Capital Equipment News November 2019

“Constant economic pressure forces asset- intensive organisations to work smarter to avoid costly breakdowns that hamper production and service delivery and ultimately reduce the useful life of their assets. By predicting failure modes and applying corrective actions, asset owners reduce the risk of failures and high repair costs while extending reliable asset life.”

Arveen Gobind, asset reliability executive at Martec

“IIoT will continue to drive condition monitoring applications and technologies and, as more companies look to digitise and implement IIoT as part of their Smart Asset optimisation drive, more equipment and assets will have condition monitoring sensors or systems installed.”

James Cowling, CM product advisor at Martec

“Asset utilisation and productivity can be significantly increased by knowing the condition of the asset. Preventative measures can be taken to prevent failures. Similarly, assets can be utilised for much longer by knowing the exact condition and at what point it is expected to fail.”

The Multilog IMx-8 from SKF delivers reliable, fit-for-purpose machine health monitoring to a diverse range of industrial applications.

Lourens Zeelie, online condition monitoring specialist at SKF Group

TALKING POINT

the avoidance of losses of output due to the breakdown of machinery, and by reducing the costs of maintenance. Lourens Zeelie, online condition monitoring specialist at SKF Group, says the importance of condition monitoring has gone from an optional, nice to have, to a requirement on new plants. “Asset utilisation and productivity can be significantly increased by knowing the condition of the asset. Preventative measures can be taken to prevent failures. Similarly, assets can be utilised for much longer by knowing the exact condition and at what point it is expected to fail,” says Zeelie. Arveen Gobind, asset reliability executive at Martec, says condition monitoring is fundamental in assisting asset owners to determine the condition of their assets and improve reliability and availability. “Condition monitoring provides information specific to an asset, which is used as input to predict potential

The importance of condition monitoring has gone from an optional, nice to have, to a requirement on new plants

Condition monitoring provides information specific to an asset, which is used as input to predict potential failures and as proactive approach to maintenance

AI and Machine Learning are going to play a significant role in the asset management realm in the future

Over time, the implementation of AI models and algorithms may progressively replace some of the more basic analytical work currently being performed by condition monitoring practitioners

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