FEATURE
INGENIEUR
FEATURE
INGENIEUR
Smart Total Asset Management : The Rise of Intelligent Machines
By Ir . Dr Megat Zuhairy bin Megat Tajuddin Sr . Dr Khairil Hizar bin Md Khuzaimah
At the heart of STAM lies a system of integrated computing devices and smart mechanical and digital machines
As the world is witnessing an immense upsurge of value-laden technologies and emerging physical-digital convergence which together contribute to unprecedented rapid development cycles , conventional silo and manual operations in the project domain are getting more streamlined and orchestrated . As Industrial Revolution 4.0 ( IR4.0 ) continues to radically reshape business processes , innovative automation solutions for enterprise asset management are increasingly adopted for better control of just-in-time processes , zero-defect delivery , and enhanced productivity . As machines become more intelligent and widely utilised , organisations are achieving the next level of highly advanced technology adoption and process automation , which will help pave the way to true digital transformation in asset management , Smart Total Asset Management .
Smart Total Asset Management
Smart Total Asset Management ( STAM ) enables organisations to unleash the power of interconnected devices and autonomous data-driven decision-making , providing real-time visibility and actionable insights to achieve performance excellence . It delivers comprehensive and dataintensive technical and financial processes that are combined with the facility design information , scheduling and operation data , to systematise the available information , automatically analyse it , and optimise the decision-making processes related to total asset investment , operation , maintenance , and replacement options .
At the heart of STAM lies a system of integrated computing devices and smart mechanical and digital machines which are fuelled by the advancement of scientific and technological
44 VOL 94 APRIL-JUNE 2023