Leveraging Key Performance Indicators (KPI) for Advanced Analytics with Asset Integrity Management (AIM)
One area of increasing interest in the world of asset integrity management (AIM) for plants and facilities is that of Key Performance Indicators (KPI). Leveraged properly, KPIs can be the catalyst for future advanced analytics of your equipment data. They provide a rare window of insight into the efficacy of various elements of your inspection data management (IDMS), equipping you with the tools you need to hone and target your strategies for better asset performance, reduced inspection costs, and superior mechanical integrity.
Lower Costs, Enhance Security with Cloud-Based Asset Integrity Management (AIM)
By now, the benefits of cloud computing for asset integrity management (AIM) are well known. The ability to store all asset data securely in the cloud – thereby outsourcing the complex and expensive IT support and maintenance involved in hosting it in-house – can be leveraged for tangible and immediate cost savings. However, when it comes to selecting the right software for cloud-based inspection data management, things are not quite as cut and dry.
How to Leverage Integrity Operating Windows for Improved Corrosion Control
An API Recommended Practice (API RP 584), Integrity Operating Windows (IOW) are an essential component of any asset integrity management (AIM) system. IOWs improve predictive accuracy. They facilitate the collection, retention, and analysis of variable data – providing early warnings when a pre-defined process variable’s boundaries are exceeded. This helps to predict and prevent corrosion, increase productivity by allowing for predictive maintenance, and reduce the likelihood of asset failure.
Top 7 Signs it’s Time to Change Your Asset Integrity Management (AIM) Software
Technology in the asset integrity management (AIM) sector is now more advanced than ever. Risk-based inspection planning, seamless connectivity between software platforms, real-time monitoring and alerts of asset performance conditions, and the ability to synchronize inspection work from the field form a small sampling of the technology available to operators of plants, pipelines and facilities today.
Asset Integrity Management (AIM) vs. ERP/CMMS Software
For owner operators of asset intensive corporations, a primary challenge is often that of budget allocation. Specifically: How can I garner the most profitability from my assets within the confines of the budget resources available to me?