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
5678 SMRT Corporation Case Study
5678 SMRT needed a fast, modern, scalable web reporting solution that could be accessed by numerous operators over many and diverse divisions. They wanted to extend and enhance their current HMI system, in which they had invested significant time and money, without having to replace it.
Case Study
RFID Cuts Asset Tracking Time by 70 percent at Nuclear Power Plant
In the CNPE power plant there are numerous large, portable metal containers that house sensitive equipment and have to be subject to regular internal and regulatory inspections for safety and security. As a result, a facility operator has the challenging task of keeping track of the movement of these containers at all times.