GE Digital Predix Asset Strategy Management Solutions

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GE Digital Predix Asset Strategy Management Solutions

Enhancing Asset Performance Management with A Risk-Based Approach

GE Digital Predix offers Asset Strategy Management solutions as part of its Asset Performance Management (APM) platform, aiming to assist users in managing and optimizing asset strategies at a system, fleet, and enterprise level. By providing a risk-based maintenance approach, APM Strategy enables users to prioritize asset strategy investments based on criticality, risk, and operational context. This prioritization helps in ensuring optimal asset performance, reducing costly unplanned failures, and enhancing overall safety within the plant environment. Additionally, APM Strategy supports the creation of a sustainable continuous improvement cycle to monitor and enhance asset strategies over time.

Key Work Processes and Outcomes

Within the APM Strategy solution, key work processes include assessing the criticality of assets, identifying risks, optimizing mitigation strategies for cost and risk, managing and implementing asset strategies, and driving continuous improvement through corrective actions. The outcome of implementing Asset Strategy Management includes a reduction in unplanned downtime, increased asset availability, early detection of problems to prevent costly reactive repairs, optimized spare parts inventory, improved workforce productivity, extended asset life, better Return on Assets (ROA), enhanced employee safety, and compliance with ISO 55000 standards.

Features and Benefits of APM Strategy

GE Digital Predix's APM Strategy incorporates various key features such as Reliability Centered Maintenance (RCM) for reducing system-level functional failures, Failure Modes And Effects Analysis (FMEA) for identifying critical failure modes at the equipment level, Asset Strategy Management (ASM) for qualitative risk analysis, Asset Strategy Optimization (ASO) for advanced quantitative strategy modeling, and Asset Strategy Implementation (ASI) for building and linking maintenance plans in SAP. The solution also offers Asset Strategy Accelerators, which include predefined templates for known failure modes and mitigating actions for specific asset types, streamlining strategy development and deployment, reducing resource requirements, and accelerating time to value.

Asset Strategy Accelerators and Expansion

The Asset Strategy Accelerators provided by GE Digital Predix contain over 860 maintenance templates catering to energy markets, enabling rapid deployment of best practices, leveraging embedded subject matter expertise, and standardizing strategies across the enterprise. These accelerators significantly reduce the time and effort required for strategy development and configuration, allowing organizations to realize operational benefits more efficiently. Furthermore, GE Vernova's continuous expansion of Asset Strategy Accelerators into sectors like Mining & Metals (M&M) showcases the adaptability and scalability of these solutions to various industries, demonstrating a commitment to enhancing asset performance management globally.

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GE Digital Predix Asset Performance Management - Enhancing Mechanical Integrity

Overview of APM Mechanical Integrity Solution

GE Digital Predix's Asset Performance Management (APM) offers a comprehensive solution for Mechanical Integrity, ensuring organizations can maintain the safety and compliance of their static equipment. With APM Mechanical Integrity, users can prioritize equipment based on risk assessment methodologies like RBI 580 and 581, automate inspection planning to detect compliance gaps, store thickness readings for corrosion analysis, establish IOW monitoring policies, and integrate mechanical integrity initiatives across the enterprise.

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GE Digital Predix: Innovating Asset Performance Management with AI and Predictive Analytics

Dive into Future-Ready APM Solutions

GE Digital Predix offers a cutting-edge Asset Performance Management (APM) software solution that sets the stage for the future of industrial asset optimization. In a recent on-demand webinar, GE Vernova showcased the trends and innovations driving the APM market forward. By watching the webinar, viewers gain valuable insights into GE Vernova's pioneering approach to APM innovation, highlighting the role of predictive analytics and artificial intelligence (AI) in elevating asset performance optimization to unprecedented levels.

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Empowering Asset-Intensive Organizations with GE Digital Predix APM Cloud & Edge Solutions

Transforming Asset Performance Management

GE Vernova's APM Cloud & Edge solutions revolutionize the way asset-intensive organizations manage their assets by providing a comprehensive platform that enables the ingestion, action, and visualization of asset data. Utilizing a microservice-based approach, GE Vernova's APM offers purpose-built applications that drive improved business outcomes.

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Empowering Asset Performance Management with GE Digital Predix

Digitizing Condition-Based Maintenance Programs

GE Digital Predix's APM Health, part of the Asset Performance Management (APM) suite, revolutionizes condition-based maintenance programs. By managing data from various assets and systems, APM Health creates a centralized data repository, ensuring users have accurate and timely information. Whether at the desk or in the field, APM Health instills confidence by minimizing risks and optimizing operations efficiently.

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