What is the state of the art in asset reliability? Consider a typical production plant. The human machine interface (HMI) graphics flash like a stoplight: red, yellow, and green. Performance values consistently fluctuate up and down. The data is real-time and it is highly dynamic – professionals equate it to a plant’s vital signs. All the while operators monitor the HMI waiting for indications of an excursion, and maintenance staff tend to their calendar-based maintenance schedules in an effort to ward off failure. Condition-based tools monitor the few attributes that are readily correlated. With uptime synonymous with profit, this inefficient and risky approach belies the technological advances and industry’s investments in improving asset reliability.
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