Unlocking Operational Efficiency: The Power of Asset Performance Analysis



The industrial sector is constantly evolving, and organizations are increasingly seeking ways to enhance their operational efficiency and asset performance. This drive for efficiency has led to the integration of advanced technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML), into Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM) products. These integrations enable organizations to analyze asset performance in real-time, predict equipment failures, and take proactive measures to optimize maintenance processes.

In this article, we will explore the impact of digital transformations on industrial operations and how they are shaping the future of the sector. We will delve into case studies that highlight successful integrations of advanced technologies into CMMS and EAM systems, showcasing the benefits of real-time data retrieval and predictive maintenance. Additionally, we will discuss emerging trends in the industry, such as the convergence of IT and OT, containerization technology, cloud-native IT tools, and the importance of cybersecurity. By understanding these trends and leveraging innovative solutions like Makini, organizations can enhance their operational efficiency, improve asset performance, and stay competitive in the rapidly evolving industrial landscape.

1. Understanding Asset Performance in the Industrial Sector

Asset performance evaluation constitutes a critical aspect of industrial operations, underpinning operational efficiency. This systematic appraisal of an organization's physical assets, assessing their current status, functional capacity, and overall worth to the organization, is a comprehensive analysis that facilitates proactive issue identification, equipment failure prediction, and preventive maintenance scheduling. Moreover, it elucidates how assets can be managed more effectively to amplify overall operational efficiency.

Consider the case of the globally recognized technology company, Honeywell. Known for a wide array of industry solutions, including asset performance, Honeywell's Forge platform offers performance analytics, control, optimization, and energy management solutions across diverse industries. This platform exemplifies the transformative power of digitalization in enhancing asset performance, offering an assortment of tools, from cybersecurity to advanced process control.

Honeywell's strategy is far from unique. For instance, Georgia Pacific, a manufacturer of paper and pulp products, harnesses Amazon Web Services (AWS) to enhance its production processes and profit margins. Despite challenges such as frequent tears and breaks in the paper manufacturing process, which caused downtime and financial losses, Georgia Pacific successfully navigated these obstacles by implementing an advanced analytics approach using AWS.

The utilization of AWS services like Amazon Sagemaker, Amazon Kinesis, Amazon Simple Storage Service (S3), and Amazon Elastic MapReduce (EMR) enabled Georgia Pacific to gather and scrutinize vast amounts of data from various sources. This data-centric approach yielded predictive insights that helped avert asset failure and curtail unplanned downtime. Consequently, the company was able to fine-tune its production processes and maximize plant resources, leading to significant cost savings, increased profits, and improved overall production yields.

Georgia Pacific's case underscores the power of technology in augmenting operational efficiency. By employing advanced analytics and machine learning, the company could predict and prevent equipment failure, reduce waste, and fine-tune its production processes. This led to a decrease in tears and breaks in its converting process, a reduction in waste associated with the chipping process, and an overall increase in production yields.

The industrial sector's systematic evaluation of asset performance is undeniably crucial. It delivers invaluable insights into the condition, performance, and value of physical assets, empowering organizations to manage their assets more effectively and boost overall operational efficiency. Whether through platforms like Honeywell Forge or services like AWS, organizations can leverage technology to optimize their operations, reduce costs, and enhance their asset performance.

In this context, the importance of asset performance analysis cannot be overstated. By scrutinizing the performance of assets, firms can identify areas for improvement, optimize maintenance schedules, and minimize downtime. This analysis aids in pinpointing underperforming assets, predicting failures, and initiating proactive measures to prevent them. Furthermore, it assists in optimizing asset utilization, reducing energy consumption, and enhancing overall operational efficiency. By leveraging asset performance analysis, organizations can make data-driven decisions, reduce costs, and enhance productivity.

One potential method to systematically evaluate physical assets in the industrial sector is through the use of an inventory optimization tool. This tool aids companies in effectively managing and assessing their assets by providing real-time insights into inventory levels, supply chain performance, and demand forecasting. By leveraging data analytics and machine learning algorithms, companies can make informed decisions about their assets, identify areas for improvement, and optimize their inventory management processes. In addition, integrating such tools with warehouse management systems, like Oracle Fusion Cloud, can further enhance asset evaluation capabilities in the industrial sector.

