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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Automotive Transportation - FUNCTIONS
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Discrete Manufacturing Maintenance - CASE STUDIES
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IBM: Stepping up Production While Keeping Costs Down with Smarter MaintenanceTo achieve its goal of doubling production capacity while keeping tight control of costs, major shoe manufacturer PT Chang Shin Indonesia set out to unlock greater efficiencies in its operations.
B-SCADA: 5678 SMRT Corporation Case Study5678 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.
Emerson: Field Device Asset Management For Chemical Company in ChinaChinese chemical subsidiary of multinational corporation serves customers throughout the world. Sales offices and research and technology centers are strategically located to provide rapid response to customer requests. Just two workers were assigned to maintain thousands of intelligent instruments in three production units, so they could do little more than react to device issues as they appeared. This costly maintenance method inevitably led to unexpected downtime when a critical instrument failed. Plant management recognized the need to change from reactive to predictive maintenance for all assets, including instruments and control valves, but help was needed in implementing such a technology-based initiative. - MARKET SIZE
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From 2013 to 2022, the market for overall asset efficiency improvements potentially accumulates to USD 2.5 trillion.
Source: Cisco
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