Meet Production Levels with Asset Performance Management Solution

Feb. 13, 2019
ABB's new application helps customers achieve higher levels of productivity and improve economic return to meet their performance and quality objectives.

The Asset Management Application is a digital solution that enables process industries to manage and protect their assets through predictive and preventative maintenance to avoid costly failures. Cost-effective management becomes a reality through the optimization of workflows and in-depth analysis of results, offering efficient asset management strategies that enable smarter, more informed decisions.


The application offers industrial plants real-time condition monitoring of equipment, connected devices, and field devices to reduce unscheduled downtime, prevent equipment failures, and optimize the operation and maintenance of the installed base. ABB enables predictive and preventative maintenance by diagnosing asset conditions and predicting looming equipment problems on-premise and, for the first time, at an enterprise’s global level. Moreover, the application enables the use of advanced analytical methods such as machine learning and artificial intelligence to analyze equipment problems and optimize performance.


As geographically dispersed production sites constantly grow, global connectivity, helped by advanced cloud technologies, is an important feature. It brings added benefits of wider collaboration across teams, management, and operations.


ABB Ability Edge ensures a secure connection between assets and the cloud, efficiently separating IT and OT. Edge technology can also act as a platform for applications to give customers the option to operate solely on-premise rather than in the cloud.


In the case of a problem, users can make informed and quick decisions, based on clear recommendations. Actions range from immediate attention to scheduling maintenance in the near future and the identification of issues that can be resolved during the routine maintenance of equipment. The application is available for basic instrumentation equipment across all processing and manufacturing industries, for detailed assets such as motor transformers or circuit breakers complex electrical or rotating equipment, and mechanical handling equipment such as conveyor belts. By providing a precise cause of any equipment problems, the application also enables speedy identification and recovery, further reducing costs.


The Asset Management Application will be launched in the second half of 2019. It sits within ABB Ability, ABB’s digital offering, which includes more than 210 Industrial Internet solutions and an Industrial Internet technology platform and cloud infrastructure. The results can flow into control systems such as ABB Ability System 800xA and ABB Ability Symphony Plus to improve key performance metrics of plants and assets.