Invensys announces asset performance management solution
In an effort to build a link between the operations and maintenance side of plant operations, Invensys Process Systems announced Oct. 5 its new asset performance management solution designed to put both sides of the plant productivity equation together with the same information.
“I believe this is a pivotal day for Invensys Process Systems,” said president Mike Caliel. “What I think you’ll see from us is a more continuous rhythm as we build this model of asset performance management.”
Caliel said the new asset performance solution allows both operations and maintenance to operate off the same platform, and in a cooperative fashion. “In the past, asset availability was the domain of maintenance departments and asset utilization was the domain of operations,” said Caliel at the Invensys Process Systems Customer Conference in Houston. “However, maximum asset value is derived by balancing asset availability and utilization in a manner that best meets current business objectives.”
The component-level solutions will help manage field devices, such as instrument, valve and loop monitors, and system level solutions designed to manage plant alarms and process control networks.
Invensys plans a further rollout of the asset performance management system at the ISA Expo in Chicago Oct. 25 through Oct. 27. PLANT ENGINEERING magazine is one of the endorsing publications of the annual ISA Expo, which is presented by The Instrumentation, Systems and Automation Society. For more information, or to register, go to the Expo Website at www.isa.org
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey