Real-Time Risk Dashboard for Equipment Assets with Big Data Analytics
SOUTH BEND, Ind., July 23, 2018 /PRNewswire-iReach/ -- Reliability Dynamics, an engineering and technology company, and Bursys, a technology services and consulting company, announce the release of Real-Time Risk Management (RTRMTM), an asset performance management (APM) tool that integrates risk data with enterprise resource planning (ERP) data to manage risk control measures for processing facilities and equipment. RTRM uses Industrial Internet of Things (IIoT) sensors and Big Data Analytics to monitor and present a real-time global facilities risk dashboard to corporate management. "This is a quantum change in asset management," said Tony Ciliberti, Principal Engineer, Reliability Dynamics, "as it helps companies set APM priorities based on their bottom-line: health and safety, production throughput, and profitability. It also helps companies prioritize application of digital capabilities for their equipment assets."
Companies can quickly ramp-up to RTRM by using existing risk datasets. Most operating and producing companies have already conducted risk assessments as part of operational readiness for new facilities and/or regulatory requirements and have risk datasets available as flat files. These risk datasets typically require reformatting to make them relational, which is done by (1) explicitly identifying equipment and risk control measures by their unique IDs (e.g. technical tags or ERP system identifiers), and (2) explicitly defining evaluation criteria for risk control measures. ERP data need to be made object-specific, e.g. inspection results and malfunction data should be recorded explicitly by technical tag. Reliability and Maintenance data quality management practices are a key component of the RTRM solution. Relevant industries are oil and gas, renewable energy, utilities, water, mining, or other asset-intensive sector.
Reliability Dynamics and Bursys are offering free RTRM demonstrations for a limited time.
Click here for to register for a free demo
About Bursys
Bursys is a global information technology company that focuses on delivering software development, intelligent analytics, machine learning, IIoT/big data cloud solutions to its clients across various industry domains. Bursys delivers automation through digitization of workflows across the enterprise from back office and operations to field service across many verticals such as Oil & Gas, Mail & Package sorting & fulfillment. Bursys delivers deep expertise in big data engineering, machine learning and intelligent workflows to its customers. Bursys has been delivering high value software solutions to its clients in Oil & Gas industry by developing mobile solutions with seamless integration to the SAP and other ERP systems.
About Reliability Dynamics
Reliability Dynamics (RD) is a licensed engineering firm in the State of Texas that focuses on asset management solutions for corporate software. RD combines engineering experience with data science and information technology to help companies get better insight into equipment reliability and performance, which in turn enables improved (data-driven) decision-making for profitability, safety and compliance. Reliability Dynamics' clientele include drilling contractors, oil and gas production companies, pipeline companies, intermediate chemicals and processing, and utilities transmission and distribution companies.
SOURCE: Reliability Dynamics
Links
More information on RTRM: https://www.reliabilitydynamics.com/rtrm
Bursys: http://www.bursys.com
Reliability Dynamics: https://reliabilitydynamics.com
Media Contact: Vito Ciliberti, Reliability Dynamics LLC, 5742743887, [email protected]
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SOURCE Reliability Dynamics LLC
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