#Asset Health

[cimcondigital]

Transforming Predictive Maintenance with CIMCON Digital’s IoT Edge Platform: Unlocking Proactive Asset Management

Introduction

In today’s fast-paced and technologically advanced world, the need for efficient and proactive asset management is paramount for businesses to stay competitive. CIMCON Digital’s IoT Edge Platform emerges as a game-changer in the realm of Predictive Maintenance, empowering organizations to detect anomalies in advance using ML algorithms. This capability not only enables customers to plan schedules well in advance and avoid costly downtime but also provides real-time visibility into the remaining useful life of assets. In this article, we delve into how CIMCON Digital’s IoT Edge Platform revolutionizes Predictive Maintenance with practical examples of proactive asset management.

1. The Challenge of Reactive Maintenance

Traditionally, companies have been plagued by reactive maintenance practices, where assets are repaired or replaced only after failures occur. This reactive approach leads to unexpected downtime, reduced productivity, and increased maintenance costs. Predicting asset failures and planning maintenance schedules in advance is critical to ensure smooth operations, optimize resource allocation, and minimize overall downtime.

2. Empowering Proactive Maintenance with ML Algorithms

CIMCON Digital’s IoT Edge Platform is equipped with advanced Machine Learning algorithms that analyze real-time data from connected assets and machines. By continuously monitoring sensor data and historical performance trends, the platform can accurately detect anomalies and deviations from normal operating patterns. This proactive approach allows businesses to predict potential asset failures well in advance, providing ample time to schedule maintenance activities before any critical failures occur.

3. Planning Ahead to Avoid Downtime

Imagine a scenario in a manufacturing facility where a critical piece of equipment experiences an unexpected failure. The consequences could be disastrous, leading to costly downtime and missed production targets. With CIMCON Digital’s IoT Edge Platform in place, the same equipment would be continuously monitored in real-time. As soon as the platform detects any unusual behavior or signs of potential failure, it triggers an alert to the maintenance team.

Armed with this early warning, the maintenance team can plan the necessary repairs or replacements well in advance, avoiding unplanned downtime and minimizing disruption to production schedules. This capability not only ensures smooth operations but also optimizes maintenance resources and lowers the overall maintenance costs.

4. Real-Time Visibility into Asset Health

The IoT Edge Platform goes beyond detecting anomalies; it also provides real-time insights into the remaining useful life of assets. By analyzing historical performance data and asset health indicators, the platform estimates the remaining operational life of an asset with high accuracy.

Consider a scenario in a utility company managing a fleet of aging turbines. The maintenance team needs to know the remaining useful life of each turbine to plan proactive maintenance and avoid sudden breakdowns. With CIMCON Digital’s IoT Edge Platform, the team can access real-time information on the health of each turbine, enabling them to make data-driven decisions about maintenance schedules, parts replacement, and resource allocation.

5. Benefits of CIMCON Digital's IoT Edge Platform

CIMCON Digital’s IoT Edge Platform offers a host of benefits to businesses seeking to enhance their Predictive Maintenance capabilities:

a) Proactive Decision-making: By detecting anomalies in advance, the platform enables proactive decision-making, reducing reactive responses and enhancing overall operational efficiency.

b) Minimized Downtime: With the ability to schedule maintenance activities in advance, businesses can avoid costly downtime, leading to increased productivity and higher customer satisfaction.

c) Optimal Resource Allocation: The platform’s real-time visibility into asset health allows for better resource allocation, ensuring that maintenance efforts are targeted where they are most needed.

d) Cost Savings: By avoiding unexpected failures and optimizing maintenance schedules, businesses can significantly reduce maintenance costs and improve their bottom line.

Conclusion:

CIMCON Digital’s IoT Edge Platform empowers businesses to transcend traditional reactive maintenance practices and embrace a proactive approach to asset management. With the platform’s advanced ML algorithms, businesses can detect anomalies in advance, plan maintenance schedules proactively, and gain real-time visibility into asset health. This transformative capability results in minimized downtime, optimized resource allocation, and substantial cost savings. As CIMCON Digital’s IoT Edge Platform continues to revolutionize Predictive Maintenance, businesses can embark on a journey towards greater efficiency, productivity, and long-term sustainability.

[maximoesolution]

Insights on Asset Health with IBM Maximo

IBM Maximo Asset Health Insights on Cloud is a cutting-edge solution designed to facilitate efficient monitoring and optimization of asset performance. By harnessing data from a variety of sources such as sensors and maintenance records, this solution calculates precise asset health scores and detects potential failures.

[blue-rose-soul]

@proshipper-on-ship replied:

The man felt a tiny amount of guilt after killing Alastor's mother (forgive me I can't spell worth a damn) so he took Alastor in afterwards, though he didn't do much "raising" aside from making sure Alastor had food at least once a day and a roof over his head even if it might've been just a shed near a dog kennel, and often still kept getting drunk and ordering Alastor around, calling Alastor a busboy or something like that for when he wants something fetched

You, my friend, are a genius.

