NMW 2002: Invensys forms Asset Management Solutions Group

Chicago, Ill. - Invensys used the National Manufacturing Week forum to announce formation of Avantis Asset Management Solutions group and introduce its enterprise asset management (EAM) solution.

04/01/2002


Chicago, Ill. - Invensys used the National Manufacturing Week forum to announce formation of Avantis Asset Management Solutions group and introduce its enterprise asset management (EAM) solution. This EAM solution combines integration to real-time process information, embedded predictive capabilities, and a rapid deployment methodology.

'Avantis addresses what we consider to be the foundation of the entire value chain. Avantis transforms plant floor data into asset intelligence available throughout the enterprise,' said Michael Madrazo, vp and general manager of Avantis Asset Management Solutions. 'This asset intelligence empowers people at all levels of the organization to make strategic and operational decisions quickly and with confidence. In a high-speed world, this is what our customers need to maintain a competitive edge and maximize their return on assets.'

The new solution family augments Avantis EAM software with Avantis.CM (condition monitoring) predictive technology and Avantis.DMM (dynamic maintenance management). This latter product automatically gathers real-time data from a control system or intelligent device, coordinating it into a common database where Avantis.CM analyzes the data to detect asset degeneration. Based on predefined decision criteria, Avantis automatically loads pending failure conditions to the maintenance system.

Control Engineering Daily News Desk
Gary A. Mintchell, senior editor
gmintchell@cahners.com





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