Discover the Power of APM 360™ in Action

Table of Contents

1. Introduction
2. Understanding Asset Performance Management (APM)
   • Definition of APM
   • Importance of APM in industrial scenarios
3. Fulfilling the Needs of Multiple Personas through a Single APM Portal
   • Overview of the APM portal
   • Catering to the requirements of regional managers and operations heads
   • Drill-down functionality for investigating underperforming plants
4. The Health Score: A Holistic View of Asset Health
   • Components of the health score
   • Configurability and flexibility in creating the health score
   • Applying the health score to single assets, groups of assets, processes, and plants
5. Alarms and Alerts: Early Warnings for Mitigating Issues
   • Importance of receiving alarms and alerts in APM
   • Determining the cause of an issue quickly
   • Generating actions to mitigate serious problems
6. Explainability and Collaboration in APM
   • Providing explainability for every model in the APM system
   • Enabling collaboration among different individuals with varying competencies and roles
   • Integrations with other software for seamless workflow management
7. Enabling Data Scientists and Subject Matter Experts in APM
   • Empowering users to dig into algorithms and ensure explainability
   • Designing models for reliability, maintainability, and trustworthiness
   • Interactive interfaces for exploring AI models' output and underlying data
8. Conclusion

Understanding Asset Performance Management (APM)

Asset Performance Management (APM) is a critical aspect of optimizing industrial operations. It involves gathering and providing the right information to the right people at the right time to enhance asset performance and efficiency. In an industrial Scenario, multiple personas are involved, each with their own specific requirements and insights. APM aims to fulfill these diverse needs through a single APM portal.

Fulfilling the Needs of Multiple Personas through a Single APM Portal

The APM portal serves as a centralized platform that caters to the requirements of various personas. For regional managers or operations heads, the main page of the portal provides an overview of all plants globally. This includes the health score of different plants, Current status of important key performance indicators (KPIs), and alerts for each plant. Through the portal, these individuals can drill down into specific plants to investigate underperformance and identify areas for improvement.

The Health Score: A Holistic View of Asset Health

A crucial feature of the APM system is the health score, which provides a comprehensive assessment of asset health. The health score is like a stock index, combining various components that indicate mechanical conditions, such as vibration levels, oil purity, and wear and tear. Additionally, the health score can incorporate assessments from first principles models or machine learning models. The flexibility of the health score allows it to be tailored to the specific needs of each persona, providing a holistic view of asset health for single assets, groups of assets, processes, or even entire plants.

Alarms and Alerts: Early Warnings for Mitigating Issues

Timely detection of potential issues is crucial in asset performance management. The APM system enables the receipt of alarms and alerts when there's an impending problem that needs to be addressed. For example, anomalies detected in a Pump can trigger an alert. However, for alerts to be actionable, it is essential to determine the cause of the issue quickly and generate appropriate actions to mitigate any potential serious problems.

Explainability and Collaboration in APM

To ensure the effectiveness of an APM system, it must provide explainability for every model it runs. This is particularly important for users who understand first principle models or AI models, such as subject matter experts or data scientists. The system should empower these individuals to Delve into the underlying algorithms, ensuring transparency, maintainability, and trustworthiness. Interactive interfaces can be provided to explore AI models' output and the Relevant underlying data, fostering collaboration and knowledge sharing among users with different competencies and roles.

Enabling Data Scientists and Subject Matter Experts in APM

APM systems should offer the necessary tools for data scientists and subject matter experts to dig into the algorithms powering the models. The goal is to prevent the use of black-box models that lack explainability and may introduce risks. By enabling users to examine the algorithms, APM systems can ensure maintainability and trust in the models. Interactive interfaces can provide detailed outputs and relevant contributing factors, allowing experts to relate model outputs to the physical system being monitored.

In conclusion, successful asset performance management relies on comprehensive tools that meet the needs of various personas involved in industrial operations. A single APM portal can provide insights and actionable information to regional managers, operations heads, maintenance personnel, subject matter domain experts, and data scientists. By leveraging the power of APM systems, organizations can optimize asset performance, improve collaboration, and achieve operational excellence.

Highlights

• Asset Performance Management (APM) is essential for optimizing industrial operations.
• The APM system fulfills the needs of multiple personas through a single APM portal.
• The health score provides a holistic view of asset health, customizable for different requirements.
• Alarms and alerts enable early detection and mitigation of potential issues.
• Explainability and collaboration are crucial in APM, allowing users to delve into algorithms and work together.
• Empowering data scientists and subject matter experts ensures maintainability and trust in APM systems.

FAQ

Q: How does Asset Performance Management (APM) benefit industrial operations? A: APM provides the right information to the right people at the right time, enhancing asset performance and efficiency in industrial scenarios. It allows for proactive management of assets, early detection of issues, and informed decision-making.

Q: Can APM systems be tailored to specific requirements of different personas? A: Yes, APM systems can be configured to cater to the specific needs of different personas involved in industrial operations. The health score, alarms, alerts, and interactive interfaces can be customized to provide relevant insights and information.

Q: How does explainability play a role in APM systems? A: Explainability is crucial in APM systems, particularly for users who understand first principle models or AI models. It ensures transparency, maintainability, and trustworthiness in the models, allowing for better decision-making based on reliable insights.

Q: How can APM systems facilitate collaboration among different individuals? A: APM systems offer features such as alert assignments, comments, attachments, and integrations with other software. These enable flexible collaboration, allowing individuals with different competencies and roles to work together seamlessly and manage organizational processes effectively.