Asset Strategies

Work Smarter with Asset Strategies

Get in front of equipment failure and poorly directed maintenance spend

As a maintenance and reliability professional you invest a significant amount of energy, time and money to keep your assets running and predictable.  More than likely you are spending most of your time reacting to equipment failures and working tactical problems rather than focusing on proactive efforts to get in front of failure with optimal preventative maintenance and monitoring programs.

What if you could stop the reactive cycle and manage your assets with a simple approach which allows you to get Asset Strategies in place in minutes?

The Asset Twin

Enabling continuous optimization of asset strategies

The Asset Twin defines the key components needed to monitor asset failure risk and proactively identify emerging threats.  By providing an active digital model of the Asset, Failure Modes, and Protections you are able to “operationalize” an Asset Strategy to ensure your stay in front of unplanned failure through continual assessment of condition, health and preventative maintenance activities.

Asset

The virtual definition of an Asset which includes design characteristics, historical failure rates and costs,  failure consequences to the business, expected mission time and probability of future failure.

Failure Modes

Failure Modes define how an asset can potentially fail and the potential impacts that occur when there is a failure.  For each Failure Mode, potential mitigations such as preventative maintenance activities and operating conditions to monitor are established.

Protections

Protections are deployed for each failure mode to guard against unexpected failure and the associated impacts.  Condition protections monitor equipment health, state and operational parameters.  Activity Protections monitor preventative maintenance and inspection activities.  When emerging threats are detected, prescriptive actions are triggered.