SAP Intelligent Asset Management

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2021: Cloud Product Roadmap Extending SAP Intelligent Asset Management Functionality

Accenture and SAP announced on April 22, 2021 the launch of a joint initiative to develop and market a cloud product that extends the functionality of the SAP Intelligent Asset Management solution.

Accenture's industrial expertise and expertise will help companies, power, and oilgas mining metallurgical industry increase asset management capabilities and efficiency by changing their strategy TOiR from reactive maintenance to preventive maintenance. Ultimately, this will allow companies to increase operational security, minimize the impact on the environment and reduce system maintenance costs.

"Global resource-intensive companies need to rely on intelligent supply chains and accurate transaction data to optimize performance and asset management and ultimately reduce costs and downtime," said Caspar Borggreve, head of Accenture, SAP Business Group. - Accenture extends its collaboration with SAP to integrate operational processes and data into a single solution that maximizes performance from strategy to implementation. "

The SAP Intelligent Asset Management and SAP S/4HANA solutions are planned to realize all the planned opportunities, based on the SAP Business Technology Platform. With flexibility and scalability in the cloud, these solutions will collect and consolidate real-time operational data from multiple sources, including IoT and data from hardware sensors.

With advanced analytics and AI tools, companies can analyze this data and make forecasts. As a result, this will allow companies to get a full understanding of the state of production assets and form a set of recommendations for the next actions in the framework of preventive maintenance. In addition, optimize the scope of work and effort required for inspection, scheduled repair and emergency maintenance of the equipment. By increasing the level of maintenance, optimally planning such work, companies will be able to increase the level of lean production of goods and services.

"In industries where a large number of industrial assets are used, the business is trying to maximize the level of equipment performance and reduce maintenance costs without reducing the level of operational and environmental safety," said Dieter Haesslein, head of SAP S/4HANA Asset and Service Management. "I am very excited to expand our partnership with Accenture to give our customers new opportunities in the management of M & R."

In addition, Accenture and SAP plan to create a working group on innovation with customers from various industries based on their feedback, new ideas in order to create industry standards for intelligent asset management.

"The task of effective asset management is extremely relevant for the Russian market. Digitalization of production companies largely begins in order to make more balanced decisions, including finding a balance of costs, productivity and risks associated with production assets, "said Dmitry Rudenko, head of SAP practice at Accenture in Russia.

According to him, in the modern world, the management of complex production assets needs to be based on big data analysis.

"The joint work of SAP and Accenture will expand the capabilities of the technological base for digital modeling of assets (digital twins) in order to obtain an accurate online understanding of the state of equipment, modeling work taking into account the required performance and reliability parameters, operational interaction with manufacturers and operators," added Dmitry Rudenko.