Improving Asset Health Information
Unexpected downtime costs industries billions of dollars each year, and the challenges of aging assets combined with many experienced professionals at or near retirement age have companies looking at the promises of IoT technology for answers.
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Equipment & Machinery
- CONNECTIVITY PROTOCOLS
- USE CASES
Asset Health Management (AHM)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.
Customers can be from any industry whose manufacturing processes are highly automated.
National Instruments, in collaboration with companies like HPE, PTC, Flowserve and OSIsoft, are formulating a combined solution that can provide better asset health information.
The solution comprises various aspects such as sensor input and feature extraction with on-asset data acquisition, diagnostics on bearing, seal, and impeller failures and augmented reality for enterprise to assist on-site troubleshooting and repair amongst others.
- DATA COLLECTED
Current, Pressure, Temperature, Voltage, Water Flow Rate
- SOLUTION TYPE
- SOLUTION MATURITY
Emerging (technology has been on the market for > 2 years)
- OPERATIONAL IMPACT
Intelligent edge-to-cloud predictive maintenance system technology help workers be more productive, lower the cost of maintenance, and improve overall uptime.
Impact #2 Impact #3
- QUANTITATIVE BENEFIT
PTCPTC is a global provider of technology platforms and solutions that transform how companies create, operate, and service the "things" in the Internet of Things (IoT). The company's next-generation ThingWorx technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company's field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC's award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.Hewlett Packard Enterprise (HPE)Hewlett Packard Enterprise or HPE (formerly HP) makes IT environments more efficient, productive and secure, enabling fast, flexible responses to a rapidly changing competitive landscape. They enable organizations to act quickly on ideas by delivering infrastructure that can be easily composed and recomposed to meet shifting demands, so they can lead in today’s marketplace of disruptive innovation. Year founded: 2015 (1939) Revenue: $53.0 billion (2014) NYSE: HPE