What Does “SMART” Asset Management Mean in Manufacturing?
Mary Gorczynski 1100006B54 firstname.lastname@example.org | | Tags:  eam maximo asset-management ibmsoftware service-management smarter-planet ibmontwitter manufacturing tivoli
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This week's blog posting is from Eric Luyer, Market Manager for IBM Maximo Asset Management, Industrial Manufacturing.
This time I want to focus on the topic of how we can translate the IBM smarter planet messages to Asset Management and how smart asset management can be leveraged in manufacturing industries.
Building a smarter planet is a vision of how interconnected technologies are changing the way our world literally works and how we adjust to this changing world. If you look around, there are already so many different examples of interconnections, and the supporting assets are getting more and more instrumented and are more intelligent and thus are getting smarter.
Think about the notion that more than half of all sensors in transportation, facilities & production equipment are smart sensors or are smart in their use, e.g. robots, kiosks, meters, PDAs, appliances, cameras, smart phones, biometric devices or internet use.
Think also about new areas where smart assets are highly beneficial and provide instant value: security-safety, research, healthcare, traffic-control, transportation (airplanes, cars), defense, manufacturing, nuclear industry, defense, personal computers, etc. Every industry or market uses smart asset in some form.
Existing examples in the industry today include:
The list of applications where smart assets are involved is growing and growing every day. It’s all about monitoring, measuring and discovering information for better visibility, control and automation of information processes for better and quicker decision-making. But to manage and maintain all these different, complex and smart assets takes asset management to another level.
For manufacturing companies, “smart” today means a lot in terms of advanced data collection (instrumented) with sensors and actuators to get embedded analytics and quick response capabilities to achieve zero waste, incidents etc. RFID tags to locate position or location of the asset.
From an interconnected perspective, smart means integrated operations and execution based on dynamic planning, scheduling and reaction, using manufacturing dashboards to improve operational decisions.
And finally, intelligence is achieved by a full understanding of the facts, measurements, alerts and KPIs. Decision-making should be based on facts, ideally in real-time.
By acting “smart”, companies will move from an instinctive and intuition approach to a more fact-driven approach and from a corrective to a directive (preventive/predictive) approach. Real-time thinking instead of thinking in traditional years, months, weeks, moving to an “action support type process, from not just “efficient”, but to an optimized approach (in terms of data, information, decisions).
Smart manufacturers are using smart asset management capabilities to manage all their critical assets including their IT-embedded or software-embedded assets that provide so critical information in the decision-making process. You see this already today!
Managing all assets the “smart” way creates better visibility of key information, integrates all different types of assets into one asset management system, and consolidates different applications into one solution, including all IT assets and IT infrastructures.
Smart asset management is supporting—and managing the new changing smarter world in full and therefore really contributes to the transformation and implementation of this new smarter planet vision, supporting the way products go from being an idea to a reality to practical and smart use.
Click here for an IBM smarter planet overview.
Thanks for reading and hope you enjoyed it.
Look forward to my next blog on the topic of PAS 55, the newly adopted worldwide standard for Asset Management.
Eric Luyer, Market Manager Asset Management (Industrial/Manufacturing), IBM - Tivoli