Predictive maintenance in asset management

Asset maintenance is necessary for all asset owners to keep the operations going and lengthen the asset’s life cycle. Naturally, there are costs to doing it, but there are ways to minimise the costs and increase Return on Assets (ROA).

It is important to base the maintenance decisions on facts and gather data that is easy to use for planning and executing maintenance effectively. This can improve the competitiveness of your business in different ways.

Preventive vs. reactive maintenance

One way of executing asset maintenance is reactive. You see a sudden failure – a collapse on the quay or broken piles underwater, which must be fixed soon. To do this, you may have to shut down the area and arrange the repair, which creates extra repair costs due to the waiting time.

Next year, learning from this unfortunate occasion, you plan to do the maintenance work in certain cycles, say, once a year.

That is preventive maintenance making sure that every asset is in shape and perhaps even overdoing it due to not having exact information about the actual state of the asset.

Make 3D asset data your advisor

What if you could rely on your maintenance decisions on pure facts? When you use a digital twin of your asset, enriched with documents, notes, and remarks, you could get cost savings from avoiding shutdowns or excess maintenance operations.

You get a good knowledge of the needed frequency of maintenance by monitoring the changes and comparing different datasets.

In addition, you can schedule the maintenance works so that there is minimum disturbance to business.

Predictive maintenance is also beneficial from the Health, Safety, and Environment (HSE) point-of-view, as you are optimising asset maintenance, need fewer materials, and less risky operations while lengthening the asset life-cycle.

Benefits of predictive maintenance

  • Increased efficiency
  • Less shutdowns
  • Improved reliability
  • Positive effects on reputation

Efficient maintenance management gives you more benefits than only improved ROA.

Less shutdowns and provably good condition of the assets emphasise your reliability to clients, investors, and other stakeholders.

Clear management and easily available essential information are important to your maintenance personnel, helping them save time in their daily work and concentrate on the most relevant asset maintenance issues. Additionally, using state-of-art technology strengthens your reputation as an industry forerunner.

An online 3D platform for digital asset maintenance management

There are different types of platforms and software that offer tools for asset maintenance management. GISGRO is a platform designed for digital 3D asset management online.

It allows you to build a digital twin of your asset and easily visualise, share, and utilise asset 3D data to improve predictive maintenance operations anywhere and anytime.

This means all parties involved with the asset – such as surveyors, asset managers, maintenance, designers, and engineers – can work and communicate on the same platform.

In addition, all asset-related data is stored in one place accessible at all times.

To learn more, watch the video below, read about GISGRO in asset management, book a free 20-minute online live demo with our specialist, or get a free GISGRO demo account .

 


 

Want to know more about GISGRO?

Book an online demo meeting with our expert to discuss more GISGRO benefits for your port.

Ville Mäkeläinen GISGRO

Ville Mäkeläinen
CDBO
+358 44 513 2222
ville@gisgro.com

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