Following the Data Journey for Ongoing Asset Reliability

Traditional asset reliability programs rely and focus on periodic assessments and interventions. Expert audits rank asset criticality and then develop preventive maintenance programs and perform failure root cause analysis, often after the fact of mechanical breakdown.

New technologies now enable a deeper, ongoing understanding of system performance, potential equipment failures and specific local factors that may contribute to equipment underperformance or failure. These technologies include the growing availability of sensor data, less expensive data acquisition and storage, advanced computing technology, and the wide availability of machine learning/data science tools and techniques used to rapidly analyze, understand and improve system reliability.

This webinar will outline the primary elements of the data journey of a reliability system and provide specific examples of how to implement and manage such a system, as well as the key benefits of such an approach.

What We Will Cover

The discussion will focus on a few key elements:

1. Data Capture
2. Applied Models and Methods for Performance Assessments
3. Business Process Analysis with Data to Provide New Equipment Insights

Desired results to be discussed and explored include:

1. A deeper understanding of asset performance vs. averages
2. A continually improving detection system for equipment condition
3. The ability to augment existing reliability and maintenance programs with new data-driven approaches, including machine learning insights based on empirical models
4. How live analytics allow organizations to understand the essence of the physical behavior of the equipment in operation in its full complexity

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Presenters

Mark Wolfgram, GenesisSolutions

Mark Wolfgram is a PM and Senior Reliability Manager for GenesisSolutions, an ABS Group company, specializing in asset reliability and leveraging enterprise asset management (EAM) systems to make data-driven decisions. He has extensive knowledge of EAM processes and practices and has held positions in engineering, maintenance, operations, logistics and quality throughout a career spanning over 30 years. Wolfgram earned a BS in Mechanical Engineering from Purdue University and completed post-graduate studies in advanced vibrations and acoustics, statistical methods and business management. He is a member of the Society for Maintenance & Reliability Professionals (SMRP) and is a Certified Maintenance & Reliability Professional (CMRP).

Roy Keyes, Arundo Analytics

Roy Keyes is Lead Data Scientist at Arundo Analytics, a software company enabling large-scale machine learning applications in heavy industries. In this role, he leads Arundo's North America data science team. An expert in advanced system analysis and analytical methods at the intersection of cloud software, data science and industrial operations, Dr. Keyes hold a BS in Physics from Rice University, an MS in Nuclear Engineering and an MS and PhD in Physics from the University of New Mexico.

About GenesisSolutions

For over a decade, Genesis Technology Solutions, Inc. (GenesisSolutions), the Asset Performance Management subsidiary of ABS Group, has been a market leader in asset reliability, asset maintenance and asset management. Our extensive team of enterprise asset management (EAM) and reliability professionals have created solutions for industrial customers throughout the world. Today, we are one of the largest, most capable global EAM service providers with a portfolio of hundreds of success stories across the Americas, Europe and Asia Pacific regions.

About ABS Group

ABS Group of Companies, Inc. (ABS Group) and its operating subsidiaries provide risk management solutions and certification services worldwide that help clients address the safety, integrity, quality and environmental efficiency of critical assets and operations. Headquartered in Spring, Texas, ABS Group operates with more than 1200 professionals across the globe, serving the marine and offshore, oil, gas and chemical, government, power and energy and industrial sectors. ABS Group is a subsidiary of ABS (www.eagle.org), a leading marine and offshore classification society.