FREE copy of the Uptime Elements Implementation Guide once you subscribe to Reliability Weekly

IMC-2019 Learning Session 35:25 Minutes

by Allison McNulty and Christopher Williams, AspenTech

The advent of new enabling technologies such as high-performance computing, the cloud and data lakes, internet connectivity and mobility — among many others — have come together to generate deeper insights from the exploitation of this data. These advances are making it possible to derive insights not afforded before, to capture even greater value through improvements in operations and reliability, and ultimately to maximize margins through operational excellence programs.

The ability to leverage this massive collection of data to extend the life of assets and maximize the return on capital employed represents one of the greatest sources of additional profit still available — and it is made possible by technologies that fall under the “Industry 4.0” or “digitalization” banner. Early adopters of solutions that incorporate these advances are realizing significantly higher profits and a competitive advantage.

In this session, we’ll discuss how several early adopters of prescriptive analytics have reduced unplanned downtime and improved asset reliability. We’ll discuss how Saras, a leading European refiner, achieved 45 days advanced notice of equipment failure. Other examples covered include a cardboard plant in Asia. 

banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
How IoT-Based Predictive Maintenance and Handheld Inspections Compare and Complement Each Other

How IoT-Based Predictive Maintenance and Handheld Inspections Compare and Complement Each Other

The manufacturing industry has been following a route-based monitoring approach for ages. Without question, AI and IoT has changed the way we look at condition monitoring and diagnostics.

Case Study: Overhead Crane Monitoring Using Wireless IIoT Sensors

Case Study: Overhead Crane Monitoring Using Wireless IIoT Sensors

Wireless vibration sensors have been around for quite some time and have traditionally been used on simple, constant speed machines.

Upcoming Events

August 8 - August 10, 2023

Maximo World 2023

View all Events