Jul 13, 2021

SAP Whitepaper: Advantages of Intelligent Assets

SAP
SmartManufacturing
IntelligentAssets
industry4.0
2 min
SAP Intelligent Assets
Discover what constitutes an Intelligent Asset, and how they reduce overheads and mitigate disruption in our whitepaper on SAP’s Industry 4.0 strategy

A core pillar in SAP’s Industry 4.0 strategy, Intelligent Assets equip organisations to reduce downtime, empower employees and increase efficiencies across industrial equipment and manufacturing units.  

In a whitepaper produced in partnership between SAP and BizClik Media Group, Rachel Romanoski, Solutions Manager, Digital Assets, SAP, dispels some of the myths surrounding asset intelligent, and shares insight into how even small investment in asset intelligence can pay dividends in minimising cost leakage and realising an asset’s potential. 

As with all innovations, the ceiling for Intelligent Assets is as high as an organisation can dream, afford and implement. But Romanoski says that just a little intelligence can go a long way: “Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology. They can be super advanced, such as leveraging physics-based engineering simulations to forecast potential failures, and help mitigate them. But it could be as simple as a temperature reading. You can pull a lot of simple information from most equipment, and by enhancing that data through ancillary solutions and digital capabilities, you can create that Intelligent Asset.” 


One of the most immediate benefits is reducing or, in some cases, eliminating unplanned downtime. Equipment failure is one of the most common causes of disruption and can cause chaos throughout the supply chain. 

“The true power of the Intelligent Asset is in changing the basic, reactive emergency work or time-based, planned maintenance and being more prescriptive and tailored to that specific asset and use case,” Romanoski says. “Ultimately, you can reduce the unplanned events that often carry a big price tag.” 

"Oftentimes people think Intelligent Assets need to be the latest and greatest cutting-edge technology... But it could be as simple as a temperature reading"

Other financial benefits include stemming cost leakage and “sweating assets” to the full potential.  “Maybe you can consider the lifecycle of the asset and understand whether you can push it a little bit further,” Romanoski explains. “It might be that the best course of action for a low-cost item is to run it to failure. Having this information that we collect over time empowers those people to make those better decisions, but also has a trickle down effect to building resiliency and efficiency into the entire supply chain.” 

To read the full report, including insight from Intelligent Assets, Intelligent Factories, Empowered People, and exclusive insight from Dominik Metzger, the lead on SAP’s Industry 4.0 programme, CLICK HERE.

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Jul 9, 2021

SAP Whitepaper: The Power of Intelligent Products

SAP
IntelligentProducts
SmartManufacturing
industry4.0
2 min
Intelligent Products
Explore the benefits to manufacturing efficiency, innovation and customer experience in our whitepaper on SAP’s Industry 4.0 Intelligent Products strategy

Intelligent Products is a core pillar in SAP’s Industry 4.0 strategy, harnessing data and emerging manufacturing technology to produce goods with enhance benefits for both businesses and consumers. 

In a whitepaper produced in partnership between SAP and BizClik Media Group, SAP’s Keith Zobott, Global Vice President of Digital Products and Projects, discusses the underlying concepts behind these custom and connected products. 

The whitepaper explores what is driving the move towards products that are intelligent and customisable, how they empower manufacturers to drive new efficiencies and innovation, and how SAP is guiding businesses through their transformation. 

“We know that consumers now expect every product they buy to be delivered their way: in their colours and with their chosen combination of capabilities,” Zobott says. 

“We already see the need for Intelligent Products in a lot of machinery today, whether it's industrial machinery, or aircraft and automotive machinery.” 


Characteristics of Intelligent Products

  • - Ability to adapt to their environment or use case 
  • - Ability to minimise maintenance costs, primarily in vehicles and industrial application
  • - Ability to be aesthetically customised, most often in consumer products 

 

 

Kickstart Your Intelligent Product Transformation with SAP 

The SAP Intelligent Products whitepaper also delves into how organisations can kickstart or accelerate their intelligent products transformation journey, a project that Zobott admits can quickly become “overwhelming” if undertaken without the proper guidance. 

“Many companies are now looking at Intelligent Products and how SAP can help them reach their business goals,” he explains. "They are especially interested in our digital thread concept." 

“These are expensive investments, they are hard projects to successfully accomplish, and they can take anywhere from 18 months to five years depending on how comprehensive they are," Zobott adds. "At SAP we’re delivering packages that allow customers to access rapid start capabilities… We’re creating those on-ramps to make it easy for our customer to try out these capabilities.”

To read the full report, including insight on Intelligent Products, Intelligent Assets, Intelligent Factories, Empowered People, and exclusive insight from Dominik Metzger, the lead on SAP’s Industry 4.0 programme, CLICK HERE
 

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