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Intelligent asset management services

Increase asset performance through self-optimizing, demand driven operations, to improve efficiency and reduce risk.

INTELLIGENT ASSET MANAGEMENT SERVICES

Industry X powers urban heating

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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

    82%

    of manufacturers believe flexibility is critical to growth

    60%

    of capacity losses are due to equipment not producing to capacity

    1.8x

    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:

    2-5%

    product throughput increase

    2-3%

    asset utilization increase

    25%

    workforce productivity increase

    10-15%

    asset downtime reduction

    10-15%

    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.

    Alliances & partners

    We work with a global network of market leaders and innovators to give you the ability to move quickly and scale faster, with unrivalled access to top talent, technology, and expertise.

    SEE ALL PARTNERS
    SEE ALL PARTNERS

    Accenture & SAP partnership

    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.

    View Transcript
    Industry X

    You’ll reclaim the IT and Ops gap with intelligent assets

    Companies need to reimagine how they connect assets, people and processes across the enterprise and business networks.

    READ MORE
    Industry X

    Driving performance with digital intelligence

    Accenture explains how adoption of digital enablers and cloud-based services can help to increase efficiency and drive higher performance.

    READ MORE

    SAP Intelligent Asset Management, co-developed with Accenture, helps businesses unlock value by focusing on three key areas of intelligent asset management:

    • Asset management standards and processes—create a foundation with leading industry practices
    • Asset management systems enablement—deploy and help optimize integrated Enterprise Asset Management (EAM) and Asset Performance Management (APM) systems to streamline workflows
    • Smart connected assets and analytics—leverage digital enablers and advanced analytics to help deliver safer, more resilient and more reliable operations

    Read the announcement

    Take a deeper dive

    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.

    Case studies

    VIEW MORE CASE STUDIES
    Industry X

    Warming up to becoming data driven

    Industry X powers urban heating with efficiency and sustainability.
    READ MORE
    Industry X

    The fight against global warming goes digital

    Swiss eco-tech Climeworks has an ambitious vision. To achieve it, they need to scale.
    READ MORE
    Industry X

    Marelli: Smarter manufacturing

    Marelli’s transformation journey uses digital technologies to improve manufacturing operations.
    READ MORE
    VIEW MORE CASE STUDIES

    Awards & recognition

    Expertise you can build upon: Independent research organizations continuously recognize Accenture as a best-in-class provider of operations consulting, solutions, and services.

    RANKED NO.1 ON

    HfS Top Ten Report for Industry 4.0 Services

    Accenture ranked No.1 in 2022. Learn more.

    RECOGNIZED BY IDC MARKETSCAPE

    IDC MarketScape Names Accenture a Smart Manufacturing Services Leader

    A Worldwide leader in the 2021 report.

    RECOGNIZED BY IDC MARKETSCAPE

    IDC MarketScape Names Accenture an Asset Management Digital Services Leader

    A Worldwide Oil and Gas leader in the 2021 report.

    What we think

    VIEW MORE ARTICLES
    Production and Operations

    How digital twins enable autonomous operations

    Manufacturing systems need to evolve to support manufacturer's transformation toward data-driven adaptive operations.

    Human Machine Interface and Experience

    A new approach to warehouse automation

    Accenture identified 4 key elements that are essential to warehouse operations that maximizes the returns from digital investments.

    VIEW MORE ARTICLES

    Reimagine: The Industry X blog

    Insights on digital engineering and manufacturing.

    VIEW MORE POSTS

    The importance of IAM in OT cybersecurity

    Organizations in the energy industry can effectively implement IAM and increase resilience against future attacks. Accenture discusses how.

    READ MORE

    Driving performance with digital intelligence

    Accenture explains how adoption of digital enablers and cloud-based services can help to increase efficiency and drive higher performance.

    READ MORE
    VIEW MORE POSTS

    Our leaders

    Michael Poland

    Managing Director – Industry X, Intelligent Asset Management Global Lead
    LinkedIn

    Nitin Sikri

    Managing Director – Industry X, Intelligent Asset Management Growth Markets Lead
    LinkedIn

    Cass Houchins

    Managing Director – Industry X, Intelligent Asset Management North America Lead
    LinkedIn

    Gert Müller

    Managing Director – Industry X, Intelligent Asset Management Europe Lead
    LinkedIn

    Nilesh Shrivastava

    Managing Director – Industry X, Advanced Technology Centers in India Intelligent Asset Management Lead
    LinkedIn

    Related capabilities

    Digital production and operations

    The journey to autonomous operations.

     

    Autonomous robotic systems

    Redesigning manufacturing for more productive and efficient human + machine collaboration.

     

    Digital engineering and manufacturing services

    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.

    Intelligent Asset Management is utilizing the power of data and digital to optimize an organization’s physical asset management system. In addition to reducing asset-related risk, Intelligent Asset Management services give organizations transparency into how the assets they use are performing and how they can manage those assets to create more value, operate more efficiently, reach sustainability goals, and increase worker safety.