Articles
Asset Performance Conference 2024 Highlights
The Asset Performance Conference 2024 brought together more than 350…
Intelligent Processes: How the osapiens HUB Increases Efficiency in Asset Performance and Maintenance Execution
The introduction of an intelligent asset management platform opens up a multitude of new opportunities. Where data was once isolated in different systems like ERP, MES, and asset management, it can now be integrated through a modern software solution, unlocking innovation and differentiation.
Maintenance management teams are under increasing pressure to cut costs and allocate resources more efficiently. Inflation, rising energy prices, and higher labor costs strain budgets and make it harder to maintain high-quality service.
Optimizing maintenance: a strategic approach for industry professionals
In today’s fast-paced industrial environment, industries such as energy, manufacturing, and food production face the ongoing challenge of maintaining efficiency while managing costs. Predictive maintenance, supported by a structured, data-driven approach, offers a powerful solution to enhance the reliability and lifespan of assets, leading to improved operational performance.
Scarcity of technical labour market is an opportunity to innovate more
Rob Gülickers, Technology director at Sitech: ‘Industry 5.0 is the next step in the industrial evolution, in which the synergy between man and machine is central. It builds on previous revolutions, such as Industry 4.0, where automation and digital technologies dominated. Industry 5.0 aims at a collaboration between human skills and advanced technologies. This allows us to increase productivity and improve efficiency.
Sustainable Asset Management makes a difference
The industry is very aware of the need to become more sustainable. Manufacturing companies are already taking major steps to reduce greenhouse gas emissions and energy consumption. But there is still a gap to be filled in reaching the European climate and energy targets. Sustainable Asset Management could be the answer.
Turn complexity into simplicity
Condition monitoring of all critical powertrain components is a challenge for all industrial sectors. Maintenance engineers need scalable and holistic monitoring solutions that provide detailed insights into the condition of both mechanical parts, as well as the electrical components in rotating machines.
AI and Enterprise Asset Management : Artificial Intelligence will transform Enterprise Asset Management (EAM).
Integrating AI into EAM platforms could radically enhance capabilities, resulting in higher employee productivity and further maximizing asset performance, with all relevant data protection in place. By leveraging AI, future EAM toolsets will be more intuitive, accessible and predictive, therefore driving unprecedented efficiency and effectiveness in asset management practices. That is the exciting potential, for sure, but getting there means some obstacles still need to be overcome.
How Artificial Intelligence Improves Your Maintenance Processes
AI can be used in combination with a maintenance planning system to enhance and streamline the maintenance process. A maintenance planning system is designed to organize and schedule maintenance activities and optimize asset availability. AI can analyze data and predict when maintenance is needed, optimizing the planning process and minimizing asset downtime.
By utilizing machine learning techniques, AI can identify patterns in data and detect anomalies, allowing for the prediction of issues before they occur. This means that maintenance can be scheduled based on the actual needs of the assets, rather than a predetermined schedule.
Don’t Focus On Wrench Time to Justify Planning & Scheduling ROI
Maintenance organizations often have similar motivations for reassessing their planning and scheduling processes. These include addressing a lack of visibility into resource availability, managing out-of-control backlogs, or responding to management pressure to reduce maintenance budgets.
Currently, over 67% of business cases for planning and scheduling software focus primarily on improving wrench time through scheduling solutions and process reviews. It’s widely known that the average Hands on Tool Time (HOTT) for most companies ranges between 25% and 35%. However, companies employing best practices in planning and scheduling report wrench times of 60% and higher. What accounts for this significant difference?
Reducing costs through enhanced reliability
Unplanned downtime regularly results in high costs for industrial businesses. That’s according to an ABB survey of 3,215 plant maintenance leaders across various sectors, including energy, metals, utilities, food and beverage, and chemicals. In the energy and power generation sector alone, an hour of unexpected downtime can cost nearly USD180,000 and 69 percent of industrial businesses experiencing these shutdowns at least monthly.
Reliable equipment delivers clear advantages in reducing unplanned downtime, maximizing operational uptime, improving performance, and ensuring continuous equipment availability. However, despite the well-recognised benefits of reliability, current maintenance practices often fall short.