Lumada APM Demo

Ready to see Lumada APM in action?

Asset intensive industries face unprecedented challenges. In addition to supply chain shortages and bottlenecks, you also have aggressive sustainability targets and need to manage your resources and budgets. Asset performance management (APM) software empowers business leaders to ensure smarter, safer and more reliable operations. The decision is yours. Are you ready to get digital?

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Health

Dedicated dashboards show the health and prognostics of each individual asset class via a probability of failure (PoF) risk matrix. Through automated fault analysis, you can consult individualized health scores and indices. Our pre-configured library of over 175 physics-based, ML/AI (machine learning / artificial intelligence) and statistics models deliver unparalleled insights about your most complex assets. By gaining actionable insights and prescriptive recommendations, your operators are equipped with the information to prevent critical asset failures or those that could prematurely reduce design life.

With our advanced prognostics capabilities, you can see a multi-year risk forecast and explicit remaining time for when assets will reach critical conditions.

Reliability

This intuitive, no-code solution enables you to simulate end-to-end asset scenarios to combine PoF and impact on the surrounding system. The impact, or importance, of a failure can include financial costs, environmental, system reliability, and safety factors. By combining PoF and impact, the module empowers reliability engineers to evaluate system risk. Through FMECA (Failure Mode, Effects, and Criticality Analysis), structured analytical methodologies help to identify and prioritize the potential failure of a system, product, or process.

By aggregating system insights, you can identify vulnerable points along your network and assign the necessary resources towards maintenance efforts at those critical junctures.

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Optimization

Strike the right balance of asset performance, system risk, and costs to achieve business outcomes. Every business has a series of constraints such as budget, personnel, and timeline.

Our solution has a pre-built simulation feature that allows your team to conduct what-if scenario analyses based on these resources. Take advantage of a suite of decision factors, which includes building a fleet maintenance strategy, planning investment costs and resources, modelling business scenarios, and prioritizing your portfolio based on investment resource constraints.

By optimizing overall lifecycle costs, environmental considerations, and stakeholder expectations, you can sup-port financially sound asset investment decisions for your organization.

Frequently asked questions

Lumada APM software helps you evolve your maintenance strategy by prioritizing and optimizing your asset interventions. For example, many companies still use time-based maintenance however this approach fails to consider the variety and complexity of assets in your network. We help you visualize asset condition and determine its impact on the system to prioritize what maintenance is needed. For instance, a defect on a non-critical part of the system should not be given equal importance to a defect at a critical juncture. This approach also enables you to extend asset lifespan, preserving capex investments. Plus, by planning and managing inventory using vendor-significant insights into asset characteristics, it’s possible to purchase spares at the optimal time to improve supply chain logistics and reduce surplus asset inventory.

An APM strategy that draws on collaborative asset intelligence helps your organization reduce both the risk of asset failure and its impact on the system. It allows you to be more intentional in scheduling maintenance downtime by analyzing several hypothetical what-if scenarios to determine the best time to pause operations. The better informed the decision, the greater the likelihood that you can control costs. Lumada APM makes this possible by automating the expertise of your asset subject matter experts (SMEs) and retaining that tribal knowledge within a system versus losing that proficiency with looming retirement and workforce turnover.

An APM strategy that draws on collaborative asset intelligence reduces both the risk of asset failure and its impact on the system. It enables you to be more intentional in scheduling maintenance downtime by analyzing several hypothetical what-if scenarios to determine the best time to pause operations. The better informed the decision, the greater the likelihood that you can control costs. Lumada APM makes this possible by automating the expertise of your asset subject matter experts and retaining that tribal knowledge within a system versus losing that proficiency with looming retirement and workforce turnover.

Yes. Many companies believe that asset renewal is based on asset lifespan and a linear degradation. In reality, assets can fail for a multitude of reasons and asset degradation is far more complex than meets the eye. For instance, asset failure can occur based on its purpose and the process it will perform. Asset fatigue and interaction with other assets and the surrounding environment can cause an asset to fail prematurely. Using Lumada APM, it is possible to improve the capital justification process in a couple of ways: You might replace an asset that is not fully depreciated due to its condition and risk of failure, whereas you could retain a fully amortized asset in good condition that does not warrant replacement.

Greater insight into overall asset performance and health supports improved reliability. When you have a holistic view of your assets and how they interact with their surrounding environment, you gain a better understanding of impacts and trade-offs through modeling different possible scenarios. Reliability is improved by identifying and prioritizing underperforming assets and issues that may affect the availability of assets thereby reducing the risk of downtime and ensuring assets are operational when you need them. Moreover, by identifying and addressing potential safety issues caused by assets on your system, your organization can reduce the risk of accidents and injuries.

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DATA IS POWER

Ready to get digital?

Hitachi Energy is proud to have a 100+ year legacy working with asset-intensive industries. We know your business and have built the models you need to manage your assets and systems. It turns out, we’re also experts in digital. By harnessing the data you already have, we can help you make timely, data-driven decisions about your assets to help you optimize availability and reliability.

Let’s get to work!

Ready to see Lumada APM in action?

Health

Reliability

Optimization

Frequently asked questions

How can APM prevent a catastrophic event?

How does APM reduce costs?

How can APM improve decision-making?

Can APM extend asset life?

In what ways does APM increase reliability?

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