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+971 6 5741933 info@aiegroup.org * HSEQ * Customer Satisfaction * About Us * Careers * Contact us MENU * Products * Why Veracity Software? AIE considers the majority of existing integrity management programs to be inefficient, expensive and reactive. We promote a modern, proactive and holistic strategy for managing our clients' assets. Introducing Veracity Suite » * Veracity APM * Veracity Watchkeeping * Veracity CCM * Veracity Inspection * Veracity RBI * Veracity Pipeline * Veracity EMS * Veracity RCM * Veracity App * Veracity Wells * Veracity Anomaly Introducing Veracity Suite » LEARN MORE » Veracity APM Launch Veracity APM empowers enterprises worldwide to unlock the full potential of their digital journey. Watch Video * Services * Asset Integrity AIE delivers an established range of innovative and risk based asset integrity services to the Oil and Gas, Power Generation and Mining industries. Learn more » * Mechanical Integrity * Maintenance & Reliability * Data Services * HSE & Sustainability * Advisory * Risk Based Inspection * Corrosion & Flow Assurance Management * Structural Integrity Services * Pipeline Integrity Management * Well & Subsurface Integrity Services * Marine Integrity Services * Engineering Assessment, Analysis & Design * Maintenance & Reliability * Maintenance Gap Assessment * Master Equipment List Development * Equipment Criticality & Analysis * Maintenance Strategy Development * Maintenance Optimisation * Spares Optimisation * Reliability Engineering * Data Science * End-to-End Bespoke Solutions * IIOT and Advanced Analytics * Data Management & Migration * HSE Services * Sustainability Services * Feasibility Studies * Energy Optimisation Review * Methane Emissions Detection & Reduction * Operationalising Sustainability * Due Diligence & Compliance * Sustainability in Industry Training * Environmental Impact Assessment * Due Diligence & Asset Transfer Advisory * Independent Technical Support * Asset Integrity & Operational Gap Assessment * CoP & Decommissioning LEARN MORE » About Us Our integrity techniques are international code compliant and practiced across a range of geographical locations. * Services * Asset Integrity * Mechanical Integrity * Risk Based Inspection * Corrosion & Flow Assurance Management * Structural Integrity Services * Pipeline Integrity Management * Well & Subsurface Integrity Services * Marine Integrity Services * Engineering Assessment, Analysis & Design * Maintenance & Reliability * Maintenance & Reliability * Maintenance Gap Assessment * Master Equipment List Development * Equipment Criticality & Analysis * Maintenance Strategy Development * Maintenance Optimisation * Spares Optimisation * Reliability Engineering * Data Services * Data Science * End-to-End Bespoke Solutions * IIOT and Advanced Analytics * Data Management & Migration * HSE & Sustainability * HSE Services * Sustainability Services * Feasibility Studies * Energy Optimisation Review * Methane Emissions Detection & Reduction * Operationalising Sustainability * Due Diligence & Compliance * Sustainability in Industry Training * Environmental Impact Assessment * Advisory * Due Diligence & Asset Transfer Advisory * Independent Technical Support * Asset Integrity & Operational Gap Assessment * Decommissioning * Industries * Maximize your operations We provide solutions for a wide range of industries and tailor our services to each client's needs. Learn more » Oil, Gas & Chemicals Maximising safe operations, enhanced by AIE's proprietary digital solutions allows us to deliver exceptional results globally across the value chain. Learn more » Metals & Mining Unearth the full potential of your mining operations with AIE, we use digital technologies and functional expertise to deliver exceptional results. Learn more » Renewables Navigating the energy transition often involves overcoming conventional challenges in unconventional applications. We deliver the solutions to support that journey. Learn more » Power & Utilities The industry is ageing, rapidly evolving and under increased scrutiny, at AIE we assist in navigating this challenging landscape with sustainability at the hear of what we do. Learn more » VIEW OUR VIDEOS » About Us As the industry undergoes a digital transformation, we embody this change in every aspect of our business. * Training * Our Training Services AIE's talented and experienced trainers deliver comprehensive asset integrity training to operations integrity, maintenance, corrosion, engineering and HSE teams servicing all sectors of various industries such as Oil and Gas, Chemicals, Power and Renewables, Metals and Mining. Learn more » Training Services Our training courses are delivered via an online platform, in a classroom setting, or via our AIE Academy. Learn more » AIE Academy Our AIE Academy offers multiple training pathways that are geared towards the personnel level and area of expertise. Learn more » Classroom Courses Our classroom training sessions offer hands-on, interactive learning experiences guided by our industry expert trainers. Learn more » Online Courses Our online training sessions can be completed from the comfort of your home or office, at a time that suits you. Learn more » MY ACCOUNT My account Login to access and view your online training courses Log in My account * Resources * Our Resources View all our blogs, case studies and more. Learn more » Brochures Download our brochures to learn about our services and software. Learn more » Videos Get a glimpse of AIE by watching our latest videos. Learn more » Case Studies Find out more about how we are helping our global clients. Learn more » Blogs View our latest news stories, industry trends and archived articles. Learn more » DOWNLOAD » Corporate Brochure 2023 Explore AIE's range of services and software solutions. Download our brochure. * About * * HSEQ * Customer Satisfaction * About Us * Careers * Contact Us Request a demo * * Request a demo * * SEARCH * FILTER BY CATEGORY * All Categories * About Us (7) * Asset Integrity Management (18) * Blogs (476) * Careers (20) * Corrosion Management (11) * Industries (6) * Legal (4) * Maintenance and Reliability (4) * Maintenance System Build (1) * Resources (5) * Services (39) * Software (13) * Sustainability In Industry (11) * Training (61) * Veracity Tutorials (3) * Well Integrity Management (10) * OUR NEWS From across our global network * * News EQUIPMENT CRITICALITY IN THE DIGITAL AGE: HARNESSING DATA FOR