ASSET HEALTH

As the Physical Asset Management industry evolves, a new paradigm is emerging that focuses on asset health to optimise the performance and resilience of physical assets. Just as people strive to maintain their physical and mental health, organisations must proactively monitor and manage the ‘health’ of their critical physical assets.

Reactive and planned maintenance is no longer sufficient. The future is about predictive and proactive monitoring, assessing and optimising the health of critical assets.

What is driving this change? Developments in several key areas such as:

• Condition Monitoring & Advanced NDT Inspection technologies

Sensors, IoT devices, advanced analytics and sophisticated NDT equipment provide real-time visibility into the health and performance of the asset, enabling early detection of problems.α.

• Predictive Maintenance και Preventive Maintenance capabilities

Organisations can predict equipment failures and proactively intervene by analysing asset health data, saving costs and preventing unplanned outages.

• Integrated Digital Asset Management platforms

Consolidating received data, maintenance workflows and performance analysis into a single environment enables faster and more informed decisions.

By embracing this new paradigm, organisations can unlock significant benefits, from reducing maintenance costs to improving operational efficiency.

How healthy is your asset? How can you ensure the health of your assets?