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Asset Performance

Strengthening investment and performance of assets

It can mean the difference between success or failure. That’s why understanding how your assets are performing and making continuous improvements to them are so important to your operation.

First of all, you need to know the baseline for acceptable performance. Whether your assets are underutilised, or overstretched. Knowing how different materials, products and processes impact asset performance, as well as the energy consumption characteristics. Which assets need further maintenance, and which ones need less upkeeping. These and other factors are dependent on understanding historical and real-time asset performance.

Iconsys can help maximise your asset performance by making critical performance data available, and by delivering the analytical capability to turn it into actionable information.

Areas to improve asset performance

Data
  • Are you capturing performance data?
  • Is the right data being captured at the right frequency and granularity to enable effective analytics?
  • Is it captured in a secure repository?
  • Is the right data available for your analytical people to use to improve your asset performance and business outcomes?

Performance Baselines
  • Have you established performance baselines for critical variables?
  • Do you measure those variables against the baselines?
  • Can you capture this data in time to make it impactful?
  • Ever considered using a metric like overall equipment effectiveness (OEE) to measure the efficiency of your operation and assets?
  • Are you using key performance indicator (KPI) dashboards to give visibility to how well or badly your assets are performing?

Maintenance
  • Do your maintenance requirements schedule you, or do you schedule them?
  • Are you spending too much or too little time and effort on asset maintenance?
  • Have you considered moving to a condition-based preventive maintenance operation?
  • Do you have the information to achieve predictive maintenance maturity?

Analytics
  • Do you have the data infrastructure in place to support analytical methods, such as root cause, pattern-recognition and other types?
  • Have you looked at the latest machine learning-enabled technologies?
  • Do you create more advanced performance baselines using metrics such as OEE?

Whatever industry you’re in, whatever technology you need, Iconsys has the solution.
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