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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
  • NI: 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.
    Intel: Connected Transportation: A Smarter Brain for Your Train with Intel
    A modern locomotive, for example, has as many as 200 sensors generating more than a billion data points per second. Vibration sensors surround critical components, video cameras scan the track and cab, while other sensors monitor RPM, power, temperature, the fuel mix, exhaust characteristics, and more.Most of today’s locomotives lack sufficient on-board processing power to make full use of all this data. To make matters worse, the data from different subsystems, such as the brakes, fuel system, and engine, remain separate, stored in isolated “boxes” that prevent unified analysis. The data is available, but the technology needed to process it in the most effective manner is not. As new sensors are added to the machine, the problem escalates.
    AquamatiX Ltd.: Real Time Network Performance Monitoring
    Veolia Water had a pressing need to implement a monitoring and control system that could replace their centralized control facility.
  • 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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