise experience.
Seldom do railways have the resources to maintain their infrastructure at a level that ensures steady-state performance. Rather, they are faced with prioritizing maintenance actions to optimize safety and reliability under the burden of constrained resources. Given this reality, railway operations are finding the solution to work more efficiently lies in using information technology. By harnessing the vast amount of existing rail corridor data in a prioritized plan and then assigning the work and monitoring the execution and results with software, many railways are doing more with less resources. This strategy is called linear asset decision support (LADS) and it not only results in steady-state asset performance under constrained resources, it also can improve the asset condition and provide a positive return on investment.
The RELIABILITY Conference - Keynote 58:29 by Terry Wireman, Author
For over four decades, Terry has been specializing in the improvement of maintenance and reliability management strategy and processes by assisting clients in developing "Best-in-class" maintenance and reliability policies and procedures. As an international expert in maintenance/asset management, he has authored twenty five textbooks and scores of white papers and articles related to maintenance management process and technology. Terry represented Vesta on the US TAG as part of PC-251 in the development of the ISO-55000 standard. He currently holds the IAM’s Certificate in Asset Management.
As a follow-up to “How to Develop an Industrial Internet of Things Solution” in the Feb/March 2016 issue of Uptime magazine, this article introduces a series that provides further details about the approach to develop Industrial Internet of Things (IIoT) solutions. The series of articles is based on firsthand experiences of designing, developing and delivering (IIoT) services.
Baseball season may be in full swing, but the most valuable players we’re talking about is right inside your facility. Plant operators play a critical role within processing
Transaction is a significant step in the previously announced strategic portfolio repositioning; Cash proceeds strengthen balance sheet and provide increased financial flexibility
The best asset management strategy ever created will never be successful unless and until it is embraced by the entire business enterprise. Knowledgeable and forward thinking maintenance managers
Reliability Centered Asset Management - 49:16 The RELIABILITY Conference 2016-Asset Management Forum by Richard Overman, Author
With the transition from the twentieth to the twenty-first century, industry has experienced growth of automated technology, the Internet and computer capability. With so much technology readily available, users have the ability to better monitor their equipment and know the condition of their assets with more precision. However, is more precision necessarily a better thing? Just knowing the asset condition more precisely does not necessarily mean the asset is better managed. A better monitored asset that is not substantially contributing to the function of the organization does not help the organization. Hence, the challenge is to effectively use current and future technologies.
Bentley Systems is the leading global provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure.