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
Buoy Status Monitoring with LoRa
The Netherlands are well-known for their inland waterways, canals, sluices and of course port activities. The Dutch Ministry of Infrastructure indicates that there are thousands of buoys and fixed items in and near water environments that would profit from IoT monitoring. One of the problems with buoys for example, is that they get hit by ships and the anchor cable breaks. Without connectivity, it takes quite some time to find out that something has happened with that buoy. Not to mention the costs of renting a boat to go to the buoy to fix it. Another important issue, is that there is no real-time monitoring of the buoys at this moment. Only by physically visiting the object on the water, one gains insight in its status.
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
River Rock Casino’s Surveillance
Doug Gilroy and Mark Bayrock of Advanced Audio Concepts, a Vancouver-based systems integrator, were given free reign to design, install and operate River Rock's complex surveillance system. Gilroy had freedom to design the system with several unique aspects, such as the use of video balun technology to integrate quickly, and an innovative design in the tech room that makes it easier for the operator to spot problems. The integrators also had a long-standing relationship with Honeywell and chose to use Honeywell products almost exclusively throughout the installation.