Asset Integrity Management Technology That Solves Real Business Problems

Posted on Mar 01, 2024 | by Metegrity Inc. | Category: Asset Integrity Management, Visions Enterprise, Data Management, Risk models, Risk based Inspection, Regulatory Compliance, Inspection Data Management Solutions

In asset integrity, effective data management is crucial to enable data correlation, the application of risk models and risk-based inspection scheduling. The Oil & Gas, Chemical, Pipeline and other industry sectors with asset numbers in the thousands struggle with handling vast amount of unrelatable (siloed) data.

Owners and operators in these fields frequently ask two key questions crucial for project expediency and maximizing ROI. “What do I own?” and “Where are the assets?”

A simple question such as "How many dead legs or injection points exist and are they being monitored?" can take weeks to derive with the information resident in binders, filing cabinets, spreadsheets, PDF documents and consultant reports.

Complicating matters further are the frequent mergers, acquisitions, and joint ventures in the industry. Assets change owner’s frequently, but the critical information surrounding them is seldom easily transferrable from owner to owner.

There is a significant need to consolidate this data into a single, accessible database under the owner/operator's control. Managing everything in a central system is essential for improving operating efficiency, making timely and cost-effective decisions, and meeting regulatory requirements. In the case of "How many dead legs or injection points exist and are they being monitored?", the reliable answer should be expected in few seconds.

How Visions Enterprise® Solves These Challenges

Visions Enterprise® allows all teams to access asset information tailored to their roles. It delivers comprehensive asset intelligence at configurable levels, supporting equipment life extension and risk mitigation. The software provides easy access to relevant asset information and facilitates tasks like risk-based inspections, risk modeling, work memos, and inspection reports. With a full audit trail, it quickly generates regulatory audit reports.

Visions Enterprise® helps optimize day-to-day operations, reduce shutdowns, minimize costs while maximizing profit, extend equipment life, and ensure safety for people and the environment. The connector module ensures seamless integration with systems like SAP, MAXIMO, JD Edwards, EAM and others. It complements these systems by handling technical asset aspects, allowing ERPs to manage financial aspects and CMMS to handle maintenance.

With complementary consulting from Visions Enterprise® experts, the software can be configured to fit each company’s unique business practices. Personalized customer-centric service is provided during deployment and beyond to maximize the software’s financial savings and benefits. Owners can confidently rely on Visions Enterprise equipment registry and the inherent data governance, eliminating stressful questions such as ‘What assets do I own and what is the condition of those assets?’