Top Technology Trends for Better Asset Management in Process Industries

Author photo: Inderpreet Shoker
ByInderpreet Shoker
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ARC Report Abstract

Overview

In today's competitive industrial environment, asset-intensive organizations are constantly facing pressure to increase availability, throughput, and product quality.  At the same time, organizations also need to look for ways to reduce costs.  For asset-intensive industries, such asset management / Asset Monitoring at Braskem isassetm.PNGas oil & gas, chemicals, and power, assets represent an important investment component.  This makes improved asset management across the lifecycle and maintenance a key objective.

Routine maintenance and inspections are crucial for proper asset management.  Regular maintenance and inspection works also help ensure work-place safety.  Various new technologies can improve and simplify these routine tasks and thus improve asset integrity and reliability.  Remote monitoring, autonomous vehicles, and drones are some of the latest technologies used in the oil and gas and other process industries to improve asset management.

Remote Monitoring Saves Time with Asset Management

As end user organizations across all industries continue to face a shortfall of qualified personnel, advanced Industrial IoT solutions can help fill this skills gap.  Forward-looking suppliers are already investing to bring IIoT-enabled capabilities to their offerings, such as remote monitoring and re-mote services.  These capabilities can help establish a more collaborative relationship between end users and suppliers. 

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Keywords: Oil and Gas, Inspections, Maintenance, Asset Integrity Management, Drones, Remote Monitoring, Remote Operated Vehicles (ROV), ARC Advisory Group.

 

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