Alastor decides to play the long game, doing everything this bastard asks of him. He's quiet. He's polite. He's obedient. Bit by bit, he endears himself to the man, never complaining even when the old bastard becomes drunk and belligerent and violent. Alastor just smiles and takes it all in stride.

Years pass. Over time, Alastor charms his way out of the shed and into a proper bedroom. The man didn't have any children (illness and bad luck) and his wife left to take care of her ailing sister some years past and never returned. So it's just Alastor and Nicaise's murderer in the house, along with the staff.

Not too hard to convince the old bastard to put him in the will. Unofficially adopting him.

Alastor is sixteen when he slips the poison into his captor's drink.

He watches the man choke and sputter, clutching his throat, reaching for a bell to call the servants. Alastor calmly moves the bell out of arm's reach and watches the light slowly fade from his eyes.

Once the old bastard is cold Alastor gets up and heads off to bed.

He's awoken by the sound of the servant screaming in the morning.

[mansorus]

VULTURE BANDZ - 49 ⚜️

[drekkavac-moving]

anya has OCD (obsessive compulsive disorder) & given her life as a spy , they rely on repetition , & routines in just about every aspect of her life. from the way she makes her bed & folds her clothes ... to the way she makes her coffee , there's little details everywhere that if not done properly ... she won't eat , drink , or engage in.

she wakes up everyday at the same time.

it doesn't matter when they went to bed , they will always wake up at 4am in the morning. being raised in a militaristic fashion , waking up at a certain time was not a negotiation. she uses this time to work out. she'll box for a bit , & then go for a very long run. she likes running , it helps her clear her head. she likes going on runs with her dad , but otherwise she prefers to run alone.

her bed must be made a specific way.

during her time in project legacy , everything had to be done up to code. beds were made a specific way especially , corners being tucked with a specific technique that she will compulsively do , to the degree of unmaking and remaking the bed if her partner or someone else does it wrong. pictures must be set a very specific way , or she'll redo them.

her bathroom toiletries are all meticulously placed.

everything has home , & everything must live in it's home. anya gets flustered when things aren't where they should be , & will act out angrily at times. she'd good about making sure people know not to touch anything. so if they do after that than it's on her. (if you've been in her home , which is a big if ... the first words out of their mouth are 'don't touch anything.')

tea & coffee only get made by her ... no exceptions.

there's a couple reasons for this. one , is because this was one of the first things she did for herself on her own. she liked the taste of coffee , & given the constant being on the move with their family ... coffee & tea became a very needed thing for them. she's super picky about taste , so she won't drink anything made by anything else. (yes , this includes her dad.) if she's on a date with you , & you decide to take her to a coffee house or a tea house , she'll likely just have a water.

in conclusion ... for someone who enjoys anarchal movements & bringing down the established government ... she's got a few parts of her life that she can't help but obsess over being done a certain way. she doesn't see a need for it to stop either , so she hasn't sought out medication or treatment to help her with it.

[charmre]

Not me going from D&D immediately onto LinkedIn/into emails bc I had to accept a classmate's whatever they're called "linkedin friend request" or whatever 😭😭😭

(As always, thank you for the great session @somethingwithabeard!!!!)

[flockoff]

Through the power of friendship (roommates kind and powerful), I now have all of the DMC 5 beans. I am free. They sit next to my computer like the chorus of a greek play its great.

[dubioushonour]

Truly I have the upmost respect for people who have an idea for something and can stick with it, because my brain is always on a loop of *thinking about story stuff* *thinking about DIFFERENT story stuff* *thinking about DIFFERENT story stuff* *thinking about DIFFERENT story stuff* *thinking about DIFFERENT story stuff*

[lilalbatross]

.

[frogeyedape]

The essential workers without whom our country will grind to a halt live with CEOs who don't care that CEO profit necessitates harm & death to workers. Is fear only for us peons? Is it illegal to scare a billionaire with the realization that 99% of people think there's no good reason to be a billionaire?

[productiveandfree]

What is a Partnership Insolvency?

If you’re currently in a partnership, whether an LLP or a general partnership, you may be facing a time of financial distress. Should your organization decline to a certain state of financial ill health, you may find that you have to navigate some kind of insolvency proceedings.

This can be quite confusing, especially in the context of a complex legal arrangement such as a partnership. Let’s explore what partnership insolvencies might look like, how you can reach out for help, and which options might be available to you.

Partnership insolvency

Partnership insolvency refers to a kind of business structure - a partnership - navigating insolvency - a state of financial distress where debts exceed income and assets. It doesn’t refer to a single kind of insolvency proceedings, and there will often be a range of different options available, depending on the kind of partnership in question, how serious the debts are, and how various stakeholders (especially creditors) are able to agree on which route to take going forward.

