What Is Predictive Asset Life?

Our Predictive Asset Life application allows you to maximize the useful life across a fleet of similar assets and balance the risk of failures with proactive monitoring. Predictive models can watch over many thousands of assets simultaneously and in real-time identify the patterns and conditions that are impacting asset life and alert your technicians with proactive recommendations for action. Your engineers receive model-driven advice for the best practices to maximize asset life along with tools to rapidly learn the true causes of premature failure in the field. They can now prevent quality deviations with predictive applications.

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How it works

Continuous Learning
Connect Digital Twins
Connect Digital Twins
Train Models
Train Models
Analyze Models-Act On Insights
Analyze Models
Train Models
Deploy Models
Monitor Twins
Monitor Twins
Analyze Models-Act On Insights
Act on Insights

The Predictive Asset Life application encapsulates best practices, templates, dashboards, data sets and custom alerts, empowering your team to innovate with the power of continuous learning.

Fast Time to Market

Deploy Your Resources Efficiently

  • Knowing when an asset is likely to fail is transformational to maintenance and capital planning processes.
  • Extend the life of equipment while monitoring the risks of failure real-time.
Monitoring Services

Don't Waste Potential

  • If an asset has more to give, you should have a solution that informs you accordingly, so you can squeeze every last bit of useful life it has to offer.
  • By replacing an asset prematurely, you’re leaving money on the table. Let TwinThread’s predictive applications support your efforts in ensuring you get as much bang for your buck as possible.
Key Benefits of Predictive Quality
Dashboards Analytics
Know how much your asset has left to give

Since any given machine can be used for a variety of unique applications, the manufacturer’s rating for lifespan is really just a guideline, not a guarantee. With TwinThread’s Predictive Operations Platform normalizing your asset’s data, you will understand, with confidence, the true and accurate appraisal of that particular piece of machinery’s lifecycle.

You want to get the most out of your assets. However, you also don’t want to suffer from their unexpected failure. Predictive analysis will offer the insight needed to determine how much life is left in a machine and when you should begin to consider replacement.

With TwinThread’s predictive applications supporting your efforts, you can ride your assets as far as they can possibly take you, without going over the edge. This methodology will ensure that you accrue the most profit your assets can produce and incur the least cost from transition and shutdown.

Intelligent Alerts
Identify anomalies promptly

TwinThread’s curated data sets offer a narrative that can save your organization from dealing with critical failures. Insights into anomalies that lend themselves to failure scenarios can be identified and operationalized–affording you the time to implement corrective actions (or transition plans) and prevent unplanned downtime.

By identifying recurring anomalies in the data from asset to asset, you can optimize the operation of new assets (as they are transitioned in) at an early stage–resulting in reduced wear and tear, and an extended lifecycle.

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Plan everything better

Too early and you’re missing out on production opportunities, too late and you’re flirting with catastrophic failure. With our redictive applications mining your data, you’ll have key insight to inform your decisions on when it will be most advantageous time to service or replace your asset.

Being empowered with predictive data to accurately plan service and replacements frees up capital and time to achieve greater profits.

Explore Some of Our Industries
Energy
Heavy Equipment
Manufacturing
Get started today

Follow our simple process to get visibility in minutes, insight in hours and impactful actions in days:

  • Connect Your Data. TwinThread has out of the box connectors to hundreds of industrial data sources.
  • Create Digital Twins. TwinThread creates a digital copy of each of your assets and processes.
  • Deploy Models in real-time to gain real-time insights. Having learned from your history the model applies that learning in real time.
  • Act on Insights. Operators, engineers, and experts can learn quickly and act confidently.
  • Learn and Iterate. Quickly move from one learning opportunity to the next.

 

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Related Resources
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Case Study :: LifeWhere