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Accelerating asset performance management with Deloitte and Databricks

Transform asset management with advanced data analytics

For organizations in asset-intensive industries such as oil and gas, energy, and other heavy industrial sectors, effective equipment maintenance, operational cost management, and asset performance management are keys to overall Asset Lifecycle Management. Deloitte’s Asset360 solution, powered by Databricks, uses advanced data analytics to help transform asset management, extend asset life, and advance industrial digital transformation goals.

Overcoming challenges to improve operational efficiency

Before many of today’s asset-intensive organizations can realize their industrial digital transformation goals, they must overcome current challenges:

  • Insufficient manufacturer data (OEMs) and lack of real-time monitoring
  • Random equipment failures with lengthy repair times
  • Stopped production and poor labor productivity
  • Lack of time and funding for strategic improvement thanks to unplanned downtime

Gain greater asset performance awareness and insight

Deloitte’s Asset360 combines Deloitte’s deep industry experience with Databricks’ powerful Data Intelligence Platform to provide a highly scalable analytics tool to help Energy, Renewables, and Industrials (ER&I) clients leverage data for improved asset performance management. Utilizing advanced artificial intelligence (AI), machine learning (ML), and digital twin technologies, teams across the organization can implement Asset360 to improve:

Predictive maintenance

Utilize ML to assess the risk of asset failure and proactively alert relevant team members.

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Work order management

Generate and prioritize work orders autonomously and communicate schedule changes.

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Risk-based inspections

Provide analytics to schedule inspections more effectively by reducing the risk of asset failure.

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Outage management

Optimize outage scope and duration based on risk indicators to minimize disruptions.

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Lifecycle management

Employ data models, business rules, and algorithms to improve total cost of ownership.

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Procurement

Streamline parts ordering and inventory management based on asset condition.

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Additional resources

Spark data-driven insights

Learn how combining Deloitte’s deep industry knowledge and domain experience with Databricks’ advanced capabilities can help accelerate your industrial digital transformation.

Find out more

Deloitte + Databricks

Learn more about how the Deloitte and Databricks alliance helps clients across all industries accelerate innovation by unifying data, analytics, and AI workloads.

Find out more

From digitally-enabled data to value-driven maintenance actions

With Asset360, industrial data management does more than help prevent breakdowns, it helps optimize asset performance management and extend asset lifecycles. Our solution leverages an advanced analytics platform with cutting-edge data science capabilities to enable daily benefits across the organization:

  • Integrated Asset Information: Ensure data and analytics insights are in one place and accessible across various functions.
  • Data-driven decisions: Enable risk-based decisions with deeper insights from data analysis.
  • Trust in data: Maintain high data quality and reliability through governance and management.

Explore Asset360 in greater detail

There’s even more to Deloitte’s Asset360 than meets the eye. Learn how Deloitte’s Asset360 can help you achieve enhanced asset performance management, faster.

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Additional resources

Spark data-driven insights

Learn how combining Deloitte’s deep industry knowledge and domain experience with Databricks’ advanced capabilities can help accelerate your industrial digital transformation.

READ NOW
Deloitte + Databricks

Learn more about how the Deloitte and Databricks alliance helps clients across all industries accelerate innovation by unifying data, analytics, and AI workloads.

START HERE