When will a partnership insolvency occur?

A partnership insolvency will occur when a partnership reaches a certain state of financial ill-health. This can be due to a wide range of reasons, from bad financial management to unlucky market conditions.

Essentially, what will have happened is that debts will have started to grow, due to the partnership’s financial performance not meeting its targets. This might have been something that the partnership realized all along, or it could be something that suddenly creeps up.

How to navigate a partnership insolvency

If you find yourself facing a partnership insolvency, there are a number of steps you’ll need to take to navigate the situation.

Can the partnership be saved?

Your partnership will hopefully still have several different options open to it in terms of how it wants to proceed. For example, general partnerships may be able to enter into administration, go into a voluntary arrangement, or be forced into liquidation. Obviously, some of these options will be far more attractive than others, and it’s important that you choose one wisely if that choice is still open to make.

Find an insolvency practitioner

Legally and practically speaking, it’s impossible to navigate insolvency proceedings without professional help. You’ll need to find an insolvency practitioner from somewhere like Chamberlain & Co, both for initial advice on how you should proceed and, later on, to potentially take the reins of your organization while things are being sorted out.

Consider your options

Whether or not you are able to save your partnership from dissolution depends on a number of factors. These include the size of your debts, the willingness of creditors to wait for you to rebuild your business, and the realistic probability that your business can return to a profitable state.

Navigating insolvency is a stressful process, but if you take the right approach, you can maximize your chances of success. Act quickly, get help from an experienced insolvency practitioner, and hopefully, you’ll be able to achieve a result that you’re happy with.

Share in the comments below: Questions go here

[maximoesolution]

Insights on Asset Health with IBM Maximo

IBM Maximo Asset Health Insights on Cloud is a cutting-edge solution designed to facilitate efficient monitoring and optimization of asset performance. By harnessing data from a variety of sources such as sensors and maintenance records, this solution calculates precise asset health scores and detects potential failures.

[mansorus]

Sometimes I just gotta say what’s on my mind

[sapphia]

USA please listen to me: the price of “teaching them a lesson” is too high. take it from New Zealand, who voted our Labour government out in the last election because they weren’t doing exactly what we wanted and got facism instead.

Trans rights are being attacked, public transport has been defunded, tax cuts issued for the wealthy, they've mass-defunded public services, cut and attacked the disability funding model, cut benefits, diverted transport funding to roads, cut all recent public transport subsidies, cancelled massive important infrastructure projects like damns and ferries (we are three ISLANDS), fast tracked mining, oil, and other massive environmentally detrimental projects and gave the power the to approve these projects singularly to three ministers who have been wined and dined by lobbyists of the companies that have put the bids in to approve them while one of the main minister infers he will not prioritise the protection of endangered species like the archeys frog over mining projects that do massive environmental harm. They have attacked indigenous rights in an attempt to negate the Treaty of Waitangi by “redefining it”; as a backup, they are also trying to remove all mentions of the treaty from legislation starting with our Child Protection laws no longer requiring social workers to consider the importance of Maori children’s culture when placing those children; when the Waitangi Tribunal who oversees indigenous matters sought to enquire about this, the Minister for Children blocked their enquiry in a breach of comity that was condemned in a ruling — too late to do anything — by our Supreme Court. They have repealed labour protections around pay and 90 day trials, reversed our smoking ban, cancelled our EV subsidy, cancelled our water infrastructure scheme that would have given Maori iwi a say in water asset management, cancelled our biggest city’s fuel tax, made our treasury and inland revenue departments less accountable, dispensed of our Productivity Commission, begun work on charter schools and military boot camps in an obvious push towards privatisation, cancelled grants for first home buyers, reduced access to emergency housing, allowed no cause evictions, cancelled our Maori health system that would have given Maori control over their own public medical care and funding, cut funding of services like budgeting advice and food banks, cancelled the consumer advocacy council, cancelled our medicine regulations, repealed free prescriptions, deferred multiple hospital builds, failed to deliver on pre-election medical promises, reversed a gun ban created in response to the mosque shootings, brought back three strikes = life sentence policy, increased minimum wage by half the recommended amount, cancelled fair pay for disabled workers, reduced wheelchair services, reversed our oil and gas exploration ban, cancelled our climate emergency fund, cut science research funding including climate research, removed limits on killing sea lions, cut funding for the climate change commission, weakened our methane targets, cancelled Significant National Areas protections, have begun reversing our ban on live exports. Much of this was passed under urgency.

It’s been six months.

[wickedzeevyln]

The Lightbulbs That We Are

We are fanatics of superlatives; the biggest , the brightest, the fastest, and the list ever goes on. We obsess over parts that we mount to our machines, taking pride and calibrating them to perfection. Our lives scream with mélange of useless litter that we flaunt until the eyes of our friends are polluted with envy. Expensive upgrades, but we often neglect an important part of this…