Improve decision-making with quick access to trusted information
"Once a perception that data quality is poor has been established, it can be very difficult perception to correct."
Ref. IAM Institute / Asset Information, Strategy, Standards and Data Management SSG
“The cost of poor asset information equates to 1.5% of sales revenue per year”
Ref. NIST Study / SAP-Centric EAM
"Businesses with poor asset information management processes are found have total business expenditures up to 5% higher."
Ref. IAM Institute Asset Information
Across all industries, the fabrication, maintenance, and operation of complex assets requires accurate information. It is common, however, to see information stored in a variety of different formats in unconnected repositories, often with teams dispersed across various global locations. This results in data silos and a severe lack of transparency, efficiency, and trust within organizations, creating obstacles such as:
- Finding relevant and complete information
- Lack of information standards
- Maintaining regulatory compliance and safe operations
AVEVA Asset Information Management turns data from multiple information sources and systems into trusted actionable insights, identifying and cross-referencing all the relationships between equipment, documents, drawings, and various data formats.
It accelerates information discovery and links distributed teams to a common data asset via one unique application, deployed in the cloud, on-premise, or both with a hybrid approach. The solution facilitates better decision-making based on data to optimize project schedules, operational performance, and safety while reducing risk.
AVEVA Asset Information Management
The right information, when and where you need it
3 Minutes
Or less to find actionable asset information
2 Months
To deploy across full business unit with cloud solution
10%
Increased staff productivity
30%
Or more reduction in unplanned downtime
Asset Information Management Point Cloud Demo
Business values
A centralized project management center
Get a full view of the entire project, empowering teams to:
- Manage vast quantities of information and save up to 60% of the time spent searching and validating information
- Assess information quality and avoiding up to 10% of construction errors attributed to inconsistencies
- Control project schedule and cost
Progressive handover
Turn traditional handover into an incremental flow of approved data for operations throughout the project to:
- Improve information sharing to avert delays and handover costs of up to 4.2% of CAPEX
- Enforce information requirements for operation, eliminating errors and inconsistent or missing information
- Trust in project data for operation, saving money and time
Enhanced asset performance
Combine navigable visualizations of equipment with real-time data and analytics to:
- Maintain an up-to-date digital twin with the ability to assess data quality, manage changes, and enforce information standards
- Virtually inspect asset health and see how the business is operating in real time
- Find relevant and complete information in three minutes or less, avoiding unplanned downtime
Improved safety and regulatory compliance
With easy access to a trusted digital representation of the actual as-operating state of the asset, it’s easy to recall documents and critical data. Companies can respond more quickly to incidents, helping ensure safety, demonstrate regulatory compliance, and avoid fines and penalties.
Asset information management in the cloud
Get the benefits of an information management solution without the overhead of installation, deployment, version control, and hardware maintenance.
AVEVA Asset Information Management can be deployed as private cloud service through AVEVA Connect, allowing organizations to quickly and securely share critical information with employees and trusted partners.
Cloud offers commercial flexibility with various subscription approaches. The company’s IT burden is also reduced because AVEVA provides the necessary computing infrastructure, backup, updates, security, and performance.
Key features
Universal access to the Digital Twin
AVEVA Asset Information Management is an agnostic solution, capable of ingesting data in various formats from multiple systems. It provides a complete cross-reference index with links to and associations between all items in the Digital Twin.
Data quality assessment
Through its aggregation of project and asset data, AVEVA Asset Information Management can report on the quality, consistency, and completeness of data, improving compliance and enabling efficient handover operations.
Automatic information discovery
Our solution automatically extracts and maintains tag-to-tag, tag-to-document, and document-to-document relationships to provide efficient navigation of the Digital Twin and aid information discovery.
High-quality visualization
AVEVA Asset Information Management delivers high-quality, web-based visualization of tag data, documents, drawings, 3D models, and laser scans. The automatic creation of hotspots and hyperlinks provide additional intelligence for the easy identification and navigation of tags.
3D Model Visualization
2D Visualization - Hotspotted P&ID
See what we have done for your peers
Petroleum Development Oman
Petroleum Development Oman (PDO) realized 5% time savings after implementing AVEVA NET—the equivalent of 10,000 worker days or 50 skilled employees. By implementing asset visualization and democratizing access to critical data, PDO not only increased its efficiency, but also saw a significant return on investment.
Damodar Valley Corporation
AVEVA solutions allow India’s Damodar Valley Corporation to digitize, reduce downtime, and streamline all processes into an easy-to-use format.
Shanghai Laogang Project
During the design, construction, and delivery of the world’s largest waste-to-energy plant, the Shanghai Laogang Project relied on AVEVA software to facilitate collaboration, reduce project costs, and avoid more than 200 construction clashes.
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