Failure Mode Analytics (FMA) with SAP Intelligent Asset Management (IAM)

SAP Intelligent Asset Management (SAP IAM) is a suite of cloud solutions from SAP in the Enterprise Asset Management space, that promises to deliver a holistic 360-degree view of assets across the supply chain.

It builds on SAP’s strong expertise in operational asset management and adds intelligence and collaboration to it using the latest technologies like IoT, predictive analytics, mobile, networks, etc.

SAP Enterprise Asset Management customers generally have a huge volume of historical data about their assets stored in their SAP systems. Yet, they lack insight into the top causes of an asset failure. One of the reasons for this is much of the data is stored in an unstructured format in the form of ‘long-texts’. These texts can be at times multilingual, especially for global companies.

The diagram below illustrates how Failure Mode Analytics powered by SAP Intelligent Asset Management can help address the problem mentioned above.

In the event of a breakdown or a functional failure of equipment, a Maintenance Technician is tasked to restore the equipment to its working condition. The maintenance technician documents the findings of the problem and the causes in the corrective maintenance notification’s long text field. The notification long-text is updated via various sources throughout the life cycle of the notification. Over a period, a lot of valuable information about the equipment is stored in the notification long-texts. For a lot of businesses this information is lost and not properly analysed, losing valuable insights.