Asset Performance Management

powered by ITUS

 

APM optimizes the performance and reliability of assets critical to mining operations, increasing uptime, decreasing costs, and reducing risks. Our APM capabilities deliver a practical, fit-for-purpose solution, enabling our customers to realize rapid time to value and maximize return on capital..

APM optimizes the reliability and performance of assets critical to mining operations. We help asset-centric mining facilities increase uptime, decrease costs, and reduce operational risks.

Quick Statistic:

77%

of mining executives identify cost and Asset Performance Management as a top strategic concern.

Wabtec’s Asset Performance Management Solution is a software and services suite designed to optimize mining-asset performance. APM connects disparate data sources and uses advanced analytics to turn data into actionable insights while fostering collaboration and knowledge management across your Mining Fleet. APM works across all equipment, all OEMs, and many applications across mining operations. APM provides mining organizations the flexibility to develop new analytics and applications, enabling them meet changing needs.

Customer Benefits

End-to-End Value

Wabtec Mining

2 - 6%

Increased Availability

 

Maintenance Optimization: Align mining asset strategies with credible failure risks and proactive activities such as condition-based maintenance. Reduce unplanned downtime and increase availability and reliability by ensuring critical mining assets and systems are monitored and protected from emerging threats.

Wabtec Corporation

5 - 25%

More Employee Productivity

 

Dynamic Monitoring: Ensure critical mining assets and systems are protected from emerging threats by proactively resolving problems with dynamic monitoring and equipment condition analysis. Historical data will continue to build and enrich the Asset Twin model with your operations specific operating and environmental context.

Wabtec Corporation

3 - 40%

EH&S Incident Reduction

 

Manage Risk: Safeguard compliance to your environmental and safety program goals. Mitigate business risks by actively managing operating excursions that impact asset condition and reliability.

Wabtec Corporation

5 - 25%

Reduction in IT Total Cost of Ownership

 

Rapid Time-to-Value: Use Wabtec’s Value Assessment approach to quickly determine ROI and associate a fit-for-purpose cost model. Rapid deployment models and the embedded Asset Twin Library enable failure-risk coverage quickly. Additional edge, cloud and hybrid configuration and out-of-the-box connectors/API options to meet your organizations specific needs using an easy-to-understand consumption-based model.

The APM Process

How it Works

Discovery & Value Assessment

Systematic study and qualification of business processes and assets to identify how APM fits in the business process and provides value:

  • Evaluate existing IT, maintenance systems and instrumentation infrastructure and use engineering analysis to determine operational maturity
  • Understand the elements of current and planned business processes and tools to identify how APM will augment and improve the business
  • Calculate an expected annual value for applying APM operations, using value-based criteria

Assess Asset
Risks

Quantify asset risk and critical failure modes.

  • Establish asset objective and operating context
  • Determine asset risk profile
  • Define dominant failure modes
  • Determine failure mode risk profiles
Strategy to Protect
Assets

Implement failure risk protection through analytics and digital asset twins.

  • Establish critical indicators and analytics. These features measure asset health and failure risk exposure.
  • Define conditional thresholds, excursions, and advisories. Together, they trigger proactive remediation and help decrease the number of asset failures.
  • Leverage the Asset Twin Library to accelerate implementation while preserving for your operating context.
  • Tune models and adjust for operating context with historical simulation capabilities.
Monitor the
Twins

Proactively monitor asset health and threats.

  • Analyze current and historical asset health through easy-to-read indicators.
  • Simulate and reset indicator and excursion thresholds to optimize protection.
  • Automatically log excursion events that exceed thresholds for “hands-off” monitoring.
  • Proactively initiate failure mitigation activities. Triggered by analytics on thresholds and cumulative excursion event criteria, this feature helps reduce downtime and maintenance costs.
Act on
Threats

Govern all mitigation activities to closure.

  • Visibility to all advisories for the remediation of emerging threats.
  • Collaborate on advisories and activities with teams remotely and across shifts.
  • Get direct line-of-sight to potential risks and collective remediation evidence with real-time advisories and asset health monitoring.
  • Leverage advisory history for continual learning and optimizing your asset strategy. You benefit from a refined asset maintenance plan and an increase in asset reliability.

Embedded Asset Twins

Predefined asset strategy and digital twin models for rapid deployment:

  • The Asset Twin Library covers more than 200 of the most common equipment classes, so you avoid having to start from “scratch.”
  • Defined failure modes, preventative maintenance activities, analytics, and prescriptive actions boost your overall asset performance effectiveness.
  • Models that are easy to apply, reuse, and reference when modeling Asset twins. Now you can build an asset twin in less than 10 minutes.
  • Extendable to support corporate standards, operating context, and OEM recommendations. Scale your APM program as you grow without draining resources or losing time.
Success Stories

Our customers are behind the most forward-looking progress in Mining.

Wabtec partners with ITUS
Itus Digital & Wabtec Announce Strategic Partnership

ROANOKE, Va., Nov. 2, 2021 -- Itus Digital and Wabtec today announced a partnership to deliver Asset Performance Management (APM) solutions to the mining industry.  The solution combines Itus's APM platform with Wabtec's mining equipment expertise and enables mining organizations to deliver predictable production, optimize maintenance activities and reduce operational risk.

Wabtec Digital mine Asset Performance management success story
Rio Tinto Kennecott Mitigates Risk and Increases Productivity with APM

Rio Tinto Kennecott (referred to as Kennecott), one of the largest copper producers in the United States, has been a fixture in the Salt Lake Valley of Utah for more than 100 years. Kennecott began an initiative to consolidate its instrument valve data and update its existing operator rounds process to increase employee productivity.

Wabtec Digital mine Asset Performance management success story
Joy Global Achieves ROI in 9 Months with APM

Joy Global, now known as Komatsu Mining, is a leading worldwide provider of advanced equipment, systems, and direct services for the underground and surface mining industries. It partners with customers to both preserve the function of an asset long after it’s purchased as well as to help deliver the highest production rates.

A Near Miss is an Almost Accident Wabtec Digital Mine Success Story
Penoles and Digital Mine Revolutionizing the Digital Mine together

Penoles implemented a strategic vision to improve Operational Excellence. Penoles saw an opportunity to improve data processes and equipment reliability, reduce production losses, and optimize maintenance and capital expenditures.

Wabtec Digital mine Asset Performance management success story
Wabtec’s Digital Mine Improves Reliability of a Compressor at a Platinum Mine

Wabtec’s Digital Mine & Asset Performance Management powered by GE Digital helped a Platinum Mine change the future around it’s powerful but problematic air compressor. Using Digital Twin software to predict failures before they occur, the operations achieved a Return on Investment (ROI) of 166% on this compressor.

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Contact Us

Wabtec Digital Mine

SALES & SUPPORT

Wabtec Corporation
500 W. Monroe Street
Chicago, IL 60661 - USA

U.S. toll-free #
(800) 285-6545