ABB announces Asset Management Application

  • November 29, 2018
  • ABB
ABB announces Asset Management Application
ABB announces Asset Management Application

November 29, 2018 - ABB previewed a new application, at SPS IPC Drives fair, that is designed to help customers achieve higher levels of productivity and to meet their performance and quality objectives.

The Asset Management Application is a digital solution that enables process industries to manage and protect their assets through predictive and preventative maintenance. It is intended to enable the optimization of workflows and in-depth analysis of results, offering efficient asset management strategies that enable more informed decisions.     

The application offers industrial plants real-time condition monitoring of equipment, connected devices and field devices to reduce unscheduled downtime. ABB enables predictive and preventative maintenance by diagnosing asset conditions and predicting looming equipment problems on premise and, for the first time, at an enterprise’s global level. Moreover, the application enables the usage of advanced analytical methods such as machine learning and artificial intelligence to analyze equipment problems.

ABB Ability Edge ensures a secure connection between assets and the cloud, separating IT and OT. Edge technology can also act as a platform for applications to give customers the option to operate solely on premise rather than in the cloud. 

In the case of a problem, users can make informed decisions, based on clear recommendations. Actions range from immediate attention to scheduling maintenance in the future and the identification of issues that can be resolved during its routine maintenance of equipment. The application is available for basic instrumentation equipment across all processing and manufacturing industries, for detailed assets such as motor transformers or circuit breakers and complex electrical or rotating equipment, and mechanical handling equipment such as conveyor belts. By providing a precise cause of any equipment problems, the application also enables identification and recovery. 

The Asset Management Application will be launched in the second half of 2019. It sits within ABB Ability, ABB’s digital offering, which includes more than 210 Industrial Internet solutions and an Industrial Internet technology platform and cloud infrastructure.

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