Lunch and Learn Webcast: IIoT Technologies for Improved Asset Management
BoK Content Type:
Webcast
BoK Content Source:
Practitioner Produced
Original date:
Tuesday, April 4, 2023
Industry 4.0 and the Industrial Internet of Things (IIoT) have ushered in new digital technologies that are transformative for inspections, maintenance, and overall asset integrity management. These include:Digital Twin, which is a virtual replica of equipment with real-time data from its physical counterpart, delivering contextualized visualization of plant and asset conditions in near real-time.Connected Worker, which refers to wearable devices connected to an AIM platform. These enable mobile workflows, hands-free inspections, and remote collaboration on real-time data to reduce time and resource requirements.AI-driven optical gas imaging that enables autonomous, real-time visual inspection of assets, leak detection and repair (LDAR), tank level monitoring, PPE detection, and more.IT/OT Convergence, which refers to the bidirectional linking of all informational technology and operational technology into one collaborative database. This brings all maintenance, inspection, and operations data into a single collaborative environment from which all parties can access current, accurate, real-time actionable intelligence.When leveraged correctly, these technologies make it possible to improve asset management decision making, mitigate risk, optimize asset lifecycles, improve workflows and safety for personnel, and enable companies to be future-ready for sustainable development. This webcast will present each of these technologies, how they work, and what their use cases are for asset management (including video examples). In addition, it will present a scalable implementation strategy for adoption of these technologies in a manner that is manageable and cost-effective.