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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
  • SmartLog: Buoy Status Monitoring with LoRa
    The Netherlands are well-known for their inland waterways, canals, sluices and of course port activities. The Dutch Ministry of Infrastructure indicates that there are thousands of buoys and fixed items in and near water environments that would profit from IoT monitoring. One of the problems with buoys for example, is that they get hit by ships and the anchor cable breaks. Without connectivity, it takes quite some time to find out that something has happened with that buoy. Not to mention the costs of renting a boat to go to the buoy to fix it. Another important issue, is that there is no real-time monitoring of the buoys at this moment. Only by physically visiting the object on the water, one gains insight in its status.
    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
    Honeywell: River Rock Casino’s Surveillance
    Doug Gilroy and Mark Bayrock of Advanced Audio Concepts, a Vancouver-based systems integrator, were given free reign to design, install and operate River Rock's complex surveillance system. Gilroy had freedom to design the system with several unique aspects, such as the use of video balun technology to integrate quickly, and an innovative design in the tech room that makes it easier for the operator to spot problems. The integrators also had a long-standing relationship with Honeywell and chose to use Honeywell products almost exclusively throughout the installation.
  • 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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