Asset Health Framework
Asset-intensive organizations drive the foundations of heavy industrial activity worldwide. They play a crucial role in enhancing productivity and delivering economic growth, constituting the foundation of all other human activities.
However, these industries face multiple challenges in terms of achieving optimal asset performance and unlocking the full potential of their operations.
L&T Technology Services’ (LTTS) Asset Health Framework (AHF) is a real-time, cloud-native-based platform that gathers, analyzes, diagnoses, and acts on key asset health parameters leveraging the power of AI. It offers a scalable and customizable data pipeline, empowering organizations to make quick decisions. The framework also includes anomaly-prediction models for early failure predictions.
Challenges
Asset-intensive organizations are characterized by:
A Prevalence of Legacy Processes and Systems
An inability to proactively address sudden asset breakdowns and plant shutdowns
The need for a lengthy and complex analysis for uncovering root causes of unscheduled breakdowns
An extended asset downtime and multiple inefficiencies impacting overall productivity
An inadequate ability to leverage asset values due to limited insights and analytics
Key Features
The AHF platform enables:
AI-powered Anomaly Prediction
Early detection of failures through advanced AI-powered anomaly prediction models for critical assets
Data Quality Management
Ensures accurate and reliable insights with the LTTS Data Quality Framework for addressing data quality challenges
Real-Time Warnings and Alerts
Delivers real-time warnings and alerts, enabling proactive maintenance and prompt action
Seamless Integration
Integrates seamlessly with your existing systems and leverages data sources for delivering comprehensive asset insights
An Intuitive Dashboard
Offering valuable insights through an intuitive, industry-leading dashboard for a holistic view of asset performance
Benefits
Reduced Equipment Downtime
Minimize disruptions with a 10-20% reduction in equipment downtime, helping optimize overall productivity
Maximized Asset Value
Plan maintenance schedules to maximize asset value and extend operational life
Increased Productivity
Boost productivity by 5-15% through streamlined asset management and efficient maintenance processes
Cost Optimization
Realize substantial savings with a 2-10% reduction in maintenance costs and drive enhanced efficiency and profitability
Gain a Competitive Advantage
Achieve operational excellence, outperform competitors, and stay ahead in the market
Asset Health Framework
Asset-intensive organizations drive the foundations of heavy industrial activity worldwide. They play a crucial role in enhancing productivity and delivering economic growth, constituting the foundation of all other human activities.
