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](/sites/default/files/2023-06/prevalence.png)
A prevalence of legacy processes and systems
![Enterprise Software](/sites/default/files/2023-06/inability-to-proactively.png)
An inability to proactively address sudden asset breakdowns and plant shutdowns
![IOT Software](/sites/default/files/2023-06/unscheduled-breakdowns.png)
The need for a lengthy and complex analysis for uncovering root causes of unscheduled breakdowns
![IOT Software](/sites/default/files/2023-06/extended-asset-downtime.png)
An extended asset downtime and multiple inefficiencies impacting overall productivity
![IOT Software](/sites/default/files/2023-06/inadequate-ability.png)
An inadequate ability to leverage asset values due to limited insights and analytics
Key Features
The AHF platform enables:
Benefits
For its global users, AHF delivers:
![Consumer Software](/themes/custom/lnttech/images/asset_health_framework/Reduced Equipment Downtime.png)
Reduced Equipment Downtime
Minimize disruptions with a 10-20% reduction in equipment downtime, helping optimize overall productivity
![Enterprise Software](/themes/custom/lnttech/images/asset_health_framework/Maximized Asset Value.png)
Maximized Asset Value
Plan maintenance schedules to maximize asset value and extend operational life
![IOT Software](/themes/custom/lnttech/images/asset_health_framework/Increased Productivity.png)
Increased Productivity
Boost productivity by 5-15% through streamlined asset management and efficient maintenance processes
![IOT Software](/themes/custom/lnttech/images/asset_health_framework/Cost Optimization.png)
Cost Optimization
Realize substantial savings with a 2-10% reduction in maintenance costs and drive enhanced efficiency and profitability
![IOT Software](/themes/custom/lnttech/images/asset_health_framework/Gain a Competitive Advantage.png)
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.
![](https://www.ltts.com/sites/default/files/resources/service/video-section/asset-health-thumb_0.png)
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.