2. The Role of CMMS and EAM Products in Enhancing Asset Performance

The substantial impact of Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM) products on asset performance is undeniable. They serve as a consolidated platform for managing and tracking assets throughout their lifecycle, from scheduling preventive maintenance to handling work orders and asset tracking. As a result, these systems form the core of maintaining optimal asset performance.

Take Pratt & Whitney, a pioneering aircraft engine manufacturer, as an example. They utilized eMaint CMMS to elevate their maintenance procedures, manage inventory, and, importantly, maximize uptime. This implementation resulted in a remarkable $100,000 savings on a single project.

This achievement was made possible by harnessing the insights and experience of machine operators. Pratt & Whitney was able to enhance response times, evaluate maintenance needs, and conduct daily walk arounds (DWAs). eMaint CMMS played a pivotal role in this process by enabling the maintenance team to adopt best practices from eMaint University.

Furthermore, the CMMS aided in effective inventory management, allowing the company to ensure equipment uptime and reduce lead times for crucial spare parts. The system's reporting and dashboard features yielded valuable insights that helped track part usage and life expectancy, optimize preventive maintenance schedules, and pinpoint the root causes of downtime. This led to a "best in class" performance for preventive maintenance closeout percentage, setting a new benchmark for future plants.

In the cybersecurity sector, solutions like Axonius, a cybersecurity asset management, and SaaS management platform, provide solutions for compliance policy enforcement, cyber asset attack surface management, and cyber asset inventory software management. By integrating with various tools, Axonius offers a comprehensive understanding of assets, enabling security teams to identify vulnerabilities, uncover coverage gaps, and ensure secure environments.

For instance, Cimpress, a multinational organization with 12,000 employees, employed Axonius to manage and secure assets across its 11 distinct businesses. Before Axonius, Cimpress faced issues with asset visibility, coverage gaps, and manual data collection. However, Axonius automated asset discovery and created a clean inventory, which resulted in double EDR coverage and reduced incident response time.

Integrating platforms like Makini can offer a universal API for streamlined data management, leading to improved asset performance analysis and ultimately enhancing operational efficiency. To integrate Makini with CMMS and EAM products, it's recommended to follow some best practices such as defining integration objectives, understanding data requirements, standardizing data formats, establishing data governance, implementing data validation checks, leveraging APIs for integration, testing and validating the integration, and providing user training and support.

Successful integrations between Makini and CMMS/EAM systems have been reported, allowing companies to connect their maintenance management systems with Makini's platform seamlessly. This integration enables them to streamline their operations and enhance overall efficiency. Furthermore, Makini supports efficient integration with CMMS/EAM systems, allowing real-time data access and analysis, automating workflows, and improving asset management.

Whether it's enhancing aircraft engine manufacturing or cybersecurity, the significance of CMMS and EAM products in boosting asset performance is profound.

3. Key Takeaways: How Proper Integration Boosts Operational Efficiency

The integration of advanced maintenance management systems, such as Computerized Maintenance Management System (CMMS) and Enterprise Asset Management (EAM) software, with robust platforms like Makini, can significantly enhance operational efficiency.

Makini, equipped with a universal API, simplifies the management of diverse data structures, authorization protocols, and data transformations. This key feature of Makini reduces the complexity of managing multiple systems, ensuring efficient data management.

One of the biggest advantages of this streamlined data management is the ability to retrieve and analyze data in real-time. This capability enables organizations to make informed decisions promptly, enhancing operational efficiency and improving asset performance.

Take, for example, The Alamitos Group, a retail franchise chain. They managed to eliminate paper storage fees and implemented scanning solutions using PaperStream NX Manager and the FI-7300NX scanner. By processing around 40,100 documents per day at each location, they were spending $5,000 monthly on paper storage costs. However, the solution allowed them to save money on shipping, storage, and retrieval fees. They now have instant access to their digitized documents, showcasing how real-time data retrieval can lead to significant cost savings and efficiency improvements.

Likewise, the Rotherham NHS Foundation Trust implemented Meditech's emergency department management solution to improve integration and interoperability with their Meditech EPR. This implementation led to smoother care transitions, improved revenue, and quicker insights for the trust's urgent and emergency care center, demonstrating how streamlined data management can enhance operational efficiency and asset performance.