DECISION-MAKING 20 Mar In the realm of industrial operations and asset management, the reliability and performance of equipment are paramount. Equipment failures can lead to costly downtime, production losses, and safety hazards. To address these challenges, organisations often turn to Equipment Criticality Assessment (ECA), a systematic process that prioritises assets based on their importance to overall operations, facilitating effective resource allocation and maintenance planning. Leveraging AI and Data Science in Equipment Criticality Assessment: In today’s digital age, the integration of AI and data science enhances the Equipment Criticality Assessment process. By understanding the distribution and relationships within the dataset, data scientists can identify patterns and trends that are crucial for assessing equipment criticality. These insights serve as the foundation for developing predictive models that estimate the criticality of assets based on their historical data. In this process, established thresholds play a key role in categorising assets into high, medium, and low criticality levels. Data science techniques, including machine learning algorithms, are applied to build models that predict the criticality of assets, taking into account various factors such as failure rates, maintenance costs, and operational impacts. At AIE, the integration of AI and data science into the Equipment Criticality Assessment process propels proactive asset management. The predictive prowess of data models enables the anticipation of potential issues, empowering preventive measures and substantially reducing the occurrence of unexpected failures. Moreover, the insights derived from analytics contribute significantly to the optimisation of maintenance strategies. This optimisation, informed by real-time monitoring, ensures a finely tuned allocation of resources, maximising efficiency and enhancing overall operational resilience. The marriage of AI and data science not only refines criticality assessments but also lays the foundation for a future where assets are managed with foresight and precision. Optimisation and Improvement Results: Our thorough Equipment Criticality Assessment has enabled: 1. Optimised Maintenance Scheduling: Our in-depth Equipment Criticality Assessment played a pivotal role in revolutionising our client’s maintenance practices. By targeting maintenance planning on high critical assets, we are able to ensure maintenance efforts are precisely tailored to uphold their optimal performance and reliability. This strategic focus not only extends the lifespan of our high criticality assets but also contributes significantly to our overall operational resilience. We are able to embrace a proactive maintenance approach that has proven instrumental in minimising our client’s downtime and averting unexpected failures for their most critical assets. We have proven track record of supporting clients reduce the unplanned downtime of most critical assets by 25% 2. Optimised Inventory Strategy for Low Criticality Assets: Implementing a nuanced strategy for lowest criticality assets, we adopted a “run-to-failure” maintenance approach. This strategic decision has not only streamlined our clients inventory management but also resulted in substantial cost savings for them. By minimising unnecessary costs associated with pre-emptive maintenance for low criticality assets, we have achieved a more cost-effective and sustainable inventory strategy for our clients. AIE has supported clients achieve a 30% reduction in non-critical spares holdings. 3. Enhanced Reliability models through Watchkeeping: The integration of digital operational surveillance, known as Watchkeeping, through the use of digital tablets has emerged as a transformative outcome of our Equipment Criticality Assessment. This innovative approach facilitates real-time monitoring, delivering unparalleled insights into the condition and performance of our client’s assets. With watchkeeping in operation, teams responsible for operational and maintenance surveillance can promptly address emerging issues, ensuring proactive intervention to minimise potential disruptions. The daily data gathered through watchkeeping acts as a valuable resource, providing a continuous stream of information that, when integrated with our data science models, contributes to the refinement and optimisation of the Equipment Criticality Assessment outcomes. This iterative process enhances the accuracy and effectiveness of our assessment model, allowing for dynamic adjustments based on real-world operational insights. AIE’s Industry-Leading Equipment Criticality Assessment: At Asset Integrity Engineering (AIE), our commitment to operational excellence is exemplified through our industry leading ECA service. Globally recognised, we leverage world-class subject matter experts and cutting-edge in-house software, combining data science and AI to deliver unparalleled insights. Our innovative approach has optimised maintenance costs for clients by up to 35%, demonstrating a harmonious blend of expertise and technology. From offshore assets to onshore mines and nuclear power plants, our ECA service prioritises maintenance activities based on criticality, empowering clients to reduce downtime, minimise unexpected failures, and enhance overall operational reliability. As industries evolve in the digital age, AIE remains at the forefront, creating a future where every asset is optimised for success through our pioneering Equipment Criticality Assessment service. Click here to know more about our Equipment Criticality Assessment service. -------------------------------------------------------------------------------- Previous Post « SIGN UP FOR OUR MAINTENANCE & RELIABILITY TRAINING COURSE TODAY Next Post HAPPY EASTER FROM AIE » Back to archive Share Twitter Facebook Linkedin -------------------------------------------------------------------------------- RECENT ARTICLES: READ MORE » 04 Apr AIE HOSTS IFTAR GATHERING Honouring the spirit of Ramadan, AIE hosted a heartwarming iftar gathering for our Dubai... READ MORE » 31 Mar HAPPY EASTER FROM AIE We, at AIE, extend warm Easter wishes to you! Wishing you all joy, hope, and... READ MORE » 22 Apr UNLOCKING SYNERGIES WITH VERACITY: INTEGRATED DATA GATHERING AND ANALYTICS FOR OPERATIONAL EXCELLENCE In the pursuit of operational excellence, our integrated veracity solution stands out as a strategic... 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