Optimize asset management for improved performance
Smart connected assets provide data and insights that help companies optimize asset management by improving productivity, reliability and output; increasing profitability; reducing risk and building more resilient operations.
Within many production facilities, there are numerous disparate systems that operate and maintain a company’s assets, and none of those systems talk to each other. This lack of transparency into identifying asset risks and opportunities means companies can face overwhelming challenges.
Our Intelligent Asset Management (IAM) services and digital solutions help you optimize your asset management, utilizing tools such as robotics, artificial intelligence (AI), and machine learning to provide insights into how assets are performing, so you can create more value, operate more efficiently, meet environmental goals, and mitigate labor shortages.
Our recent acquisitions T.A. Cook, Advoco & umlaut enable us to deliver even more comprehensive transformations across maintenance & reliability; shutdown, turnaround and outtages (STO); operations and manufacturing optimization; Hexagon EAM & more.
Getting the most from your asset management system
With supply chain and manufacturing disruptions, labour shortages, the high cost of repairs, and evolving customer demands ever present, production leaders face an uphill battle to stay on top of their operations.
With disparate systems such as Manufacturing Execution Systems, Distributed Control Systems, finance systems and Enterprise Asset Management software all used to maintain an asset, there is a lack of transparency to be able to identify the opportunities and risks.
This leads to:
Increased unplanned downtime
Higher maintenance and support costs
Recreational or reactive maintenance that doesn't address root causes for failures
Inability to meet critical business functionalities
Inaccurate maintenance reporting
Without transparency around costs, performance, risk, and value potential, these challenges are impacting critical business KPIs and stopping organizations from achieving their growth targets.
You're not alone
of manufacturers believe flexibility is critical to growth
of capacity losses are due to equipment not producing to capacity
more cost to repair failed assets compared to predictive maintenance
Take a holistic transformation journey with us
Transformation of your asset management requires a holistic journey, moving from a reactive situation, through to a preventative, predictive and eventually prescriptive approach. We start with a diagnosis - identifying the problem and setting the goals, then in deployment we look at the platform solutions, feasibility and journey that suits you. It’s not a ‘one size fits all’ solution, every business has a different set of needs.
The course of the journey strengthens foundational business process capabilities and augments them with digital capabilities to help to turn your asset data into actionable insights. Using the power of data and digital, we leverage AI, machine learning, advanced robotics, and the right platform solutions for you. This helps you get out of a break-fix mode and accelerates the transition from reactive to proactive work.
Potential benefits include:
product throughput increase
asset utilization increase
workforce productivity increase
asset downtime reduction
MRO inventory reduction
Asset management capabilities
We help leaders in Chemicals, Energy, Mining & Metals, Consumer Goods & Services, Life Sciences, Fleet Services, and more, to increase the productivity, resilience, and sustainability of their assets, whilst reducing risk and cost of ownership.
Asset management strategy and operating model
Set up effective strategies and agile operating models, deploy standards, work management process & leading practices for asset lifecycle management.
Change management and digital transformation
Technical expertise, methodology and digital toolsets - from digital turnarounds to smart maintenance, our approach is tailored for you.
Asset management systems
Deploy/ Optimize EAM and APM systems in an integrated fashion to enable streamlined workflow enabling longer term Asset Management goals.
Smart connected asset management
Leverage advanced analytics and Artificial Intelligence to ensure safe, efficient, and reliable operations.
Together, Accenture and SAP use the power of data and digital to help our asset-intensive clients reimagine the things they make and how they make them.
Through SAP Intelligent Asset Management we enable new ways for our clients to connect assets, people and processes across the enterprise and business networks. To maximise the performance of their assets by driving efficiency, uncovering value and operating more safely and sustainably.
Accenture is extending our alliance with SAP to bring together plant operations and maintenance data in one solution that allows companies to use industry-leading practices to maximize performance of their assets from strategy to execution.
Combine the power of data and digital to reimagine the products you make and how you make them.
Frequently asked questions
Digital asset management (DAM) is a software system that helps organizations manage their digital assets and put them in one centralized, accessible location. A DAM system provides storage, organization, distribution, and management of internal and external digital assets. Data-driven asset managers maximize the value of asset management data and treat it as a strategic asset—using it for innovation and critical business decisions. With a strong data foundation, cloud-based optimization and an insights-driven culture, DAM leaders can identify and seize growth opportunities, and take proactive steps to embed data and digital technologies, like Artificial Intelligence (AI), machine learning and advanced analytics at their core.
Just like companies differ from one to the next, how they manage their assets differs as well. And there can be different types of asset management even within a single company in different departments and organizational levels. Though asset management is unique to each organization, here are the different ways to manage assets in the most effective way:
SAP Intelligent Asset Management is a set of asset management services that utilizes a suite of software products to maintain and service the performance of physical assets with real-time insights, the Internet of Things (IoT), machine learning, mobility, and advanced and predictive analytics. SAP Intelligent Asset Management connects assets, people and processes across the enterprise and business networks. This maximizes the performance of a company’s assets by driving efficiency, uncovering value, and operating more safely and sustainably with a holistic, 360-degree value approach.