(6a) From Diagnostics to Predictive Analytics – an Evolution in Total Asset Management
AIChE Spring Meeting and Global Congress on Process Safety
2014
2014 Spring Meeting & 10th Global Congress on Process Safety
The 26th Ethylene Producers’ Conference
Reliability and Operability of Rotating Equipment in Ethylene Plants
Monday, March 31, 2014 - 9:35am to 9:55am
From Diagnostics to Predictive Analytics – An Evolution in Total Asset Management
Asset owners of critical power generation and oil & gas production equipment are faced with the eternal challenge of increasing machinery availability and performance while reducing energy consumption and maintenance costs and ensuring that the risk of failure is eliminated. Machinery diagnostics engineers with the Bently Nevada team have decades of experience in the application of machinery protection, monitoring and diagnostics and are integral to enabling asset owners realize goals listed above. Now, they are increasingly transitioning towards helping organizations be more proactive through the application of predictive analytics enabled by similarity based modeling technologies. The result is a combination of insight and foresight into systems and processes delivering unparalleled value.
This paper presents the most successful machinery monitoring and diagnostic methodologies applied in industry today, and lays out the foundation of techniques based on predictive data models, uniquely designed for individual equipment. Advisory capabilities such as equipment health and performance threats, asset KPIs, sensor problems and data infrastructure issues as well as collaborative support from remote experts are all presented. The paper also outlines various modeling and analytics technologies and reveals the essence of the robust similarity based modeling engine embedded in SmartSignal, a platform for the future, and concludes with case studies documenting tangible results from such implementations.
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2014 Spring Meeting & 10th Global Congress on Process Safety
AIChE Pro Members | $150.00 |
AIChE Graduate Student Members | Free |
AIChE Undergraduate Student Members | Free |
AIChE Explorer Members | $225.00 |
Non-Members | $225.00 |
The 26th Ethylene Producers’ Conference only
AIChE Pro Members | $100.00 |
Fuels and Petrochemicals Division Members | Free |
AIChE Graduate Student Members | Free |
AIChE Undergraduate Student Members | Free |
AIChE Explorer Members | $150.00 |
Non-Members | $150.00 |