Asset Health Management (AHM)

Use Cases Automotive Asset Health Management (AHM)

	Asset Health Management (AHM)

Overview	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. Read More
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Overview

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.

Automotive
Case Studies (2)
Transportation
Case Studies (9)

Discrete Manufacturing
Maintenance
Case Studies (18)

	Asset Management helps NASCAR Drive Down Costs Hendrick Motorsports wanted to coordinate information across 6 warehouses, track usage of approximately 150 components on each car and get the system up and running within four months.
	Petropriar Uses Operator Rounds to Improve Asset Performance and Avoid Unplanned Petropriar, S.A., a subsidiary of Petróleos de Venezuela S.A., owns and operates oil and natural gas reserves in the country’s Orinoco Belt. Petropriar needed an easy way to manage the inspection of its rotating electrical and static equipment at one of its industrial complexes.
	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.

From 2013 to 2022, the market for overall asset efficiency improvements potentially accumulates to USD 2.5 trillion. Source: Cisco Log in to view content

From 2013 to 2022, the market for overall asset efficiency improvements potentially accumulates to USD 2.5 trillion.

Source: Cisco

Erik Walenza-Slabe

CEO

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Overview

Asset Health Management (AHM)

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