This document discusses how asset information management (AIM) is essential for operational excellence in process industries. It argues that poor AIM results in significant financial losses and increased safety and environmental risks for process industry companies. The document estimates that typical process industry organizations lose approximately 1.5% of annual sales revenue due to poor AIM. It advocates that organizations implement an AIM strategy to provide reliable asset information to all stakeholders, in order to improve asset performance, lower costs, and increase profits. The document also describes the types of asset information needed and the challenges of ensuring information quality and usability across engineering and operations teams.
Scaling API-first – The story of a global engineering organization
Asset Information and Analytics Drivers of Process Industry Operational Excellence
1. By ARC Advisory Group
ARC WHITE PAPER
JANUARY 2012
Asset Information and Analytics:
Drivers of Process Industry Operational Excellence
Executive Overview ......................................................................2
Process Industries Still Need Operational Excellence to Win ...............3
Asset Performance Management is Essential for OpX ........................5
Asset Information Management Enables APM Excellence ...................6
AIM Challenges and Goals .............................................................8
Building an AIM Solution for Operational Excellence........................ 10
Rolta OneView™ Helps Companies Overcome Key AIM Hurdles ........ 16
VISION, EXPERIENCE, ANSWERS FOR INDUSTRY