It's clear that integrating CMMS and EAM systems with platforms like Makini, which offers a universal API, can lead to significant improvements in operational efficiency and asset performance. By ensuring efficient data management and enabling real-time data retrieval and analysis, organizations can make faster, informed decisions, enhancing operational efficiency and asset performance.

When these systems are further integrated with Makini, organizations can streamline maintenance processes, improve asset management, and enhance overall operational efficiency. It allows for seamless data exchange between the CMMS/EAM systems and Makini, providing real-time visibility into asset performance, maintenance schedules, and work orders. This integration can help organizations optimize maintenance activities, reduce downtime, and make more informed decisions regarding asset management.

Furthermore, operational efficiency can be improved by leveraging Makini's integrations with Oracle Fusion Cloud Warehouse Management and Infor WMS. These integrations can help automate warehouse management processes, allowing for better inventory control, optimized order fulfillment, and improved overall operational efficiency. By seamlessly connecting Makini with these warehouse management systems, businesses can benefit from real-time data synchronization, enhanced visibility into inventory levels, and more efficient order processing and fulfillment.

Finally, the Makini platform offers integrations with various systems, such as Oracle Fusion Cloud Warehouse Management and Plex Systems. By utilizing Makini's Universal API, users can easily manage and transfer data between different systems, ensuring a seamless and efficient data management process.

4. Leveraging Universal API for Streamlined Data Management

The power of real-time data retrieval in an industrial setting is a game-changer, and this is where Makini's universal API comes into play. This universal API is versatile, adaptable, and serves as a conduit for the smooth integration of industrial maintenance and asset management systems. Moreover, the level of integration it offers requires minimal coding, making it accessible to developers across different skill levels.

The universal API puts the transformative power of real-time asset performance data at your fingertips. Not only does it eradicate the need for laborious manual data collection, but it also guarantees that the data utilized for making informed decisions is up-to-date and accurate.

Just like Looker's API, the universal API empowers developers to accomplish a broad spectrum of tasks ranging from user creation to report generation with a few lines of code. It offers a similar degree of functionality as MongoDB's Atlas Data API, which also provides HTTPS-based data access and a plethora of advanced features. A case in point is the integration of the Atlas Data API with a Google Sheets spreadsheet via Google Apps Script, adding an extra layer of convenience and functionality.

The universal API also encompasses advanced features like authentication and custom endpoints, akin to the offerings of the Atlas Data API. It provides rule-based access control, enabling users to regulate data access based on specific rules or criteria.

The universal API's flexibility shines through its compatibility with various technologies and platforms. It can be paired with Remix, a JavaScript web framework, to spawn next-gen web applications or with Deno, a modern runtime for JavaScript and TypeScript, to create highly interactive and dynamic applications.

Substantial evidence of the successful integration of the Makini API is documented in the form of case studies on the Makini website. These case studies detail various integrations, including those with Oracle Fusion Cloud Warehouse Management and SnapFulfil, and illustrate how businesses have utilized the API to meet their integration objectives.

In essence, Makini's universal API is a comprehensive solution for integrating industrial systems, enabling real-time data retrieval and analysis. This efficient process not only economizes time but also assures precise and current asset performance analysis, a vital component for operational efficiency.

5. Rapid Industrial Integrations: A Path to Improved Asset Performance

The landscape of the industrial sector has seen a dramatic evolution towards prompt integration offerings. A case in point is the Volkswagen Group, which has demonstrated how these solutions can significantly boost asset performance. The establishment of the Volkswagen Industrial Cloud on Amazon Web Services (AWS) has been a game-changer. This cloud-based solution, linking data from machinery, plants, and systems across over 120 global factory sites, has brought about a revolution in its automotive manufacturing and logistics processes.

The Volkswagen Industrial Cloud has set ambitious targets, aiming to enhance productivity by 30%, cut factory costs by 30%, and save an impressive €1 billion in supply chain costs. This strategy allows organizations to swiftly adapt to changes and make necessary alterations to their operations. Volkswagen Group's reach now extends beyond manufacturing to areas such as ridesharing services, connected vehicles, and immersive virtual car shopping experiences.

