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.
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Case Study
IIC Industrial Digital Thread (IDT) Testbed
Field engineers and service teams often lack data and digital insights needed to assess, troubleshoot, and determine work scope for the large industrial assets in performing corrective and preventative maintenance activities. QA engineers many times need to understand why a particular problem in the part is happening recurrently or why parts from suppliers don’t stack up well in the assemblies due to mismatch. The root cause is usually hidden in design, manufacturing processes, supply chain logistics or production planning. But without the right data and digital insights, it's hard to pinpoint. GOAL To collect information in the design, manufacturing, service, supply-chain setup and provide access to and intelligent analytics for industrial manufacturing and performance data, to identify the root cause easier. Such insights can improve not only service and owner/operator productivity, but also provide critical feedback to the design engineering and manufacturing operations teams for continuous improvement.
Case Study
Marathon Petroleum Develops Collaborative Strategy for Optimizing APM
Since 1999, Marathon has been utilizing Asset Performance Management (APM) from Meridium (now acquired by GE Digital) for its day-to-day reliability needs across a number of its business units, and currently has over 1,300 APM users. After implementing SAP, Marathon found that the modules were deeply customized and difficult to adapt to the existing reliability program. As a result, Marathon began looking into how to improve its overall operational support
