Four reasons to utilize the Itus Asset Twin Library
4 reasons to utilize the Itus Asset Twin Library
Itus digital recently announced the availability of the Itus Asset Twin Library and Marketplace to help industrial organizations drive standardization and best practice approaches to improve equipment availability and optimize operational costs. If you are looking to improve the performance of your assets or drive best practice maintenance plans, you should talk to us about optimization of your asset strategies via our predefined Asset Twin Models:
- Fast track RCM, FMEA and PM Optimization Efforts. Organic strategy development programs utilizing RCM or FMEA methods can require valuable time and resources to complete. If you are looking to establish your initial preventative maintenance (PM) program or even optimize existing plans, pre-defined Asset Twin provide a great starting point, fast track these efforts, and ensure you are driving maintenance based upon dominant failure modes for a given asset type.
- Operationalize your asset strategies. Most predefined asset strategy templates focus their definitions on failure modes and mitigation activities such as PM’s, Inspections and Overhauls. While these are foundational components for any asset strategy, imagine if you had templates which also directed what conditions to monitor, how to analytically evaluate those conditions and what prescriptive actions to drive when failure mode risk has been identified? The Itus Asset Twin Library offers complete Asset Twin definitions to not only define your maintenance plan but to fully operationalize your asset strategies with conditions, analytics, and prescriptive actions.
- Collaborate and continually improve. Optimized asset strategies are rarely static or finished once initially defined. Learnings from actual operating experience, input from equipment experts and even revised OEM recommendations should be continually assessed to optimize the strategy. The Itus Asset Twin Marketplace offers the ability to drive secure collaboration between your experts and suppliers which can not only standardize asset strategies across your organization but also allow you to easily adjust as you learn and gather feedback.
- Get more from your existing system investments. There are many systems in the industrial asset management space that can benefit from the use of standardized and optimized asset strategies. Systems such as enterprise asset management (EAM), asset performance management (APM), condition monitoring and inspection systems can all benefit when their activities directed from known failure modes and their associated risk to the business. Elements from the Itus Asset Twin Library can be deployed to many EAM, APM, Monitoring or inspection applications to ensure your optimized asset strategy is driving execution in your various asset management systems.
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