Featured Articles

By Mahad Bouh Doualeh In an epoch defined by the incessant advancement of technology and heightened societal  expectations, the realms of logistics and heavy machinery find themselves at a pivotal crossroads. Reach stackers, as a hallmark of mobile equipment, exemplify the critical necessity of a comprehensive strategy that harmonizes operational efficiency with ethical responsibility. As industrial practices evolve, a holistic framework encompassing strategy and planning,  corporate social responsibility, and comprehensive asset ...

By Alimey Diaz  The most efficient Real Estate organizations understand perfectly well the impact of well-performing facility management, attached to a convenient Asset Management strategy that allows them to keep facilities healthy and operational for millions of users. Technology is the common element of profound transformation in all industries worldwide. Expressed in Artificial Intelligence, Big Data, Machine Learning, and Internet of Things, it enables product creation and service delivery to grow exponentially. In the Asset Management ...

The fundamental purpose of Asset Management is to ensure that assets, industrial equipment and facilities deliver their full value and fulfill the functions for which they were designed, aiming to obtain maximum efficiency and operational excellence in a safe environment for people, equipment and the environment. Continuous improvement is one of the fundamental characteristics of Asset Management, and in this journey of continuous improvement there is no final goal. As a matter of principle, systems (industrial, biological, social) tend to obsolescence, ...

- By Terrence O’Hanlon - I was at a small Italian restaurant in the East Village of New York City eating dinner with the Physics genius Albert Einstein and Quality Management guru Dr W. Edwards Deming.  The odd thing was that we were engaged in a very intense conversation about Uptime Elements and the Reliability Leadership Framework. These guys were both true inspirations and spoke authentically (In fact they spoke in very famous quotations). I have recreated the evening in script form as accurately as I can recall so you can follow ...

- By Terrence O’Hanlon - US Government identified six key characteristics of an effective asset management framework The US Government Accounting Office (GAO) identified six key characteristics of an effective asset management framework that can help federal agencies manage their assets and resources effectively. GAO identified these key characteristics through reviews of the International Organization for Standardization (ISO) 55000 standards—an international consensus standard on asset management—studies and articles on asset management ...

- by Katriona Lord-Levins and Michael Salvato -  As the world has proven its need for rapid change, here in the U.S., the president is calling for a build back better framework. And the country’s communities, organizations and even its people can play an important role in building back better. Critical to the build back better effort is the integration of infrastructure, digital technologies and sustainable development. The vision for a digital built America is an America that is smarter, more sustainable and resilient. As the world emerges ...

- By​ Randy Riddell - An often debated subject on maintenance rebuilds is exactly which parts or components should be replaced. There are two extremes when making this decision. The low-risk option is to replace everything with new each time, however, the extreme high cost is not justified in most business models. Some sort of condition-based maintenance inspection would be more ideal for replacing components or signaling major rebuilds. Infant mortality of installing new parts may even make that option high risk. The high-risk option for maintenance ...

- By Sandra DiMatteo -  How to Gain Timely and Accurate Data Insights to Optimize Asset Performance and Reliability  Data-driven decisions are those backed up by hard evidence; reliable and trustworthy data, rather than intuition, gut instinct, or guesswork. However, the abundance of data that is generated from Industrial Internet of Things (IIoT) devices and multiple siloed sources makes it difficult to analyze. The worst thing that can happen is that critical data is missing, remains hidden, or is incorrect. So, how do you know you have ...