Articles tagged as asset management

Moving from Reactive to Predictive: How IoT-Enabled Maintenance Drives Efficiency and Cost Savings
· Predictive Maintenance

Moving from Reactive to Predictive: How IoT-Enabled Maintenance Drives Efficiency and Cost Savings

Organizations across manufacturing, facility management, and rental equipment often face operational bottlenecks from unplanned downtime. By integrating real-time IoT sensors and data-driven insights, businesses can reduce maintenance costs and mitigate critical failures before they escalate. Case studies show significant financial benefits, with manufacturers saving millions through early failure detection. This article explores how transitioning from […]

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The Transformational Role of IIoT in Asset Management
· Connected Industry

The Transformational Role of IIoT in Asset Management

The Industrial Internet of Things (IIoT) is at the forefront of the industrial revolution, reshaping various sectors, with asset management being a prime beneficiary. By seamlessly integrating intelligent devices, sensors, and cutting-edge analytics, IIoT is not merely addressing, but actively alleviating the perennial challenges that have historically hindered optimal asset management. Recent research from McKinsey […]

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A Plant Asset Management Strategy Must Reflect the Next Normal Situation
· Industrial IoT

A Plant Asset Management Strategy Must Reflect the Next Normal Situation

The COVID-19 outbreak has accelerated a digital transformation (DX) in the manufacturing industry, notably in the area of enterprise asset management. With the emergence of Industry 4.0, maintenance has stepped out of the shadows. Organizations are accessing the newest technology to go beyond a lean approach to manufacturing and adopt a total productive maintenance (TPM) […]

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5 Challenges of Remote Industrial Operations. Solved with IIoT
· Connected Industry

5 Challenges of Remote Industrial Operations. Solved with IIoT

High logistics costs, the lack of skilled labor, employee conflicts, and the complexity of the global supply chain – these and other factors encourage manufacturers to resort to distributed production. Outsourcing a part of the manufacturing operations or building a manufacturing facility closer to a regional sales market may seem a perfect way to lower […]

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Are Your Current Maintenance Practices Draining Profits?
· Uncategorized

Are Your Current Maintenance Practices Draining Profits?

How Maintenance Excellence can reduce downtime, overall maintenance costs and worker stress while boosting plant efficiency In recent blog posts I’ve explored how Asset Performance can affect your plant’s economic return. With Asset Reliability as the first step in your action plan, the next thing to consider is Maintenance Excellence. To help explain the concept […]

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4 Things Asset Tracking Won’t Do (and a few it will)
· Connected Industry

4 Things Asset Tracking Won’t Do (and a few it will)

Asset tracking is a big topic, with more than a little relevance to the Industrial Internet of Things. Although it can do quite a bit for your business, it won’t solve every problem. Also, even the best implementation of the best system might need some clever integration to reach its highest value, and even that […]

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Decreasing Industrial Inefficiencies through Asset Management and IoT
· Connected Industry

Decreasing Industrial Inefficiencies through Asset Management and IoT

Most people don’t associate the IoT (Internet of Things) with earth movers, dump trucks and other heavy industrial equipment. But for construction, oil and gas, waste management and other industrial businesses, IoT has become an increasingly important tool for reducing inefficiencies that have plagued these industries for decades. Specifically, IoT is transforming the way these […]

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