AssetWise is a system of servers and services that helps owner-operators drive improvements in cost, value, and performance of their infrastructure assets through the use of open shareable asset information. The power of AssetWise is that a 1-3% improvement in the performance of a multi-million or billion dollar infrastructure asset will result in huge savings over its lifecycle.
Infrastructure Assets Present Unique Challenges
Infrastructure assets are unique because of their:
- Scale - which can extend to hundreds of miles or square miles
- Complexity - which is often represented by a network or multiple networks
- Life span - which is measured in decades, rather than years
In addition, many infrastructure assets directly affect the public, their safety, and their quality of life, such as roads and bridges, rail and transit networks, power plants and transmission lines, and pipelines that carry water or natural gas.
Infrastructure assets, complex plant, and highly engineered machinery are also at the heart of many industries including oil and gas, mining and resource extraction, nuclear power, manufacturing, and petrochemicals.
The owner-operators of these infrastructure assets ultimately are responsible to society for the safety and reliability of these services and their impact on the environment. Consequently, infrastructure assets are highly regulated and information must be accurate, accessible across the enterprise, auditable, and aligned with business requirements and regulations.
Owner-operators Realize Significant Benefits with AssetWise
With AssetWise, owner-operators can drive benefits and make trade-offs that span CapEx and OpEx:
- Increase their return on assets (ROA) by extending the useful life of the asset and increasing its productivity throughout its lifecycle
- Improve operational performance by increasing availability, utilization, and reliability, minimizing downtime and unplanned outages, and improving maintenance efficiency
- Manage business risk by meeting regulatory compliance requirements and ensuring public safety and access to accurate information
AssetWise Asset Information Management Services
AssetWise provides an interoperable set of asset information management services that generate the underlying content and manage the information defining the asset.
AssetWise can help you achieve your vision of operational and maintenance excellence, asset integrity, and process safety. Whether your challenge is to improve reliability and availability, reduce maintenance costs, extend asset life, ensure assets are safe to operate, or comply with regulations, AssetWise Ivara Performance Management can help you gain a competitive advantage with a complete solution comprising: