Solution Spotlight: Watchlists deliver actionable information

“I spend about 80% of my time gathering information, only 20% analyzing it.”

 

This was a notable quote from a presentation given 20 years ago by a reliability professional from a very mature industrial organization.  Today, there are a myriad of data integration and management solutions which offer dashboards from EAM, condition monitoring and reliability management data.  While dashboards can provide a way to cut into that 80%-time allocation to gather data for analysis, they are not the answer to optimize the productivity of today’s engineers.  The key challenge with dashboards is they are passive, static, and rarely offer actionable insights and the work process to solve the problem.  Who has time for that?  Fully leveraging an experienced asset managers knowledge can drive significant impact to the top and bottom line of an industrial company.  To fully enable this, APM solutions need to move beyond static views of data and deliver targeted insights, in the context of risk, with an actionable process to drive mitigations.

This challenge is why Itus APM allows asset managers to easily subscribe to an Asset Twin with one mouse click.  Once subscribed, managers are automatically notified of any emerging risks to the current asset strategy and have real time visibility to risk, cost, and performance.  Most importantly, they have full context of current asset status and are enabled to take immediate action to mitigate any threats to business objectives.