HxGN APM is a comprehensive asset performance management solution with purpose-built tools to expose risk and operationalise asset strategies. This ensures that assets operate safely and predictably at an optimal cost, while providing visibility into emerging failure risks that can impact business objectives. Designed to drive a streamlined work process, the solution continually evaluates asset risk and monitors equipment operating conditions to predict and mitigate failures. Built to ensure adoption and effectiveness, HxGN APM leverages pioneering asset twin technology, advanced analytics including AI/ML and an embedded library for rapid deployment and a quick return on investment.
Features & Benefits
1-4%
increase
in mechanical availabilityUp to 10%
cost reduction
in annual maintenance spend 25%
improvement
in asset management team productivity 50%
lower TCO
with usage based subscription compared to legacy APM solutions
Source:
Based upon Hexagon experience and business value assessment within HxGN AdvantX.
Asset Twin Library
Predefined asset strategies and twin models ensure rapid time-to-value
Over 200 of the most common industrial asset classes make up the HxGN APM Asset Twin Library. Based on domain expertise and strategy definition, the embedded asset library enables fast twin implementation, allowing you to operationalise an asset strategy rapidly. So, instead of spending significant time and IT resources, you can have asset protections up and running in minutes. The HxGN APM Asset Twin Library contains failure modes, preventative maintenance activities, defined inputs, analytics and prescriptive actions that you can tune to your assets’ operational context.
The result? A rapid time-to-value
The setup is straightforward. Whenever you need to protect an asset from failure, pull a model from the library. Then, map it to your operational and maintenance data sources, adjust for operating context, and activate. HxGN APM will monitor the asset in real-time and notify you if any threats emerge from that point forward. You will know that strategy is in place and can see the switches that are in the ‘on’ position.
202 Asset Twin Models: Covering common industrial equipment classes, including base failure rates.
1761 Failure Modes: Common failure mode definitions can be extended based on strategy development rigor.
1375 Protections: Activity and condition protections include scope, interval and analytics to guard against risk of failure modes.
3928 Conditions: Interval, condition and analytic-driven triggers notify and advise of emerging failure risk based on protection definitions.
1375 Actions: Prescriptive advisories that provide proactive warning of failure risk, which can be tuned to your organisation and operating context.
The Asset Twin
An innovative method to activate your failure management
As a maintenance and reliability professional, you are keenly aware that a well- thought- out maintenance and monitoring strategy is the key element to minimising the number of reactive activities that consume your day and possibly late nights and weekends. Improving asset performance has always involved a proper understanding of how an asset can fail and then having the proper countermeasures in place to guard against the consequences of failure.
This has typically been the focus of asset strategy development methods like reliability centered maintenance (RCM) or failure modes and effects analysis (FMEA), but the cost and complexity associated with these approaches have limited use in the biggest and most complex industrial environments. While these methods effectively define the general “what” should be done or monitored, they typically fall short when it comes time to implementing and operationalising the resulting asset strategy.
“It is surprising that so many asset-intensive organisations remain in the early stages of APM adoption; only one-third of respondents indicate their APM program is mature.”
The State of APM In Industry, ARC Advisory Group
Using an Asset Twin can provide a practical approach to implement and operationalise asset strategies and ensure you receive the true benefits of asset performance management initiatives. An Asset Twin is a generic model that can be deployed from any strategy development method and brings your asset strategy (or maintenance tactics) together seamlessly with asset health monitoring of conditions. In addition, it also actively monitors the assets, advises of emerging failure risks and brings needed support to critical decision processes.
Elements of an Asset Twin
Three integrated components to monitor asset failure risk and identify emerging threats
Together, the Asset, Failure Modes and Protections provide an active digital model of current conditions, risks and potential threats. Through an Asset Twin, the asset strategy is “operationalized” to provide a line of sight to potential failure risks, the status of mitigation activities and decisions that need to be made. Asset Twins provide a practical approach to Asset Performance Management that any industrial organization, regardless of size and maturity, can deploy today.
Asset
The virtual definition of the Asset, business objectives, mission time and typical failure rate. Risk is then assessed to detail the impact of a potential failure and drive prioritisation of prescriptive actions.
Failure Modes
Dominant failure modes are defined. For each of these failure modes, protections are identified to mitigate the risk of those failures. These protections can be activity-based such as preventive maintenance activities. Other protections are condition-based that include monitoring of asset conditions with available condition or time series data.
Protections
Protections are deployed for each failure mode to actively monitor equipment health, performance and preventative maintenance activities and guard against unexpected failure risks. When emerging threats are detected, prescriptive and proactive action is triggered.
Asset Risk Analyzer
Designed for risk, reliability and maintenance professionals, the Asset Risk Analyzer examines data across large populations of assets and calculates the operational risk due to equipment failure. The insights generated help asset managers to prioritise and justify improvement efforts by answering key questions such as:
- Is my current asset performance aligned with industry norms?
- Which assets are likely to fail during my next planning or production cycle?
- What assets will drive the biggest impact if performance is improved?
Asset Risk Analyzer is an ideal starting point for any reliability improvement initiative as it identifies critical assets that are candidates for optimised asset strategies. In a seamless workflow, asset managers can quantify operational risk and deploy mitigation strategies through failure prediction, predictive maintenance and asset health management use cases.
Manage Asset Risk
Industrial organisations need to maximise asset efficiency while reducing safety, environmental and business risks. This needs ongoing awareness of high-risk assets to prioritise resources and mitigation actions. HxGN APM helps by quantifying asset risk from operational history, ensuring that resources are allocated effectively to mitigate any emerging threats.
Operationalise Asset Strategies
Asset strategies are a valuable tool to ensure that maintenance and operational activities are targeted to mitigate asset failure. But, how do you ensure those strategies are effective and continually improved as operating conditions change and assets age? HxGN APM supports optimised strategies that are defined, implemented and continuously evaluated for maximum impact to business objectives.
Predictive Maintenance
Equipment failure risks can often be detected by analysing operational and inspection data. With advanced sensors and analytics, organisations can optimise maintenance actions by focusing on real-time equipment health. HxGN APM provides a solution to minimise downtime and avoid unnecessary time-based maintenance by monitoring failure risks and automatically driving proactive maintenance.
Rapid Failure Protection
Getting a complete view of asset risk, cost and performance requires the integration of industrial data sources, analytics and equipment expertise. With an Asset Twin Library that covers over 200 equipment types, standard integration to EAM and monitoring solutions, and powerful physics-based AI/ML analytical engines, HxGN APM protects you from surprise equipment failure.
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