Why Asset Health Management?
All businesses are dependent on the reliability and availability of critical assets for the smooth running of their operations. The impact of asset failure ranges in severity and can include a total loss of production, inefficient service delivery, loss of income, damage to brand equity, or a breach in legislative compliance.
What if you could use technology to give these assets a voice to provide vital information for fast and accurate decision making?
What is Asset Health Management?
By definition, it encompasses the capabilities of IIoT, data capture, integration, visualisation and analytics tied together for the explicit purpose of improving the performance, cost and risk related to physical assets.
It includes the concepts of online/intime condition and asset health monitoring, predictive forecasting, the effective implementation of the optimum maintenance mix of activities and taking timeous corrective action.