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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.

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  • INDUSTRIES
  • Automotive
    Transportation
  • FUNCTIONS
  • Discrete Manufacturing
    Maintenance
  • CASE STUDIES
  • Advantech: 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.
    KONUX: Digitize Railway with Deutsche Bahn
    To reduce maintenance costs and delay-causing failures for Deutsche Bahn. They need manual measurements by a position measurement system based on custom-made MEMS sensor clusters, which allow autonomous and continuous monitoring with wireless data transmission and long battery. They were looking for data pre-processing solution in the sensor and machine learning algorithms in the cloud so as to detect critical wear.
    Saviant: High-end, scalable Cloud based IIoT solution for Device Management & Analytics
    Many instrumentation leaders face challenges including how to:Track & monitor their instrument data such as Temperature, Humidity, Dew point or PressureAchieve real-time visibility of data to take necessary measures/actions.Enable Remote Asset management capabilities to keep a watch on the end-devices at pre-scheduled intervalsIntegrate notification engine to alert the end-customers in case of asset failures or abnormal conditions
  • MARKET SIZE
  • From 2013 to 2022, the market for overall asset efficiency improvements potentially accumulates to USD 2.5 trillion.

    Source: Cisco

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