ABB augments Asset Performance Management solution with prognostic capabilities
Integration of advanced, automated analytics capabilities enables customers to improve operational efficiency with potential for significant savings.
ABB’s industry-leading Ellipse® Asset Performance Management (APM) solution (part of the company’s Digital Enterprise portfolio) has been enriched with strengthened prognostic capabilities. The new functionality enables customers to more accurately forecast when their critical assets are likely to fail and model alternative planning pathways. The new prognostic capabilities are a result of ABB’s acquisition of the software company, Cassantec.
The advanced software analytics have been integrated into the ABB Ability™ Digital Enterprise portfolio and deliver value to ABB’s industrial customers spanning the power, transportation, telecommunications, natural-resources sectors and other asset-intensive industries.
Accurate forecasting of equipment failure and modeling alternative planning pathways
The enhanced prognostic functionality has been gained through the integration of recently acquired software firm Cassantec’s analytics within the Digital Enterprise portfolio. New features include condition-based prognostic horizons and risk profiles alongside simulation capabilities that extends an operator’s monitoring and diagnostic capabilities into the future - from fleet level all the way to individual assets.
This industry-leading functionality drives business value by minimizing downtime and avoiding asset failure, reducing maintenance and operational costs. In addition, the prognostics functions deliver scenario analysis functionality over explicit future time horizons, greatly enhancing a company’s ability to optimize asset maintenance and replacement plans.
“By embedding Cassantec’s powerful prognostics into our industry-leading Ellipse® APM product, part of the company’s Digital Enterprise, we are strengthening the value proposition we offer to our customers as their partner of choice as they embark on their digitization journey,” said Massimo Danieli, head of ABB’s grid automation business line in the company’s Power Grids business. “By deepening and expanding analytical insight into asset performance and optimization, our APM solution drives even more value for our customers from the board room to the field.”
Cassantec software: proven track record in delivering millions of euros of cost savings
Cassantec’s field-proven technology accurately predicted 99 percent of equipment malfunctions with a time horizon of as long as 5 years, and that this accuracy rate increases over time through the data-driven machine-learning capabilities of its software. For client operators of fossil-fueled power plants, for example, Cassantec can provide annual savings of millions of euros per gigawatt of generation capacity. In addition to improving commercial strategies and reputation, an additional benefit of the prognostics is in retaining expert knowledge as the global industrial workforce matures.
Employees of Cassantec, based in Berlin and Zurich, joined ABB’s Enterprise Software product group within its Power Grids business beginning in the third quarter of 2019.
ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees.
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ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 136,000 employees. www.abb.com