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Understand asset health to avoid unplanned downtime

Asset Performance Insight, an addition to Honeywell's Connected Plant strategy, provides awareness of a wider range of assets to help industrial customers keep operations running effectively.

Plants are focusing on asset performance management to head off asset failures and prevent downtime.
Plants are focusing on asset performance management to head off asset failures and prevent downtime.

Assets don’t just die; they’re killed. So says Dan O’Brien, Honeywell’s strategy and marketing director for Honeywell Connected Plant. Operators can kill their assets by not understanding early signs of failure. “If you can head off those console alarms and shutdowns, you can improve reliability and decrease unplanned downtime,” O’Brien urges.

Honeywell Process Solutions has added a new tool to its Honeywell Connected Plant offering that allows process customers to do just that. Asset Performance Insight connects an operation’s assets and equipment to the cloud and applies analytical models from Honeywell and its partners to help customers better understand asset health to avoid unplanned downtime and unnecessary maintenance.

Though Honeywell has always had the ability to monitor the condition of the process, the new technology enables customers to connect to a wider set of assets, O’Brien told me during a conversation at ARC Industry Forum last month in Orlando, Fla. It takes the Industrial Internet of Things (IIoT) to another level.

“IIoT for years was all about connectivity. That’s all water under the bridge now,” O’Brien said, explaining, “Connectivity isn’t the issue. It’s how to use that combination of connectivity to a wider range of assets and to a wider range of operators with a better range of analytics.”

Predictive analytics is not about absolute time-bound pieces of information, O’Brien added. “It’s about using a more forward-looking way to understand the performance of the asset in context with what you’re doing with it.”
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