Efficient Asset Performance Management solutions rely on the ability to make well-informed decisions. These decisions need to be data-driven and based on evidence.
Most critical infrastructure is inherently complex in its design and function. It must also operate efficiently without infringing on any health and safety standards and comply with industry and environmental regulations.
This is where Synengco’s software and asset performance management solutions come into play, providing you with the following outcomes:
Early Warning & Fault Detection
Get alerted to potential faults before they occur, preventing costly downtime
Scenario Modelling
Replicate your assets in a virtual environment to understand multidimensional influences
Real-time Recommendations
Via real-time data plus a comprehensive industry knowledge bank
Comprehensive Data Analysis Tools
Data analysis to support evidence-based strategic and operational decisions
Self-learning System
Combine fundamental and experimental knowledge and data with ground-breaking machine learning and AI to create a digital twin of any complex system
Rapid and Measurable Payback
Combine industry knowledge with trends and future directions to create a decision support platform for qualified and reliable outcomes
We provide these asset performance management and decision-support capabilities through the combination of:
Currently, we are achieving an output of 4 to 8 times that of engineers and data scientists for our existing customers.
What is Asset Performance Management?
Asset Performance Management focuses on asset health through monitoring and condition assessment. It allows predictions of asset failure or faults using real-time data and advanced technologies.
Effective asset performance management is achieved through a combination of asset and business data collection in conjunction with knowledge from vital stakeholders like researchers, engineers and data scientists.
We utilise models of assets and systems such as:
- Industrial plants
- Power Generation
- Buildings
- Mine operations
which are used to leverage expertise and engineering knowledge. This is supplemented by real-time data and AI technologies in order to drive well informed decisions for sustainable cost reductions and productivity improvement.
The more data and the greater the complexity of an operation, the more potential there is for asset performance improvement and decision-support. At Synengco, we specialise in large and complex operations, as well as strategic level operations (portfolios of assets).
How do we do it?
Using our machine learning and artificial intelligence platform SentientSystem®, we can provide asset owners and operators with an unparalleled asset performance management solution. SentientSystem® infuses a digital twin with machine-learning, artificial intelligence and decision-making support capabilities, to give users a superior asset management and optimisation platform.
The main drivers for operational efficiency and performance improvements come in the form of:
- Operational decision automation
Automate the small or repetitive operational decisions in order to free up your resources.
- Strategic decision support
Get evidence and data-based support for all your strategic decisions across the business and operational portfolio. These decisions can relate to a few distinct components within an asset or system, right up to the strategic level or portfolio management.
The benefits of Synengco’s asset performance management solutions are numerous, but can be summarised in a few key points. The most prominent is the flow-on effect to the rest of your workforce from automating business and operational decisions. Naturally, the exact processes and business decisions that are to be automated are case dependent. However, regardless of the specifics, you will be able to free up “high-value” employees like engineers from routine analysis and decision-making and provide them with more time to do higher-value work.
Get in contact with us
Synengco tackles a wide variety of performance and asset management challenges that our customers face. We have experience in plant commissioning, advanced control, closed-loop optimisation, and dispatch optimisation. As a member of the Asset Institute, we also consult on the broader area of asset management, such as ISO 5500x compliance, maintenance planning and life-cycle optimisation.
If you would like to hear more about how we can help you get the most out of the performance of your assets, please do not hesitate to get in touch.