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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
  • Intel: Transcode Creates a Vehicle Fleet Management solution with Intel IoT Gateway
    Problem: Inefficient vehicle fleet management hinders business efficiency, employee productivity, and revenue growth opportunities. - Difficult to manage fleet operations, particularly in tracking their daily activities- Challenge for business owners to monitor their drivers’ behavior and daily productivity. Business owners need to ensure that their drivers are following business rules and policies. 
    Microsoft: Driving Digital Transformations for Vitro Diagnostic Medical Devices
    Diagnostic devices play a vital role in helping to improve healthcare delivery. In fact, an estimated 60 percent of the world’s medical decisions are made with support from in vitrodiagnostics (IVD) solutions, such as those provided by Roche Diagnostics, an industry leader. As the demand for medical diagnostic services grows rapidly in hospitals and clinics across China, so does the market for IVD solutions. In addition, the typically high cost of these diagnostic devices means that comprehensive post-sales services are needed. Wanteed to improve three portions of thr IVD:1. Remotely monitor and manage IVD devices as fixed assets.2. Optimizing device availability with predictive maintenance.3. Recommending the best IVD solution for a customer’s needs.
    Temboo: Temboo Enabling Sky Smart Innovation
    SkySmart needed a reliable method to ensure safe storage conditions of avionics equipment.
  • 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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