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Asset Health Framework

Maximizing Asset Performance with Data-driven Insights

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  2. Solutions
  3. Asset Health Framework

ASSET HEALTH FRAMEWORK

Asset-intensive organizations drive the foundations of heavy industrial activity worldwide. They play a crucial role in enhancing productivity and delivering economic growth, constituting the foundation of all other human activities.

However, these industries face multiple challenges in terms of achieving optimal asset performance and unlocking the full potential of their operations.

L&T Technology Services’ (LTTS) Asset Health Framework (AHF) is a real-time, cloud-native-based platform that gathers, analyzes, diagnoses, and acts on key asset health parameters leveraging the power of AI. It offers a scalable and customizable data pipeline, empowering organizations to make quick decisions. The framework also includes anomaly-prediction models for early failure predictions.

Challenges

Asset-intensive organizations are characterized by:

Consumer Software

A prevalence of legacy processes and systems

Enterprise Software

An inability to proactively address sudden asset breakdowns and plant shutdowns

IOT Software

The need for a lengthy and complex analysis for uncovering root causes of unscheduled breakdowns

IOT Software

An extended asset downtime and multiple inefficiencies impacting overall productivity

IOT Software

An inadequate ability to leverage asset values due to limited insights and analytics

Key Features

The AHF platform enables:

Updated_infographic-svgEarly detection of failures through advanced AI-powered anomaly prediction models for critical assets AI-powered Anomaly Prediction Ensures accurate and reliable insights with the LTTS Data Quality Framework for addressing data quality challenges Data Quality Management Delivers real-time warnings and alerts, enabling proactive maintenance and prompt action Real-Time Warnings and Alerts Offering valuable insights through an intuitive, industry-leading dashboard for a holistic view of asset performance An Intuitive Dashboard Integrates seamlessly with your existing systems and leverages data sources for delivering comprehensive asset insights Seamless Integration

Benefits

For its global users, AHF delivers:

Consumer Software

Reduced Equipment Downtime

Minimize disruptions with a 10-20% reduction in equipment downtime, helping optimize overall productivity

Enterprise Software

Maximized Asset Value

Plan maintenance schedules to maximize asset value and extend operational life

IOT Software

Increased Productivity

Boost productivity by 5-15% through streamlined asset management and efficient maintenance processes

IOT Software

Cost Optimization

Realize substantial savings with a 2-10% reduction in maintenance costs and drive enhanced efficiency and profitability

IOT Software

Gain a Competitive Advantage

Achieve operational excellence, outperform competitors, and stay ahead in the market

Revolutionize your asset management practices and unleash the power of data-driven insights with AHF. Get started today. 

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  • Engineering the change
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