For instance, Volkswagen Caminhões e Ônibus, a division of the Volkswagen Group, deployed SAP S/4HANA on AWS. This move simplified its enterprise resource planning (ERP) system by leveraging the scalability and reliability of AWS's infrastructure. Volkswagen also launched its digital production platform (DPP) within the Volkswagen Industrial Cloud to revolutionize manufacturing and logistics processes.

The rapid integration process of Volkswagen, together with real-time data retrieval, allows for a timely analysis of asset performance. This leads to improved operational efficiency and reduced order touch time. A prime example is Scania, a transportation company under the Volkswagen Group, which scaled its connected vehicle solution using AWS. By migrating its servers from on-premises to AWS, Scania was able to scale its infrastructure to handle the growing amount of messaging data from its vehicles.

Similarly, Moia, a ridesharing service under the Volkswagen Group, uses AWS IoT Greengrass to easily scale and apply insights from collected data. VW Credit Inc. also leveraged AWS serverless technology to build an Alexa skill, which streamlined customer service and reduced access time for account information.

An emerging solution that mirrors this approach is Makini, a platform that offers a comprehensive system for analyzing asset performance through real-time data retrieval. With Makini, users can access up-to-date information about their assets and analyze their performance promptly. This facilitates the identification of potential issues or bottlenecks, enabling proactive maintenance and optimization efforts.

Makini's integrations can seamlessly connect with various warehouse management systems, such as Oracle Fusion Cloud Warehouse Management and Manhattan Associates Warehouse Management IBM, among others. By integrating with these systems, Makini enables businesses to optimize their warehouse operations and achieve better asset performance.

The integration of these rapid industrial solutions has led to efficient order processing, increased visibility into demand forecasts, improved operational efficiency, and reduced order touch time. The trend of rapid industrial integrations, as seen with Volkswagen and Makini, is indeed a pathway to improved asset performance, and organizations worldwide are beginning to recognize its potential.

6. Case Study: Real-Time Data Retrieval and Its Impact on Operational Excellence

Laredo Petroleum Inc., an independent energy company with a focus on the acquisition, exploration, and development of oil and natural gas properties, embarked on a transformative journey to operational excellence. This was spurred by the challenges they faced with their legacy on-premises data and analytics infrastructure, which was causing data silos and obstructing real-time decision-making - critical for their operations in the Permian Basin of West Texas, where they oversee 1,302 wells.

Their journey began with a strategic move to migrate their architecture to Amazon Web Services (AWS), a decision that resulted in the creation of a serverless data lake. This innovative solution offered improved resiliency, scalability, and cost optimization. Centralized data access was now a reality, enabling real-time monitoring of their wells and swift, data-driven decision-making.

The advantages of real-time data retrieval in industrial maintenance were quickly realized in their operations. The ability to monitor equipment performance and detect anomalies as they happened enabled proactive maintenance, optimizing asset performance and reducing downtime. Swift identification of issues and immediate action became the norm, leading to better decision-making. More so, the ability to optimize maintenance schedules based on real-time data minimized disruptions to operations.

The impact of these changes was both immediate and significant. Laredo leveraged AWS Lake Formation to simplify the setup of a secure data lake and AWS Glue to build metadata and capture data governance attributes. They could now access their data through Amazon Athena, an interactive query service. They further deployed machine learning and analytical solutions using AWS Step Functions and Amazon SageMaker, fine-tuning their serverless architecture.

The result was impressive. In the first year alone, Laredo saved $100,000 by migrating to the serverless infrastructure. But the benefits did not stop at cost savings. The company saw a monthly net gain of nearly $60,000 and significant improvements in operational efficiency and asset performance. They were now able to respond quickly to emergencies and prevent adverse well events in real-time.

In addition to the operational benefits, Laredo also saw a reduction in its environmental impact by minimizing flaring and venting of natural gas, contributing to sustainability in the energy sector. Looking to the future, Laredo plans to expand its data lake infrastructure to other teams and analyze historical data using additional AWS services, continuing its journey to operational excellence.

The integration of a robust data integration platform, such as Makini, can further enhance operational efficiency. By integrating various systems and data sources, real-time data becomes readily available for analysis and decision-making. This can help streamline processes, optimize resource allocation, and enable proactive decision-making based on up-to-date information. Organizations can also consider implementing advanced analytics and visualization tools to gain actionable insights from the real-time data, further enhancing operational efficiency. By leveraging the capabilities of Makini and CMMS, industrial operators can enhance their operational efficiency and overall performance. This integration also provides better visibility into maintenance operations, allowing organizations to make data-driven decisions and optimize resource allocation.

