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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
  • B-SCADA: 5678 SMRT Corporation Case Study
    5678 SMRT needed a fast, modern, scalable web reporting solution that could be accessed by numerous operators over many and diverse divisions. They wanted to extend and enhance their current HMI system, in which they had invested significant time and money, without having to replace it.
    Apptricity: Major Aerospace Company Automates Asset Management
    The O&M division of an aerospace and global security company was using spreadsheets to manually track more than 3,000 assets assigned to students and staff. Maintaining audit trails for this high volume of equipment became increasingly time-consuming and challenging. The chore involved knowing precisely what equipment was on hand, what had been issued, its location and the name of the custodial owner of each item. Every aspect of this task was carried owner of each item. Every aspect of this task was carried out by individuals with spreadsheets. Manually documenting the full lifecycle of each asset added to the burden. This included tracking maintenance requirements and records, incidents and damages, repairs, calibrations, depreciation, and end-of-life data.
    Xively (Google): Best Buy Slashes App Development Time And Resources With Xively (GCP App)
    Best Buy wanted to quickly develop and deploy apps to achieve business goals. Also, create apps that are scalable and low-maintenance.
  • 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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