Asset Data Optimization

Up-to-date and accurate data is critical to ensuring the safety, reliability and longevity of your assets

Managing assets can be a complex and challenging task, particularly in industries with large and diverse portfolios.

One of the most significant challenges is ensuring that asset data is up-to-date, accurate and accessible. Our data, materials and maintenance specialists can help you leverage the power of optimized asset data, ensuring the reliability and longevity of your assets, unlocking their full potential to drive growth and success.

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The 2023 Global Maintenance Manager Report

Produced by our Asset & Integrity Management specialists, this report features survey responses from hundreds of maintenance professionals from around the world as well as analysis and tips from industry experts.

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The 2023 Global Maintenance Manager Report

Optimized asset data can provide a number of benefits to organizations, such as:

Improved asset performance

Improved asset performance

Make informed decisions about maintenance and repair activities, improving the performance and lifespan of assets and resulting in increased uptime and improved efficiency.

Better risk management

Better risk management

Identify potential risks and hazards associated with assets, enabling proactive measures to be taken to mitigate these risks. This can help prevent accidents, reduce downtime, and improve safety.

Cost savings and future planning

Cost savings and future planning

Identify areas where costs can be reduced, such as by optimizing maintenance schedules or identifying assets that are nearing the end of their lifespan and need to be replaced. This can help avoid unexpected downtime and ensure the necessary resources are in place to support operations.

Improved regulatory compliance

Improved regulatory compliance

Comply with regulatory requirements, such as health and safety regulations or environmental standards. This can help prevent penalties and fines, provide evidence of compliance as well as improve organizational reputation.

Our software solutions

RFID Asset Tracking and Change Automation Software

RFID Asset Tracking and Change Automation Software

Automate change, monitor, track, and manage mobile and critical assets in real-time to cut costs and maximize productivity

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Asset Management Strategy Deployment and Optimization Software

Asset Management Strategy Deployment and Optimization Software

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Audit, Verification and Data Collection Software

Audit, Verification and Data Collection Software

Improve performance through collection and verification of key data required to manage your facility efficiently and effectively

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Maintenance Data Build and Optimization Software

Maintenance Data Build and Optimization Software

Build and implement an optimized maintenance and integrity management regime, and identify opportunities to save time and money

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Add Energy's asset integrity management and software services are now a service line within ABL

Savings of $14M on planning and efficiencies gains through enrichment of  147,000 Maintenance BoMs

Identified over $19 of unnecessary stock being held caused by poor data standards

Savings of $7M per year through optimization of annual planned maintenance work orders

Get in touch

If you’d like more information about how our services and software could help you optimize your asset data, fill in this form and a member of our team will be in touch.

Asset and Integrity Management Blog

7 ways to ensure process safety excellence during FPSO operations

21 Nov 2023

7 ways to ensure process safety excellence during FPSO operations

Floating production storage and offloading (FPSO) systems are vessels used to extract, process, store and offload oil and gas products before they're transported to refineries or directly to the market. These units have become increasingly vital in the production and processing of hydrocarbons, however, FPSOs come with their share of safety concerns as a result of their extensive operations.

5 tips for Maintenance Managers who want to reduce OPEX expenditure

18 Nov 2023

5 tips for Maintenance Managers who want to reduce OPEX expenditure

Planned maintenance (PM) is critical for equipment to function as per its design criteria. Not only will planned maintenance regimes reduce the likelihood of failure, but when it is applied correctly, at the right frequency, this maintenance can significantly reduce OPEX expenditure. 

How to optimize your maintenance with routing, sequencing and packaging

14 Nov 2023

How to optimize your maintenance with routing, sequencing and packaging

Routing, sequencing and packaging can make maintenance execution much more efficient, improving plant and system availability, maintenance team productivity as well as safety. 

Top 3 takeways from the SMRP Annual Conference

07 Nov 2023

Top 3 takeways from the SMRP Annual Conference

In October of this year, Add Energy's Asset Integrity Management division had an enriching experience, engaging with Maintenance and Reliability professionals at the SMRP Annual Conference in Orlando, Florida.

As we wrapped up our exhibitor booth, we couldn't help but notice three recurring statements that dominated conversations throughout the event. 


1. “We want to employ AI and Machine Learning into our operations”

A resounding theme throughout the conference was the growing influence of Artificial Intelligence (AI) and Machine Learning in the Maintenance and Reliability sector. The industry is progressively embracing these technologies to optimize predictive maintenance, reduce downtime, and enhance asset performance.

How to save money and reduce risk with limited budget and resources

01 Nov 2023

How to save money and reduce risk with limited budget and resources

Poor data quality and lack of completeness can have significant impacts on OPEX costs, safety and asset uptime. In relation to the financial  impacts, IBM estimates that  “bad data” costs the US economy a staggering $3.1 trillion per year. 

In almost every case of an incident on an operating asset which results in equipment downtime, production loss, personnel injuries/fatalities or environmental impacts, the cause can be linked back to an issue within the data available.

Particularly, for production assets, poor Computerized Maintenance Management System (CMMS) data can incur:

Planning and scheduling maintenance: the biggest challenges and how to solve them

10 Oct 2023

Planning and scheduling maintenance: the biggest challenges and how to solve them

Effective maintenance planning and scheduling is vitally important for every asset, because not only does it enable efficient work execution, it has a direct impact on production and safety targets as well as OPEX. Proactively planning and scheduling your maintenance can often seem impossible amid unexpected priority changes and urgent requests - or what many describe as “firefighting”.

3 fundamental processes guaranteed to unlock maintenance efficiencies and ensure plant reliability

01 Oct 2023

3 fundamental processes guaranteed to unlock maintenance efficiencies and ensure plant reliability

An operating plant is subject to significant changes throughout its lifecycle, ranging from new owners to plant upgrades, design changes and expansions. When these changes are not managed correctly this can incur exposure to safety issues, downtime and unnecessary costs. 

How RFID tracking technology can elevate inpatient hospital care, enhance safety, and reduce costs

01 Sep 2023

How RFID tracking technology can elevate inpatient hospital care, enhance safety, and reduce costs

Hospitals are complex facilities where decisions often must be made in a time-sensitive, pressurized environment. Tracking the movement and whereabouts of patients, staff, pharmaceuticals and medical equipment can become a difficult task which can influence the health outcomes of patients, overall productivity, and efficiency of hospital procedures.