7. Future Trends: How Digital Transformations are Shaping Industrial Operations

Digital technologies are reshaping industrial operations, with the integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML) into Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM) products. This integration promotes an advanced analysis of asset performance, setting the stage for predictive maintenance—a proactive approach that uses technology to forecast potential equipment failures, allowing for preventative measures before operational disruption occurs.

The 2022 SPS—Smart Production Solutions fair in Nürnberg, Germany, served as a global showcase for the convergence of Information Technology (IT) and Operational Technology (OT). This fusion drives significant improvements in manufacturing. Key trends identified at the fair included the use of containerization technology at the edge, integration of IT and OT tools, and the adoption of cloud-native IT tools, demonstrating the increasing acceptance of open-source Kubernetes connected to the cloud.

The fair also highlighted the importance of cybersecurity, with Zscaler demonstrating its "zero trust" security principle for OT environments, emphasizing the necessity for robust security measures as digital transformations continue to evolve.

Implementing predictive maintenance using digital technologies requires a systematic approach. Some best practices to consider include data collection, data analysis, predictive models development, integration, continuous monitoring, maintenance planning, and training and collaboration.

By collecting data from various sources such as sensors, equipment logs, and maintenance records, and analyzing it using advanced analytics techniques like machine learning and artificial intelligence, patterns, anomalies, and potential failure points can be identified. Predictive models are then developed based on the analyzed data to anticipate equipment failures and recommend proactive maintenance actions.

These models are integrated with existing systems like EAM or CMMS to ensure seamless data flow and enable timely action. A real-time monitoring system is implemented for constant data collection and alerts when anomalies or potential failures are detected, allowing for immediate action and reduced downtime.

The insights gained from predictive maintenance are used to optimize maintenance planning, improving overall operational efficiency. Training is provided to maintenance teams on how to interpret and act upon the insights provided by the predictive maintenance system. Collaboration is fostered between data scientists, maintenance technicians, and equipment operators to maximize the effectiveness of the solution.

Digital transformations in industrial operations have led to increased efficiency, improved productivity, and enhanced customer experiences. By leveraging technologies like advanced analytics, automation, IoT, and AI, organizations have optimized their supply chain management, streamlined production processes, and enhanced overall operational efficiency.

Successful case studies of digital transformations in industrial operations include companies in various industries such as manufacturing, logistics, and energy. These case studies illustrate how organizations have embraced digital technologies to optimize their operations, reduce costs, and increase their competitive advantage.

Looking to the future, platforms like Makini are set to play a crucial role in integrating these rapidly advancing technologies, shaping the future of industrial operations. The accelerated adoption of these technological advancements is streamlining industrial operations and opening up new revenue opportunities, marking a significant shift towards a future defined by digital transformation.

In the wake of these developments, staying informed and adapting to these emerging trends will be crucial for manufacturers to remain competitive. As the manufacturing industry continues to embrace digital transformations, the focus will be on harnessing these technologies to drive efficiency, productivity, and ultimately, operational excellence.


The integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML) into Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM) products is revolutionizing industrial operations. By analyzing asset performance in real-time and predicting equipment failures, organizations can take proactive measures to optimize maintenance processes and enhance operational efficiency. Successful case studies, such as Honeywell's Forge platform and Georgia Pacific's use of Amazon Web Services (AWS), demonstrate the significant benefits of these integrations, including cost savings, increased profits, and improved production yields.

The impact of digital transformations on industrial operations is far-reaching. Trends such as the convergence of IT and OT, containerization technology, cloud-native IT tools, and cybersecurity are shaping the future of the sector. By understanding these trends and leveraging innovative solutions like Makini, organizations can enhance their operational efficiency, improve asset performance, and stay competitive in the rapidly evolving industrial landscape. It is essential for organizations to embrace these advancements and adopt best practices for integrating advanced technologies into their CMMS and EAM systems to unlock the full potential of digital transformations.

Learn how Makini’s Unified API can help you build 100+ product integrations with ease by scheduling a demo with one of our integration experts.

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