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The Reliable Plant Conference is an esteemed gathering of maintenance and reliability professionals from various industries, focused on sharing knowledge and best practices for achieving operational excellence. Among the notable participants is UpKeep, a leading provider of computerized maintenance management system (CMMS) software. UpKeep's Founder and CEO, Ryan Chan, will be taking the stage to present a captivating talk titled "The Eight Pillars of Asset Operations Management." This eagerly anticipated session is scheduled to be held on Thursday, August 3, 2023, from 8:00 am to 8:50 am in Curacao room 1-2.

Ryan Chan: Leading the Way in Asset Operations Management

Ryan Chan, an esteemed industry expert and visionary leader, has been instrumental in revolutionizing the asset management landscape. As the driving force behind UpKeep, he has successfully spearheaded the development of cutting-edge CMMS solutions, empowering businesses worldwide to optimize their maintenance operations and enhance overall asset performance.

The Eight Pillars of Asset Operations Management

In his highly anticipated presentation, Ryan Chan will shed light on the essential pillars that underpin effective asset operations management. With his wealth of experience and deep understanding of the industry, he will share invaluable insights and strategies to help organizations achieve optimal asset performance, minimize downtime, and maximize productivity. The Eight Pillars of Asset Operations Management, as outlined by Ryan Chan, are as follows:

1. MAINTENANCE, RELIABILITY, AND OPERATIONS MUST OPERATE TOGETHER AND BE ALIGNED ON ACHIEVING A COMMON GOAL

Asset Operations is a unified view of everything—assets, teams, schedules, devices—all creating data and insights that can be easily consumed and analyzed. Success is measured by business outcomes, not how many hours you worked. 

2. DATA NEEDS TO FLOW INTO A SINGLE REPOSITORY

As one team, previously isolated data can now feed into a central command center. This streamlined data gives teams the ability to focus on the optimization of assets across the entire life cycle. A centralized command center also acts as a dynamic knowledge base—a source of truth across fragmented resources, eliminating information silos and connecting teams across departments and locations. 

3. MEASURE TEAMS BASED ON WHY THEY DO SOMETHING RATHER THAN WHAT THEY DO

Asset Operations combines both cost and revenue data and brings it to the forefront, so leaders can look past what teams are doing and instead their impact. It changes the conversation from, “How many hours did you work today?” to, “This is the value you’ve added to the business today.”

4. RELENTLESSLY COLLECT THE RIGHT DATA, DISPLAY THE BEST INSIGHTS, AND PROVIDE ACTIONABLE FEEDBACK THROUGH A CENTRALIZED COMMAND CENTER

The next generation of maintenance will come from collecting the right data, displaying the best insights, and providing actionable feedback. There are four key ingredients:

1. Passive data collection

2. Active data collection

3. Predictive models and algorithms

4. Workflow engine

5. ASSET OPERATIONS IS AN ABUNDANT LIFE CYCLE, NOT JUST A POINT IN TIME

Asset Operations is purpose-built to bring together maintenance, operations, and reliability data to make important business decisions, with full visibility across the entire life cycle of maintenance, asset management, and operations. 

6. YOU CAN ONLY IMPROVE WHAT YOU MEASURE

The Asset Operations data collected across different channels synthesizes to show insights: performance, efficiency, cost savings, revenue generation, and more. This data can also be used to make future mission-critical decisions related to maintenance and enterprise asset management programs. 

Teams can easily create comprehensive reports, build their own dashboards, and leverage all the data the team generates to gain essential insights. 

Identifying maintenance trends. Working with IoT, ERP, and EAM data. Convenient and immediate assistance with a conversational omnichannel experience. Real-time monitoring. Achieving the full useful life of assets. Unlocking technicians’ productivity and moving work forward faster. It’s all possible with Asset Operations. 

7. DILIGENTLY MEASURE THE EFFICIENCY OF YOUR ASSETS

Every company wants to improve the bottom line as much as possible. So, why do companies work so independently to achieve this? Asset Operations brings departments together to better execute preventive maintenance programs, reducing equipment downtime and achieving the full useful life of assets.

8. MAINTENANCE, RELIABILITY, AND OPERATIONS CAN BE A REVENUE DRIVER, NOT A COST CENTER

Asset Operations bridges the gap between maintenance, reliability, and operations, helping these team leaders earn a seat at the revenue table.

UpKeep's CEO Ryan Chan's presentation on "The Eight Pillars of Asset Operations Management" promises to be a highlight of the Reliable Plant Conference. Attendees can look forward to gaining valuable insights into optimizing maintenance operations, improving asset performance, and driving operational excellence. With Ryan Chan's expertise and UpKeep's innovative CMMS solutions, organizations will be empowered to enhance their asset operations management practices and achieve their operational goals with confidence.