23 July 2021

Explore EAM Trends and Insights at Mainstream 20212307

From humble beginnings in 1996 as a gathering place for Maintenance Managers to select their first Computerized Maintenance Management System (CMMS), Mainstream Conference has come a long way in becoming a high spirited and thriving community of Enterprise Asset Management (EAM).

This year’s Mainstream Conference celebrated the spirit of community and encouraged people to break through barriers and indulge in brave conversations. Held in the month of May 2021, it was three days of amazing content, networking, knowledge-sharing, and fun, celebrating 25 years of the thriving community of technology, innovative ideas, and people that transformed the way we work.

Over the three days of the conference, several perspectives were shared covering the asset types as broad as the ancient Roman aqueducts to New Zealand’s Rugby Team. The underlined topics included the best EAM practices with a primary focus on a wide range of industries looking to discuss systems, processes, and networking. Further, the sessions at the conference touched base with the fundamentals of Enterprise Asset Management (EAM) and leveraging intelligent asset management trends such as Blockchain, advanced analytics, and Industry 2.0.

Here is a dig into the highlights.

Session 1: Asset Management Across Industries

The first session highlighted a think tank looking at asset management practices across industries. Hosted by Jon Wilson, Global CEO, SAP Digital Supply Chain, Australia and Martin Greaves, Lead Business Development, Rizing, Australia & New Zealand, the session had virtual attendees from various industries, including manufacturing, mining, aviation, utilities, and the public sector. It helped explore the following key topics.

1 People

2 Digital Leadership

3 Data Management

4 Asset Management Maturity

The hosts and attendees indulged in a discussion focusing on how to build the business case that justify improvements concerning better ways to manage critical equipment and complex assets.

All in all, this session intended to get insights and trends on the below-mentioned aspects and appreciate business with a pursuit of asset management excellence.

⦁ What is your asset maturity?

⦁ What is preventing your organization from attaining a higher maturity level?

⦁ How do you govern your master data?

⦁ How is your operational data

Further, it also aimed at helping businesses to focus on the right ways to build a business case for improvement, thereby achieving a better return on investments.

Session 2: Asset Management Across Industries

This was a live interactive session discussing the prominent rise of Industry 4.0, and available technologies like the Industrial Internet of Things (IIoT), Machine Learning, Digital Twins, and Simulation to support the process engineers in defining and monitoring data-driven asset management strategies.

Hosted by Jon Wilson, Global CEO, SAP Digital Supply Chain, Australia and Marvin, EAM Solution Architect, APAC Rizing, and Simon Lee, Global Solution Manager for Predictive Asset Insights, SAP, this session was virtually attended by people from various industries, including mining, chemical, manufacturing, utility, oil & gas, maritime, aviation, food & beverage, and the public sector.

The primary intent of this session was to discuss better ways to transform asset management practices across industries, in the realm of cost, risk, and performance. Further, the live interactive session also covered the potential of Industry 4.0 in EAM asset management and its implementation in the real work environment.

All the attendees also shared their views on Industry 4.0 and how its best practices are a value add in their existing business processes.

Key Takeaways

⦁ Industry 4.0 is replacing traditional EAM asset management practices

⦁ This will be an evolution to data gathering practices in business operations

This will help utilize data to make better decisions and enhance ROI