IAPM for Asset Health Management: New Benchmarks for Resource Industries

Abstract

This paper examines how advanced asset health management is integral for organisations to operate safely, effectively and profitably. Asset health management is particularly important in the resources sector and in remote operating centres which rely on operators viewing and analysing masses of data through the use of visual tools and graphics. This paper explores the importance of intelligent asset performance management (iAPM), an automated system, integrating disparate data and deploying advanced monitoring and diagnosis algorithms to continuously evaluate asset performance (equipment, process, control and infrastructure) so that every aspect of an organisation’s asset condition is completely visible and available to all users online in near real time across the entire supply chain. iAPM allows asset degradation and equipment breakdown to be detected early, predicting and preventing sub-optimal operation before it impacts production and safety. Results are targeted at each stakeholder group (executive, analytical and operational) and integrated into daily operational workflow. Examples of successful implementations of iAPM systems will be provided from within mineral processing operations, utilities, resources and rail.