“Asset-intensive industries are seeking to get better at strategic asset management – understanding within the context of market conditions and regulations the best strategy for designing, installing, operating, and maintaining assets,” says Jill Feblowitz, vice president of utilities and oil & gas at IDC Energy Insights.
“There are a whole host of technologies now available on the market to support these efforts, including instrumentation and communications networks, predictive analytics, simulation, optimization, and mobility,” explains Feblowitz. “We also expect to see accelerators having an impact in the near future, such as 3D printing of spare parts; cognitive computing for root-cause analysis and maintenance approach; and natural interfaces, whether embedded in the equipment, in wearable computers, or in the training environment. The challenge for operations and maintenance, together with IT, is to assemble and integrate these technologies in the most cost-effective ways.”