Going Digital With Asset Lifecycle Management

For every important physical asset there be should be a trusted digital asset.
Published: Wed 07 Oct 2015

In a highly asset intensive industry with often complex and long asset lifecycles over decades involving many companies from the design through build and operation to dismantling stages, asset management should be a key component of modern utility operations.

“With US$40 trillion expected to be invested in utilities in the next 20 years, how we manage those assets is key to minimizing their risks and maximizing their financial returns,” says Thierry Jourdan, Director, Capgemini Technology Services and DiALM Global Leader. “This is achieved by ensuring the safety and compliance of the assets to improving their reliability, performance and availability and so we need to know more about them.”

Digital Industrial Asset Lifecycle Management

Capgemini’s solution, Digital Industrial Asset Lifecycle Management (DiALM), is presented by Mr Jourdan in an Engerati briefing, Digital Industrial Asset Lifecycle Management.

The solution, which was developed in partnership with academics and industry players including Aveva and draws on experience from other asset intensive industries – and is equally applicable to companies in all these industries – is based on a digital approach with “trusted enterprise asset information.”

“We need to move from a document-based process to data-based process,” says Mr Jourdan, noting that this is potentially the biggest challenge, requiring a new way of working, that faces companies with their asset management. He states that for every important physical asset, there should be a trusted digital asset in context. “It needs to be accurate, accessible, consistent, up to date, available, secure and traceable.”

Features of DiALM

Mr Jourdan says that a digital asset repository brings multiple benefits to the company. Among these are:

• Ensures information continuity by linking design and operations with business processes and data. For example, a plant optimization may require re-design.

• Federates and ensures consistency across the enterprise of all the industrial asset data that are part of the asset lifecycle, with access both in the office and in the field

• Allows shaping of the digital asset data, both numerically and visually including 3-D visualization, according to the business user profile in the enterprise, e.g. engineering, operations, finance, etc.

• Increases asset data mastership and reduces the asset total cost of ownership

• Offers a non-intrusive data centric as-a-service incremental approach, with availability either as a managed cloud service or on premise.

Implementing DiALM

Mr Jourdan says that the best way for companies to understand DiALM is to see it in action. To this end, Capgemini provides a combination of activities, including supporting the internal change process, implementing a pilot and creating and feeding in digital representations of assets.

As examples of companies that have implemented DiALM, Mr Jourdan cites British Rail, which expects £1.7 billion in benefits from a £300 million programme investment, and an Australian company, which has experienced a 10% efficiency improvement among all employees.

In summary, “DiALM allow asset intensive companies to get more performance, better return on investment and increased safety and security of their assets for a better environment,” says Mr Jourdan, quoting Bill Gates: “How you manage information determines whether you win or lose.”

To learn more about DiALM, register for the briefing.

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