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.
Applicable Industries
- Automotive
- Transportation
Applicable Functions
- Discrete Manufacturing
- Maintenance
Market Size
From 2013 to 2022, the market for overall asset efficiency improvements potentially accumulates to USD 2.5 trillion.
Source: Cisco
Case Studies.
Case Study
Remote Gas Pipeline Tunnel Temperature Monitoring System
One of Singapore's leading engineering and system integration providers needed exactly the right solution for a challenging gas pipeline application. With experience in assembling systems for many different vertical markets such as oil and gas networks, factory automation, and building automation, this system integrator realized that monitoring the temperature of a gas pipeline tunnel is crucial for safe operations. In the confined space of a tunnel, temperature rises easily, and the overheating could cause pipeline fractures that could lead to gas leaks or even explosions. Meanwhile, the long and narrow dimensions inherent to a tunnel meant that more home run cables must be installed to link all the temperature gauge data acquisition I/O devices back to the pipeline's SCADA system, increasing cabling costs. With these stakes and in these conditions, the simple act of regularly taking the temperature transforms into a formidable yet absolutely necessary requirement. System Requirements • Real-time tunnel temperature monitoring to provide early excessive heat warnings • Data acquisition and system management with SCADA system • Ethernet data acquisition system, but with efficient, cost-effective wiring
Case Study
Marathon Petroleum Develops Collaborative Strategy for Optimizing APM
Since 1999, Marathon has been utilizing Asset Performance Management (APM) from Meridium (now acquired by GE Digital) for its day-to-day reliability needs across a number of its business units, and currently has over 1,300 APM users. After implementing SAP, Marathon found that the modules were deeply customized and difficult to adapt to the existing reliability program. As a result, Marathon began looking into how to improve its overall operational support
Case Study
Solavei Case Study
Solavei offers $49 unlimited voice, text, and data mobile service on a nationwide 4G network. Solavei enables members to connect, share and capitalize on the power of social networks through its platform. Solavei launched with a mission to make commerce less expensive and even profitable by empowering individuals to earn income on the products and services they enjoy and use every day. Solavei is the first mobile service that pays people back for adding new members. The company partnered with GlobalLogic to build this groundbreaking idea from concept into a full-fledged working solution. Currently, GlobalLogic owns the engineering arm and partners with Solavei to drive the platform's evolution.