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Asset Health Management (AHM)
Overview
Asset Health Management refers to the process of analyzing the health of an asset as determined by operational requirements. The health of an asset in itself relates to the asset's utility, its need to be replaced, and its need for maintenance. It can be broken down into three key components: 1) Monitoring: Tracking the current operating status of the asset. 2) Diagnostic Analysis: Comparing real-time data to historical data in order to detect anomalies. 3) Prognostic Analysis: Identifying and prioritizing specific actions to maximize the remaining useful life of the asset based on analysis of real-time and historical data.
Applicable Industries
- Automotive
- Transportation
Applicable Functions
- Discrete Manufacturing
- Maintenance
Market Size
From 2013 to 2022, the market for overall asset efficiency improvements potentially accumulates to USD 2.5 trillion.
Source: Cisco
Case Studies.
Case Study
Fire Alarm System and Remote Monitoring Sytem
Fire alarm systems are essential in providing an early warning in the event of fire. They help to save lives and protect property whilst also fulfilling the needs of insurance companies and government departments.Fire alarm systems typically consist of several inter-linked components, such as smoke detectors, heat detector, carbon monoxide, manual call points, sounders, alarm and buzzer. The fire alarm system should give immediate information in order to prevent the fire spread and protect live and property.To get maximum protection a shoe manufacturer in Indonesia opted for a new fire alarm system to monitor 13 production sites spread over 160 hectars. Although the company had an existing fire alarm system, it could not be monitored remotely.It was essential that the new system would be able to be monitored from a central control room. It needed to be able to connect to the existing smoke detector and manual call point. Information should be easily collected and passed on to the Supervisory Control and Data Acquisition (SCADA) system. Furthermore, the system should have several features such as alarm management, auto reporting, being connected to many client computers without additional cost, and run 24/7 without fails. The company also needed a system which could be implemented without changing the architecture of the existing fire alarm system.
Case Study
Petropriar Uses Operator Rounds to Improve Asset Performance and Avoid Unplanned
Petropriar, S.A., a subsidiary of Petróleos de Venezuela S.A., owns and operates oil and natural gas reserves in the country’s Orinoco Belt. Petropriar needed an easy way to manage the inspection of its rotating electrical and static equipment at one of its industrial complexes.