SAP Introduces Intelligent Asset Management
Finance Press Release

SAP Introduces Intelligent Asset Management

SAP has introduced SAP Intelligent Asset Management, a set of solutions bringing collaborative asset intelligence, planning, prediction and simulation to equipment maintenance and operations.

The announcement was part of MaintCon 2018, the Middle East Maintenance, Reliability and Asset Management conference recently held in Bahrain.

Assets and equipment today are using the Internet of Things (IoT) to communicate. They are embedded in technologies that allow customers to manage them in an entirely new way. SAP is adding intelligent capabilities to help manufacturers and asset operators maximize productivity, improve operational safety and reduce maintenance costs through better planning.

“Industrial managers know that it’s no longer sufficient to be reactive when it comes to managing assets. Consequently, companies need a collection of technologies to support new services and to substantially reduce unplanned equipment downtime,” said Greg Gorbach, vice president of ARC Advisory Group. “Sensor-enabled equipment, digital twins, a common data set and machine learning–based predictive capabilities are all required. An intelligent approach is therefore to deploy integrated technologies and enable collaboration among networked stakeholders who can access shared data in support of common business goals.”

Five clouds with a central foundation

SAP Intelligent Asset Management solutions comprise five cloud offerings that share a common central asset data foundation. They enable full digital representation of physical objects. This includes real-time sensor data for end-to-end visibility and real-time insight across the operating landscape of connected assets.

SAP Intelligent Asset Management takes advantage of SAP Leonardo technologies, such as IoT and machine learning, to deliver sensor-enabled insights, automation and predictive maintenance. It uses digital twin technology for simulations, 3D visualizations and predictive engineering insights. SAP Intelligent Asset Management solutions complement S/4 Hana and ERP solutions.

The integrated set of solutions includes capabilities for centralized asset intelligence, condition monitoring, and also mobile asset management. With SAP Intelligent Asset Management, manufacturers and asset operators can:

  • Adopt new collaborative business models to grow revenue streams
  • Offer customers value-added digital services, such as value packages, premium services, firmware updates and specialized asset-specific applications
  • Plan asset maintenance strategically. They can considere factors such as risk, reliability and impact, and adopt reliability-centered maintenance processes for best performance at lowest cost
  • Allow remote access to mobile-enabled maintenance processes and asset intelligence networks for easy and timely execution of asset management tasks

“We are delivering intelligent technologies to help our customers define, plan, execute and monitor optimal service and maintenance strategies to drive smarter decisions, improve reliability and also reduce outages,” said Hala Zeine, president of SAP Digital Supply Chain at SAP. “SAP Intelligent Asset Management helps our customers connect digitally with a single data set across all assets. Consequently, they can perfect reality from design to operation.”


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