Product News: ABB brings AI to asset performance management

ABB has strengthened its existing digital offerings with the launch of ABB Ability Genix Asset Performance Management (APM) Suite for condition monitoring, predictive maintenance and 360-degree asset performance insights for the process, utility and transportation industries, the company announced. The Genix APM Suite enables users to add asset condition monitoring to existing operational technology (OT) landscapes, enables prioritization of maintenance activities based on AI-informed predictions, and provides a comprehensive overview of asset performance. Genix APM Suite also empowers significant improvements in operational sustainability, per ABB. By assessing the remaining useful life of industrial assets, Genix APM generates a plan for preventive maintenance, which can extend equipment uptime by as much as 50 percent and increase asset life by up to 40%, they claim. “Poor asset availability and reliability is a major problem that results in unplanned downtime and unexpected maintenance costs, and also impedes strategic planning and procurement,” said Rajesh Ramachandran, chief digital officer at ABB Process Automation. “It’s not that industrial customers lack data; it’s that many lack effective ways to use their data to improve operational and business performance.”