Asset maintenance is the act of maximizing the life of an asset through the application of various software applications that are capable of monitoring an asset’s performance and determining when and what action should be taken to keep the asset at its optimum operating condition and minimize the probability of an unplanned failure and lost productivity. This involves such things as preventive and predictive maintenance. This approach is in contrast to reactive maintenance that relies on repairing an asset only when it fails.
asset performance management (APM) involves using such things as condition monitoring, predictive maintenance, and reliability-centered maintenance to improve the availability and reliability of physical assets, such as equipment, plants, and infrastructure. A robust APM strategy is designed to minimize business risk and maintenance costs by eliminating unplanned asset downtime. APM involves a connected and integrated enterprise-wide solution that includes tools and applications to help asset-intensive businesses achieve optimal performance at a sustainable cost.
asset tracking is the act of compiling information about an organization’s physical assets, such as location, status, condition, who is using what, when, and where, calibration and maintenance schedules, and requirements for new or upgraded equipment. Physical assets can include heavy machinery and equipment, vehicles, tools, and IT devices, among other things. The goal of asset tracking is to improve business efficiencies and save time and money. Assets are tracked using asset-tracking software or by a mobile app with scannable asset tags.
augmented reality (AR) is the superimposition of digital data, usually an image, onto real-world objects to enhance the user’s understanding of the real-world environment. Augmented reality applications enable engineers to tie contextual digital information within the AR program to an AR marker in the real world. When an AR web browser plug-in or computer application receives digital data from a known AR marker, it executes the marker’s code and layers the contextual information. Engineers can use AR in many ways, such as a 3-D visualization of a facility installation design onto a project site.
AVEVA is a provider of industrial and engineering software that is driving digital transformation in capital-intensive industries. AVEVA software solutions include engineering, asset performance, planning and operations, and control and monitoring. AVEVA provides software applications for engineering design, process simulation, CAD/CAM, operator-training simulation, advanced process control, augmented reality, information management, supply chain management, pipeline leak detection, Manufacturing Execution System, Enterprise Asset Management, an enterprise historian, and predictive analytics.