Asset Performance Management 4.0 Internet of Things iot Enabled Condition Monitoring, a Story from a Digital Maintenance Service Provider

Authors
Johan Ferket (Stork, a Fluor company)
DOI
https://doi.org/10.2118/192636-MS
Document ID
SPE-192636-MS
Publisher
Society of Petroleum Engineers
Source
Abu Dhabi International Petroleum Exhibition & Conference, 12-15 November, Abu Dhabi, UAE
Publication Date
2018
Document Type
Conference Paper
Language
English
ISBN
978-1-61399-632-4
Copyright
2018. Society of Petroleum Engineers
Keywords
Maturity growth, Predictive maintenance, Asset Performance management, Performance Maintenance, Internet of Things
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112 since 2007
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SPE Non-Member Price: USD 28.00
Abstract

Asset-intensive companies face tighter maintenance budgets, stricter regulations and increased pressure to improve asset performance, whilst confronted with aging assets and workforce. Managing an asset with these challenges requires informed decision-making based on insight, knowledge and forecasting. Data is a powerful tool to achieve this goal.

‘Internet of things’ innovations have led to a rapid increase in the availability of technical and business data. A few years ago, techniques that were complex and expensive are now more affordable, accessible and increasingly important in order to compete in this world of rapid change.

Field data is faster and immediately available for processing, while more relevant measurements and observations of similar or better quality are leading to more reliable information for decision-making.

File Size  1 MBNumber of Pages   11

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