Smart Asset Outage Management TESTBED

Fast Facts

LEAD MEMBER:

Genpact

SUPPORTING MEMBERS:

National Instruments

MARKET SEGMENT:
  • Heavy industry machineries (Aircraft engines, locomotives)
  • Energy & Utilities (Gas turbines, windfarms)
  • Mining (Rigs, Cranes)
CHALLENGE:

Mission critical assets such as aircraft engines, gas turbines, locomotives, etc. cost millions of dollars and are operated over multiple decades. Manufacturers (OEM’s) can lose track of critical operational and technical information once these heavy industrial equipment are deployed by their customers. The lack of insights leads to improper planning for parts, repairs and field service, and suboptimal scheduling of maintenance resulting in expensive outages, higher than anticipated maintenance/operating costs and dissatisfied customers.

GOAL:
  • Improve data quality for aftermarket service forecasting
  • Increase the forecasting accuracy of parts provisioning, repairs and field technicians
  • Reduce aftermarket service lead time for asset maintenance
HOW THE TESTBED WORKS:

Smart Asset Outage Management Testbed uses state-of-the-art sensors that monitor real-time data, and also maintains and retrieves information from legacy systems. Data collected will provide insights on outage management and revenue prediction to help OEMs evaluate and better utilize historical maintenance datasets and develop their algorithms faster. The Testbed leverages a bimodal transformation approach, which deploys two concurrent though autonomous work streams to accelerate the pace of innovation. One track provides more predictable day-to-day operational improvements and the other focused on exploration and rapid experimentation.

COMMERCIAL BENEFITS:
  • According to the International Energy Agency (IEA), new investments of around $1 Trillion will go into building natural gas-fired power plants over the next two decades. For 2016 alone, aftermarket service maintenance revenue for gas turbines is $40 Billion. The opportunity over ~50 years of a turbine’s serviceable life and other industrial assets (aircraft engine, locomotives) are at least an order of magnitude higher.

    Interested in learning more about the Testbed? Email us!


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