Asset Health Webinar

A new way of maintaining equipment. Gain new insights into asset health using Maximo, Prescriptive Maintenance, and Watson IoT Platform.

Asset Health with Prescriptive Maintenance

If you can understand what your assets are saying, you can operate at peak performance while reducing downtime, increasing efficiency and improving profitability.

Watch this on-demand IBM webinar with Greg Milwed, Senior Offering Manager at IBM, to learn about a new way of maintaining equipment — one based not only on current condition-based readings coming from the equipment, but also informed by other influences like age, maintenance history, weather incidents and historical context of subcomponents.

Learn how solutions like Maximo, Prescriptive Maintenance, and Watson IoT Platform help organisations realise impressive outcomes such as reducing maintenance cost by up to 25% and eliminating up to 70% of breakdowns.

ROY RECOMENDS:

My top Maximo, Prescriptive Maintenance, and Watson IoT Platform Resources

Hi everyone, Roy Lorenzen here, Solutions Manager at Certus. Novel AI and IoT solutions like IBM's Maximo, Prescriptive Maintenance and Watson IoT Platform, offer asset-intensive organisations new opportunities to gain a competitive edge and optimise maintenance KPIs. To help you learn more about the solutions and the opportunities they present, I have put together a list of resources for you.

I hope you found these resources valuable in learning more about IBM's IoT and AI solutions for asset health. Please don’t hesitate to reach out if you have any further questions.

Roy's top Maximo Resources

6. USE CASE

Listen to your machines to optimise asset health

1. CUSTOMER STORY

Woodside Energy: Using IBM Watson technology to extract decades of experience from an ocean of data.

2. BLOG POST

How utilities can effectively implement IoT.

3. GUIDE

Four steps to get the most value from your IoT data.

4. CUSTOMER STORY

Using EAM and advanced analytics to create a smarter energy grid.

5. INSIGHTS

A true view of asset health, powered by cognitive analytics and IoT data.

Improve Maintenance KPIs

Many asset-intensive organisations across Australasia, as well as globally, struggle with inefficient maintenance processes and activities. Research shows:

40% of preventive maintenance costs are spent on assets with negligible effect on uptime^*
30% of preventive maintenance activities are carried out too frequently^**
45% of all maintenance efforts are ineffective^**

To stay competitive, organisation are increasingly looking for ways to overcome these challenges and reduce maintenance costs and improve maintenance KPIs and efficiency. Novel AI and IoT solutions are helping these leading companies do so. Advanced analytics, cloud computing, pervasive connectivity, product lifecycle management and embedded sensors enable these organisation to improve operations and lower cost, create new products and business modules and drive engagement and customer experience

* T.A. Cook, Maintenance Efficiency Report (2013). Link here ** Oniqua Enterprise Analytics, Reducing the Cost of Preventive Maintenance Link here

Benefits of Condition Based Maintenance

IBM's IoT and AI solutions enable businesses to move from time-based maintenance to condition-based maintenance, which has been shown to have a significant positive impact on crucial maintenance KPIs. Reports from McKinsey and Accenture argue that condition-based maintenance can help asset-intensive organisations

Reduce maintenance cost by up to 25%
Cut unplanned outages by up to 50%
Reduce downtime by up to 50%
Eliminate up to 70% of breakdowns
Reduce scheduled repairs by up to 12%
Reduce capital investment by 3-5%

Chances are, some of your competitors are starting to realise the benefits that AI and IoT offer. Make sure you don’t get left behind.

Watch the Webinar

Watch the full webinar recording to learn more about how IBM’s Maximo, Prescriptive Maintenance, and Watson IoT Platform enable organisations to realise these impressive outcomes.