Asset Performance Management 4.0 Internet of Things iot Enabled Condition Monitoring, a Story from a Digital Maintenance Service Provider

Ferket, Johan (Stork, a Fluor company)

OnePetro 

Asset-intensive companies face tighter maintenance budgets, stricter regulations and increased pressure to improve asset performance, whilst confronted with aging assets and workforce. Managing an asset with these challenges requires informed decision-making based on insight, knowledge and forecasting. Data is a powerful tool to achieve this goal. 'Internet of things' innovations have led to a rapid increase in the availability of technical and business data.