With M2M wireless data radios, industries are replacing traditional SCADA and electronic meters with condition based monitoring systems that are able to track data and flow, cause triggers based on data and algorithms, and protect industrial asset management for machinery.
Advanced Algorithms in Industrial Asset Management Monitoring
The trick of course is developing algorithms that are very specific within the enterprise applications software. For instance, when it comes to water plants and wastewater management, the plant will use smart meters and software applications that monitor the treatment and sewage systems in valve controls for flow, master meter controls, and chemical injections. But sustainability is also an issue as one needs to monitor those industrial assets for rotation, wear and tear, and maintenance. This is where the importance of asset management in industrial environments is so important.
Whether you are an electric utility, mining company, automotive manufacturer, semiconductor manufacturer, chemical plant, or manufacturer or end user of large industrial machinery including motors, rotors, turbines, compressors, pumps, processors, filters, or any number of industrial machines, the lack of proper asset monitoring and asset management protection can be very costly.
Industrial machinery can have all sorts of issues to track including environmental, health and safety regulations, vibration, corrosion, strength, displacement, and process interruptions.
As our society moves toward less workers and more automation, a cost effective means of combining monitoring, triggering, maintenance, and detection of potential faults and failures is by developing enterprise level asset management software applications.
The machine to machine networks in asset management also need to have M2M2P applications so that decision makers can not only know about changes and causes but render immediate solutions no matter where the decision maker is physically located. These M2M wireless data radios also need to be secure on their own private spectrum with a secure network and not tied into the public networks. With the growing computer and mobile network hackers and terrorism threats, every industrial manufacturer needs to be concerned about asset monitoring and asset management.
Intelligent Condition Monitoring in Enterprise Asset Management
Intelligent condition monitoring must be in real-time which requires algorithms that analyze data and trigger actions as well as provide early warning of impending or potential problems and hazards. These systems also aid in scheduling of employees and management reporting/decision making to lower cost in asset management and business operations.
With smart power distribution and power management, utility companies, cold storage and food processing facilities, and smart energy vendors are able to conduct field trials for embedded and standalone enterprise asset management software applications.
Field trails are necessary to develop and make changes to the algorithms in condition monitoring, scheduling, and industrial machinery asset management protection.
The use of smart meters, smart power, and enterprise asset management applications carried over secure M2M wireless networks are used in a variety of industrial settings including:
- Agriculture – moisture and temperature sensors, pump power usage
- Energy & Utilities – asset management, condition monitoring DMS, SSA, SCADA, EMS, AMR, AMI
- Environmental – monitoring volcanic, seismic, hazardous materials, fugitive emissions
- Smart Home – smart meter, smart HAN, Mobile device M2M2P apps
- Oil & Gas –asset management and monitoring temp, pump and flow lines, tank levels, ESD, cathodic protection
- Industrial – asset management and monitoring vibration, stress, cycling, performance
- Solar & Wind –condition monitoring, alarms, productivity
Maintenance now means that entire production lines can avoid shutdowns with early warning self-assessment. And condition monitoring and data triggers protect the components in industrial machinery asset management so that they produce better and have a longer life span, cutting down the expenditure of unnecessary capital investments.
Future Trends in Asset Management Protection
The aerospace and defense industry has long used M2M based asset management monitoring applications. The new applications the 21st century industries need are secure networks, the ability to track data and monitor, cause triggers/actions, make predictive analysis and decisions, and be tied directly into overall business operations IT. Based on traditional data, a company already knows which critical systems and components need to be part of asset management condition monitoring.
Power distribution and power management systems in smart grids require a load of new smart meters, sensors, and devices. These complexities and new regulations means that the old way of asset management will not work as reliability and performance of the assets become the most important factors in capital expenditures.
In many ways, asset management condition monitoring and asset protection are like what NextGen Global Executive Search has done in retained search. And that is the enterprise application must be performance based to determine the health and performance of specific assets as a function of system condition monitoring for asset management systems.
