Asset Management
Why move from condition monitoring to predictive maintenance? – Part 2
Written by Dan Yarmoluk and Craig Truempi | April 15, 2019 | Asset Management, Events
Several weeks ago, I wrote a blog in which I discussed the history of condition monitoring and the differences between condition monitoring and predictive maintenance. You’ll recall that we left off introducing the next evolution of maintenance: condition monitoring 4.0. The most current advancements in predictive maintenance require automation of the analysis process using AI models. ...read more
How to reduce injuries on the job with IoT data and analytics
Written by Russell Bee | April 12, 2019 | Asset Management, Manufacturing, Worker Insights
Did you know that 178 work-related accidents happen every 15 seconds? It’s a staggering number with potentially devastating effects on employees in asset-intensive industries. Businesses pay a high price for accidents, too. In the United States, estimated annual costs associated with occupational injuries and illnesses total USD $170 billion. Despite extensive regulation and strong commitment to ...read more
Ready to make the competition nervous? Use AI and IoT with your physical assets
Written by Joe Berti | April 11, 2019 | Asset Management, Manufacturing, Oil and Gas
People in charge of managing the performance of physical assets in industries such as energy and utilities, mining, and real estate are now reducing overall maintenance costs by 5-10 percent. They’re also increasing equipment uptime and availability by 10-20 percent. If results like these don’t make their competitors nervous, I don’t know what will. These ...read more
IoT Slam 2019 Recap: Regulatory reality check with IoT & Blockchain
Written by Michael Rowe | April 11, 2019 | Asset Management, Blockchain
Thousands tuned into this week’s IoT Slam 2019 event featuring an impressive lineup of speakers from the major players in the Internet of Things (IoT) community – including IBM. Put on by the IoT Community®, the IoT Slam is a great opportunity to dig into the latest applications of IoT in the enterprise. I was particularly excited ...read more
Maximo and IoT turns your data into insights and innovation
Written by Bruce D Baron and Jason Spaulding | March 26, 2019 | Asset Management, Conferences, Events
Learn more about the Maximo Academy at IoT Exchange, 24-26 April at the Hilton Orlando Plan your track. Chart your course. It’s time to unleash the full value of your data with IoT and AI. We look forward to welcoming you to the future of asset maintenance in Orlando, Florida. ...read more
How you can start optimizing your asset performance management strategy today
Written by Christian Tinajero | March 26, 2019 | Asset Management
What worked in the past simply does not cut it in today’s asset-intensive organizations. Digital transformation and the Internet of Things ( IoT) are continuously pushing companies to utilize data and automate production processes. Having a successful asset performance management strategy is key to staying competitive in today’s market. With recent advancements in the industry, ...read more
Why move from condition monitoring to predictive maintenance? – Part 1
Written by Dan Yarmoluk and Craig Truempi | March 15, 2019 | Asset Management, Events, Factories...
Has your organization adopted condition-based or predictive maintenance? The addition of these maintenance strategies for legacy or aftermarket industrial pumps and equipment is touted today as a significant source of return on investment (ROI) for the Industrial Internet of Things (IIoT). Yet, for many people, predictive maintenance is a new term. Many also confuse predictive ...read more
Find out how your asset management stacks up at the IoT Exchange
Written by Bruce D Baron and Jason Spaulding | March 11, 2019 | Asset Management, Events, Manufacturing
Most of us like to know how we’re performing relative to others who are doing the same job. We hope that maybe we’re doing a little bit better than they are. And, if we’re not, we want to figure out how to up our game—quickly. If you’re not achieving the asset management results we’re about ...read more
IoT and Blockchain: Improve asset visibility and compliance
Written by Michael Rowe and Tom Sarasin | March 5, 2019 | Asset Management, Blockchain
We continue to connect and instrument our physical world. As we do so, more and more opportunities arise to ensure that our assets and processes are performing well, and within regulatory limits. Using the IoT and blockchain, organizations can now improve asset visibility and compliance to ensure regulators and third parties are in sync. Customers ...read more
Toy manufacturer replaces reliance on sketchy magic with IoT
Written by Sarah Dudley and Graeme Noseworthy | December 20, 2018 | Asset Management, Buildings, Manufacturing...
A large toy manufacturer located at the northernmost point of the planet must produce in excess of 2 billion toys* each year. To meet this incredible demand, it is critical to ensure operations, facility management, and worker safety are at optimum efficiency. To top it off, they must distribute all the toys in just one ...read more
How UCSF Health is putting patients first with facilities management
Written by Bruce D Baron | November 6, 2018 | Asset Management, Buildings
If buildings are getting smarter, then medical facilities have to be brilliant. That’s why University of California, San Francisco (UCSF) Health is working with IBM Maximo to create cutting-edge health facilities that aim to keep the patient care environment safe. It started when UCSF Health and IBM partnered to optimize the management of existing health ...read more
The struggle for data quality is real for asset and facilities management leaders
Written by Joe Lonjin | October 30, 2018 | Asset Management
Today’s facilities are swiftly moving towards a smarter ecosystem, with thousands of physical asset attributes to maintain and manage. To support this complex infrastructure, data management is crucial, and has conventionally been a major issue for higher education facilities. Without quality data management, organizations will struggle to define mission-critical information and achieve supported decision making. ...read more