ABB augments Asset Performance Management solution with prognostic capabilities

Integration of advanced, automated analytics capabilities enables customers to im-prove operational efficiency with potential for significant savings.

Muscat, Sultanate of Oman-Thursday 31 October 2019 [ AETOS Wire ]

ABB’s industry-leading Ellipse® Asset Performance Management (APM) solution (part of the company’s Digital Enterprise portfolio) has been enriched with strengthened prognostic capabilities. The new functionality enables customers to more accurately forecast when their critical assets are likely to fail and model alternative planning pathways. The new prognostic capabilities are a result of ABB’s acquisition of the software company, Cassantec.

The advanced software analytics have been integrated into the ABB Ability™ Digital Enterprise portfolio and deliver value to ABB’s industrial customers spanning the power, transportation, telecommunications, natural-resources sectors and other asset-intensive industries.   

Accurate forecasting of equipment failure and modeling alternative planning pathways

The enhanced prognostic functionality has been gained through the integration of recently acquired software firm Cassantec’s analytics within the Digital Enterprise portfolio. New features include condition-based prognostic horizons and risk profiles alongside simulation capabilities that extends an operator’s monitoring and diagnostic capabilities into the future - from fleet level all the way to individual assets.

This industry-leading functionality drives business value by minimizing downtime and avoiding asset failure, reducing maintenance and operational costs. In addition, the prognostics functions deliver scenario analysis functionality over explicit future time horizons, greatly enhancing a company’s ability to optimize asset maintenance and replacement plans.

“By embedding Cassantec’s powerful prognostics into our industry-leading Ellipse® APM product, part of the company’s Digital Enterprise, we are strengthening the value proposition we offer to our customers as their partner of choice as they embark on their digitization journey,” said Massimo Danieli, head of ABB’s grid automation business line in the company’s Power Grids business. “By deepening and expanding analytical insight into asset performance and optimization, our APM solution drives even more value for our customers from the board room to the field.”

Cassantec software: proven track record in delivering millions of euros of cost savings

Cassantec’s field-proven technology accurately predicted 99 percent of equipment malfunctions with a time horizon of as long as 5 years, and that this accuracy rate increases over time through the data-driven machine-learning capabilities of its software. For client operators of fossil-fueled power plants, for example, Cassantec can provide annual savings of millions of euros per gigawatt of generation capacity. In addition to improving commercial strategies and reputation, an additional benefit of the prognostics is in retaining expert knowledge as the global industrial workforce matures.

Employees of Cassantec, based in Berlin and Zurich, joined ABB’s Enterprise Software product group within its Power Grids business beginning in the third quarter of 2019.

ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com


Contacts

ABB Power Grids
Head of Communications
Roland Sladek
Phone: +41 43 317 71 11
Email: roland.sladek@ch.abb.com

 

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

 

 





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Top officials of ABB in the Middle East region along with other stakeholders during a media interaction held in Muscat, Oman (Photo: AETOSWire)

Top officials of ABB in the Middle East region along with other stakeholders during a media interaction held in Muscat, Oman (Photo: AETOSWire)

Permalink : https://www.aetoswire.com/news/abb-augments-asset-performance-management-solution-with-prognostic-capabilities/en