Condition Monitoring and Asset Management for Reducing Industrial Risk - Boris Volavicius, Metso

This presentation shows how Industry 4.0 tools and techniques can reduce risks and total cost of ownership. The focus is on leveraging real-time data from industrial control systems, together with asset management approaches and in-depth vendor knowledge. Attendees will see practical examples from process industries.

KEY TAKEAWAYS

  • Data from industrial customers shows a big opportunity to improve.
  • Real-time condition monitoring improves stability, predictability, and reduces human operator error.
  • Asset Management tools and techniques ensure process reliability by improving both Mean Time Between Failures and Mean Time to Repair.
  • Industry 4.0 approach combines vendor knowledge and client expertise with up-to-the minute information about asset status, performance, and inventory.

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