Business Challenge
Efficient management of assets.
A leading energy company wanted to implement an asset management solution that could help them efficiently manage their assets and improve asset productivity.
Situation
Reduction in sales volumes.
The client was facing challenges in managing and optimizing the performance of the assets in its refineries. They wanted to develop an asset management strategy that could help them optimize asset utilization and improve asset performance.
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Solution/Approach
Asset performance tracking solution to improve productivity.
We developed a robust solution that integrated data on the client’s assets which allowed them to gain insights on potential risks, reliability of the assets, plant safety, and costs involved. They were also able to obtain early warning signals that helped in quick decision making.
Impact
Improved asset performance.
The client was able to optimize its asset management process through effective tracking and monitoring of assets, which in turn helped improve equipment reliability. They were able to reduce costs by taking timely decisions based on early warning mechanisms. This helped the client in guaranteeing greater asset profitability.
