Asset Management

The area of asset management provides a prime example of how IIoT data exchange and smart machine concepts can be applied to business problems. When aligning business processes to enable data capture and analysis it all starts with the individual assets. As more individual assets are enabled, site-wide processes become more efficient and productive.

619 Views, 03 Nov 2017 06:59 pm

Description

The area of asset management provides a prime example of how IIoT data exchange and smart machine concepts can be applied to business problems. When aligning business processes to enable data capture and analysis it all starts with the individual assets. As more individual assets are enabled, site-wide processes become more efficient and productive.
A critical success factor for remaining competitive is the ability to gather greater volumes of data, to analyze that data in new and different ways, and to utilize the results of that analysis to drive quick decisions.
Asset performance management tools enable predictive maintenance

Some of the new asset management tools are now available as a cloud-based service. In the past, asset management centered around either reactive (if it breaks, get it fixed as soon as possible) or scheduled maintenance. Now a more cost-effective model has emerged: predictive maintenance. That is, replacement of worn components at exactly the right time, just prior to end-of-life or prior to unanticipated downtime.

To enable predictive maintenance, devices must be capable of communicating their status. Then that data needs to be analyzed.  Advanced asset performance monitoring is built on these three layers of analysis:

  • The first layer uses asset specific algorithms, rules and thresholds (derived from many data points gathered over time across many sites) to gauge the performance of the assets (e.g., how long that motor will last, or whether warning signs are being detected).
  • The second layer consists of a Service Bureau, which is manned by a team to determine if the event the system has detected is a normal condition, or whether it requires additional investigation.
  • The third layer, engaging a remote expert, is employed If more investigation is required. The expert analyzes the data, determines the root cause, and develops a detailed event report.
  • The cloud-based asset management model is scalable. An industrial site can start small and only be billed for the amount of monitoring that is required (4 or 5 pumps for example or, if the electrical system is being monitored, the main breakers). Then, as time goes on, more assets can be easily added until site-wide or multiple site monitoring is in place.

Once it is determined through monitoring that maintenance needs to be performed, the world of the on-location service person is also made simpler. A service engineer, in front of a machine, can pick up an iPad and point the built-in camera at the equipment. The iPad will then pop up a visualization of the equipment inside the cabinet. It tells the service engineer, “Here is drive A, there is actuator B.” The engineer taps the piece of equipment on his screen and the relevant data he needs appears. That information could be the history of that particular drive, with information regarding how it’s been behaving over the last 14 days. On the screen, he sees a visual model of the equipment and, although he’s never seen this machine before, he knows how to repair it.  See an example of this live augmented reality end user solution deployment.