Articles & News on Asset Management

IFS Retains Status as a Leader in IDC MarketScape for Worldwide Manufacturing Field Service Management

  • News

IFS, the global cloud enterprise applications company, today announced that it has retained its position in the Leaders category in the IDC MarketScape: Worldwide Manufacturing Field Service Management Applications 2021-2022 Vendor Assessment.

NSK Americas Expands Service Offering: Acquisition of Alliance Bearing Repair

  • News

NSK, a global leader in bearing and linear motion control technology, has expanded its owned bearing services capabilities in the Americas with the acquisition of Alliance Bearing Repair and Reclaim, LLC.

In Case You Missed It—Y NOW 2021: Realizing Autonomous Operations

  • by Lynn DeRocco
  • News

Thousands of participants from more than 100 countries attended Yokogawa’s Y NOW 2021: Realizing Autonomous Operations, held Nov. 2–4. The free virtual event featured presentations by dozens of industry powerhouses, from Shell to Saudi Aramco, Cisco Systems to Evonik Operations, and C3 AI to Microsoft.

NEMA Makes a Statement on Infrastructure Investment and Jobs Act

  • News

National Electrical Manufacturers Association (NEMA) President and CEO Debra Phillips issued a statement upon President Biden's signing of the Infrastructure Investment and Jobs Act.

Predictive Maintenance: How a Sensor-to-Cloud Retrofit Drives Benefits

  • by Craig Lentzkow
  • Feature

If you're a machine builder or user maintaining hundreds of machines, then failures are the things you dread most. You know you need Predictive Maintenance, but the cost is often prohibitive. This article discusses a retrofit approach that uses an edge device to continuously measure a machine's critical parameters and send the sensor data to the cloud.

Efficiency, Safety and Predictive Maintenance: Trends in the LV Drives Market

  • by Blake Griffin
  • Feature

The variable speed drive market is back on track, with 7.7% growth predicted for 2021. Interact Analysis' latest market research offers insight into three important trends influencing the drives market: functional safety, predictive maintenance and efficiency regulations.

River Capital Group Launches New Venture Arm, RCG Ventures

  • News

Wholly owned subsidiary to offer capital and management resources to companies in workforce services, extended reality, blockchain, big data, AI, IoT and data analytics.

New BISTelligence Spin-Off Focused on Manufacturing AI Excellence

  • News

The two new divisions will drive mAI consulting services and AI asset performance management products.

APM 4.0: Transforming Decision Making about Plants and Assets with Role-Based Applications

  • by Mike Brooks
  • Feature

Reliability and process engineers need solutions that fit their needs for operational insight and asset management. The valuable skillset of data scientists must be complemented with engineering wisdom and AI applied within the business processes to create role-based applications that will eventually lead to the self-optimizing plant (SOP).

Designing an Intelligent System for High Reliability Production Line

  • by Nikunj Mehta
  • Feature

Fears of perfection, narrow focus and regulatory compliance are major hurdles faced in improving reliability through predictive analytics. Here’s how to overcome them.