How You Can Optimize Your Maintenance Today with the IoT

Operators are being pushed to reduce maintenance costs, extend asset lifecycle and increase performance - digital transformation can provide the answer.

Posted: June 6, 2018

Asset Performance

How You Can Optimize Your Maintenance Today with the IoT

Plant operations and maintenance professionals today work in a challenging environment. Operators and engineers across multiple industries are being pushed to reduce maintenance costs, extend the asset lifecycle and increase asset performance. They must also accomplish this while using fewer resources.

At the same time, increased connectivity through the expansion of low-cost sensing is providing enterprises with more industrial big data than ever before. Innovative companies are leveraging the IIoT and the big data their operations generate to transform their maintenance practices.

Digital transformation through an Enterprise Asset Performance Management (APM) solution enables companies to move from a reactive to a proactive maintenance stance for reduced maintenance costs and improved uptime. Enterprise APM is more than just a concept – it’s a proven technology providing benefits in the marketplace today. For instance, EDF Group installed a predictive analytics solution across their thermal and nuclear generation fleet. They saw immediate return on their investment – a single potential failure catch saved the company more than 1 million Euros.

Leverage the IIoT

Enterprise APM solutions combine multiple functions in a hardware-agnostic package for easy integration with existing systems. The functions vary from deployment to deployment, but typically include enterprise data capture, predictive maintenance, mobile workforce empowerment and risk-based maintenance. Predictive analytics tools use techniques such as advanced pattern recognition to catch potential asset failures days, weeks or months before they affect the business. Once the tools detect issues, integrated workflow capabilities means operators can resolve problems quickly and efficiently. These solutions also enable long-term strategic planning. Risk-based maintenance tools enable businesses to plan for the issues that will affect them in five, ten or twenty years.

Enterprise APM solutions take raw industrial data and transform it into insights, then empower employees with actionable insights wherever they are. As a result, engineers are able to spend less time digging through data and more time acting on it. This means operators can conduct maintenance more efficiently and effectively, to the benefit of the entire business.

Enterprise APM in Action

To see our Enterprise APM solutions in person, visit us at SMRP 2017! We’ll be presenting on how you can leverage the IIoT to improve asset reliability. You can also visit our booth #605 to see our innovative solutions in action. You’ll also have the chance to take home a Smart Home IoT Starter Kit, including an Amazon Echo.

What are some of the maintenance challenges you are facing? Let us know your thoughts in the comments!

author
Written By
Kim Custeau

Kim Custeau has 30+ years of experience in industrial asset management software and services. She is currently responsible for the strategic direction, commercialization and development of AVEVA's Asset Performance software portfolio globally, delivering solutions that help customers improve asset reliability and performance to maximize return on capital investments and increase profitability.

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