How the IIoT is Delivering on the Promise of Asset Performance Management Part 1

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If you had researched the Industrial Internet of Things online in the mid-1990s, there might have been a handful of results. But if you searched on terms like asset performance management, predictive maintenance, and computerized maintenance management, you would have found thousands of entries. While such maintenance automation is finally gaining a foothold in industry, realizing its full potential has been hampered by limited access to the contextual data related to things like system wear and performance degradation. As more industrial devices gain intelligence and Internet connectivity, however, their data histories are increasingly exposed, offering advanced maintenance applications a richer supply of data for analysis. And all indications are that the number of digitally-enabled industrial devices is growing dramatically.

CISCO[1] projects that more than 50 billion things will be connected to the internet by 2020, resulting in more traffic, more data, more storage, and more energy consumption. Looking at this from and industrial perspective, IHS reports that only 9.1% of the more than 23.8 billion process and discrete automation elements are currently networked, but the compound annual growth rate of such deployments will increase to 24.1% in 2019.[2]

As an example of how increasing digitization might improve plant operations, consider the example of improved communications between drives and pumps. Pumps are typically ‘dumb’ assets. They turn based on the amount of electricity supplied to them. But if you can embed the pump operating curve into a drive, when it sends electricity down into the pump, it knows how fast the pump should be turning and if it doesn’t fit the profile it can contact someone to find out why. Increasing digitization of this sort will impact maintenance at all levels. As defined by ARC Advisory group, these include reactive, preventive, predictive, and prescriptive maintenance practices.[3]

As ARC estimates, unscheduled downtime can approach zero when prescriptive strategies are applied. Predictive strategies can deliver twice the cost benefits of preventive strategies, and, in comparison to preventive strategies, reactive maintenance could increase lifecycle maintenance costs by a factor of 10 when a failure occurs. ARC sees IIoT offering new opportunities for asset performance improvement by combining the growing wealth of data with advance analytics.

Approach Method Application Cost/Benefit
Reactive Run to failure, and then repair Failure is unlikely, easily fixed and/or non-critical 10X plus when failure occurs
Preventive Service in a fixed time or cycle interval Probability of failure increases with asset use 2X maintenance costs
Predictive Monitor a single process data value for bad trends and alert prior to failure Assets with random or unpredictable failure pattern 1X maintenance costs
Prescriptive Multiple variables with engineered algorithms and/or machine learning Longer range prediction of failure with high confidence Unscheduled downtime approaches zero

Want to find out more about how the IIoT can drive Profitable Reliability and turn your plant’s control system into a Profit Engine for your business?

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This article was originally published here in the online edition of Electrical Industry Canada:





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