CENTRALISING ASSET DATA MANAGEMENT IN THE PROCESS INDUSTRY

CEA software can track, manage and visualise all integrated data sources The process industry is waking up to the heightened importance data plays in reducing costs, maximising the value of assets, and increasing the competitive advantage in the market. As the industry continues to grow, so do the number of assets and the data associated with them. Managing asset data improves the possibility to make data driven decisions and be in full control of asset performance and movement. Over the years, there has been an increased shift towards centralising data management. More organisations are initiating this digital transformation journey to optimise their asset data and alleviate any possible risks and lags in projects.   ASSET DATA IN SILOS The process industry is well known to be a straggler in this transformation. Managing asset data was done in a more passive manner, where working on asset data reliability and accessibility was left to when it was needed the most. Sometimes, asset data are too outdated and misaligned that they must be recreated. Working this way not only elongates the time spent on asset data management but can also be very costly. What is the cause?...