Use Information Technologies and Operating Technologies to get the most from your enterprise asset management system

How Maximo 8.0 helps you avoid unscheduled downtime, improve first-time fix rate and reduce safety incidents

By , Lauren Luellwitz, and Kevin Egge | 2 minute read | November 12, 2020

This is Part Two of a three-part series that explores the critical role of IBM Maximo in many of the world’s asset-intensive industries, and what it can do for your organization.

There are petabytes of data generated by intelligent, interconnected and autonomous systems of Industry 4.0. When combined with artificial intelligence tools that provide actionable insight, it has the potential to improve every function within a plant, i.e. operations, engineering, quality, reliability and maintenance.

The maintenance function, while crucial to the smooth functioning of a plant has, until recently not seen much innovation. Many among us have experienced the equipment downtime, process drifts, massive hits to yield, and decline in product reliability because of maintenance performed poorly or late. Yet, Enterprise Asset Management (EAM) systems – ERP systems that help maintain assets – remained as systems of record that typically generated work-orders and recorded maintenance performed. Even as production processes became mind-numbingly complex, EAM systems remained much the same.

IBM Maximo 8.0, or Maximo Application Suite, is one example of a system that combines artificial intelligent (AI), big data and cloud computing technologies with domain expertise from operating technologies (OT) to simplify maintenance and deliver production resilience.

Maximo 8.0 leverages AI to visually inspect gas pipelines, rail tracks, bridges and tunnels; AI guides technicians as they conduct complex repairs; it provides maintenance supervisors real-time visibility into the health and safety of their technicians. Domain expertise is incorporated in the form of data to train AI models. These capabilities improve the ability to avoid unscheduled downtime, improve first-time-fix rate, and reduce safety incidents.

Maintenance records residing in Maximo are combined with real-time operational data from production assets and their associated asset model to better predict when maintenance is required. In this example, asset models embody domain expertise. These models characterize how a production asset such as a power generator or catalytic converter should perform in the context of where it is installed in the process.

The Maximo application itself is encapsulated (containerized) using Red Hat’s OpenShift technology. Containerization allows the application to be easily deployed on-premises, on private clouds or hybrid clouds. This flexibility in deployment benefits IT organizations that need to continually evolve their infrastructure, which is almost every organization.

Maximo 8.0 is available as a suite that includes both core and advanced capabilities. A single software entitlement provides access to all capabilities. The entitlement provides access to the core EAM functionality of work and resource scheduling, asset management, industry-specific customizations, EHS guidelines, and mobile functionality. And it provides access to advanced functionality such as Maximo Monitor, which automatically detects anomalies in how an asset may be performing; Maximo Health, which measures equipment health; Maximo Predict, which, as the name suggests, predicts when maintenance is required; and Maximo Assist which assists technicians conduct repairs.

Read the final installment in this series to see how you can take advantage of a large Partner Ecosystem to simplify asset maintenance and operation.

Read Part Three.

Want to read this series from the beginning? Start here.

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