Asset Strategy
Reliability Reimagined with Asset Strategy Management
The way you maintain your assets is one of the single most important indicators of how that asset will perform. Companies invest in resources, processes and systems to deliver reliability-driven asset performance and to manage risks, but often performance is still lacking, hampered by high costs and unplanned downtime which leads to a never-ending cycle of reactive maintenance. Asset Strategy Management (ASM) is a fundamental pillar of asset management, enabled by people, technology and data, that delivers consistent, justified, effective asset maintenance strategies to your entire asset base, ongoing.
- Jason Ballentine
- ARMS Reliability
C&W Services Drives Asset Reliability-Based Culture Change at Pharmaceutical Client
C&W Services implemented Petasense’s Asset Reliability & Optimization system as a key piece of changing the reliability culture at a major pharmaceutical company. The results were dramatic, with 31 failures avoided in the first few months and zero unplanned downtime during the first half of 2019...
- Ken Madsen
- Petasense
Asset Management in Public and Private Sectors
Most of my firm’s clients are in the private sector but occasionally we do some public sector work. We usually notice a number of distinct differences in practices and in what motivates those practices...
- James Reyes-Picknell
- Conscious Asset
Safety & Reliability – Two Sides of the Same Coin
Digitalization is everywhere today. Companies are coming out with offers ranging from point solutions to platforms. They take the form of sensors, software, wearables, robots, and mobile phone applications..
- Ken Madsen
- Petasense
Entropy Part 2 – Economics
Accountants will like the emphasis on profits but they cannot lose sight of the need to invest. Excessive focus on costs reduces the energy put into the system and allows its entropy (chaos) to increase. Failing to invest enough destabilizes...
- James Reyes-Picknell
- Conscious Asset
Achieving Highly Reliable Operations
Many companies want highly reliable operations, so there is demand. They also fail to achieve it and many of those won't really know why. In many cases, the challenge to achieve it has been delegated to maintenance managers who, on their own, are not empowered enough to do so..
- James Reyes-Picknell
- Conscious Asset
C&W Services Drives Asset Reliability-Based Culture Change at Pharmaceutical Client
C&W Services implemented Petasense’s Asset Reliability & Optimization system as a key piece of changing the reliability culture at a major pharmaceutical company. The results were dramatic, with 31 failures avoided in the first few months and zero unplanned downtime during the first half of 2019...
- Ken Madsen
- Petasense
Entropy Part 1 – Fundamentals
Engineers are familiar with the concept of “entropy” and the laws of thermodynamics. The second law of thermodynamics states that the total entropy of an isolated system always increases over time. So what does that mean for us in the world of asset management and maintenance...
- James Reyes-Picknell
- Conscious Asset
7 Steps to Kickstarting lloT-Based Asset Reliability
At Petasense, we talk to a lot of companies that are interested in IIoT or wireless Predictive Maintenance (PdM), but aren’t sure where to start. The range of options available and perceived complexity can be daunting. Asset reliability is a journey, and wireless technologies can enable it...
- Ken Madsen
- Petasense