Using Digital Transformation in Asset Health to Drive Real Time Decision Support and Reduced Maintenance
BoK Content Type:
Presentation Slides
Video
Presentation Paper
BoK Content Source:
MainTrain 2020
Original date:
Monday, May 11, 2020
Asset management processes are becoming more widely adopted across industrial facilities. In this presentation, we’ll examine an essential aspect of the overall process—asset health—to understand the value of using data-centric models and how asset health enables fact-based decision-making at the asset and asset class levels across the enterprise. As a part of Intelligent Operations—a new approach to achieve Operational Excellence—asset health today uses digital transformation to optimize production, minimize equipment downtime, enhance human performance, and manage operational risks. We’ll examine the key asset-related aspects of Intelligent Operations and explore an asset health strategy based on the principles of interoperability and real-time decision support. Outcomes supported include reduced maintenance costs, enhanced asset availability, changes to predictive repair and capital replacement strategies, improved production, and reduced risk.