Data integrity in industrial asset management must be present at all stages of production. It allows for more assertive decision-making and gives planners & schedulers the ability to anticipate when preventive maintenance on essential equipment should be done.
Improving data integrity through new asset monitoring and management technology will improve production – and make processes more secure & optimized overall. An asset management system integrated throughout a plant’s workflow is >one of the safest and most efficient solutions to maintain data integrity.
Due to the ability of these systems to guarantee the technical integrity of operations, employee safety, and the reliability of facilities and equipment, the benefits they offer are innumerable.
An organization’s assets can be divided into two categories:
- Material Assets: machinery, equipment, infrastructure, furniture, vehicles
- Intangible Assets: patents, licenses, intellectual property, usage rights
These assets are essential to the existence of a company therefore, they are also essential for its growth. The management of such assets is crucial to maintaining the efficiency of activities and represents a critical factor in expanding the business.
Data Integrity for Asset Management
Preserving data integrity means keeping information:
- Accurate
- Viewable
- Updated
These goals can be met using software that collects and updates data in real-time, which makes it possible to> interpret data quickly and lets managers know what the maintenance team is doing.
This data can sometimes be created by the machines themselves through Artificial Intelligence. The devices send alerts that allow operators to make key decisions quickly, if necessary, with greater technical support.
Data integrity cuts to the core of asset management. The greater the amount of information collected about machine performance and activities, the more useful the data will ultimately be.
Some benefits of data integrity:
- More secure operations
- Decreased errors
- Reduced costs
- Improved ROI
- Minimized risks
Successful asset management allows for necessary maintenance and avoids needless delays and expenses. In addition, predicting necessary repairs avoids production interruptions and errors, helping the entire company to save money and work efficiently.
Protecting Assets Through Technology
The use of industry technologies is increasing, whether to assist in production, maintenance, or even management activities. And it’s easy to understand why. New technology promotes:
- Standardization of processes
- Data accuracy & access
- Improvement in MTTR and MTBF
- More thorough inspections
- Faster response to notifications
- Higher team productivity
- Efficient delivery of parts and materials
The era of digital transformation is a reality for many companies. The adoption of automated processes, robotics, IoT, Artificial Intelligence, and 5G has boosted data integrity and overall performance.
Machines and integrated equipment can now exchange information with each other without the need for paper records or manual work.
In fact, processes that still use manual tasks – using paper for work orders & notifications for example – are at much higher risks of inaccurate data and preventable delays.>
Mobile Asset Management
Technology, in general, brings huge benefits, but digital mobile maintenance systems have been an incredible boon to many asset-intensive businesses recently. In addition to allowing maintenance teams to view, update, and dispatch info from anywhere, using ubiquitous devices like smartphones and tablets makes the entire process extremely intuitive.
With a mobile solution, technicians can spend more time in the field doing needed work while managers develop better high-level maintenance plans.
Mobile solutions can provide data in real-time, avoiding errors and offering more security.
ROI
With so many benefits brought to data integrity and asset management by technology, there certainly is a Return on Investment. These are the two types of ROI derived from the benefits we’ve discussed:
Immediate: Optimization of Labor
The use of mobility solutions >starts to show immediate results. In general, these ROI benefits are associated with labor:
- 90% reduction in order dispatch time
- Elimination of movement and printing time
- 70% reduction in field notes
- Standardized catalogs and lists
- Online/offline data access
- 100% reduction in printing costs.
Medium-Term: Process Improvements
Medium-term results start to show when the use of the mobile asset management solution is at a more mature stage and completely integrated into the company’s maintenance workflow.
Some examples:
- Accurate and standardized information received from the field team
- Accurate machine time calculations
- Backlog order reduction
- Greater resource availability & predictability
- Reduced machine and production downtime
Through boosting data integrity and other crucial plant maintenance foundations, Sigga Mobile EAM enables better decision-making and allows for greater control of expenses, security, and compliance.
We cover the entire production chain, including maintenance, equipment monitoring, and technician management. All of this has major positive impacts on data integrity, equipment performance, and industrial infrastructure.