Asset Durability Management: Expertise at the Heart of Asset Management

Asset Durability Management (ADM) is a rapidly growing field of activity. Around the world, companies must balance their economic, social and environmental sustainability with the need to maintain and optimize their physical assets. With successive retirements, restructurings and relocations, corporate memory is being lost, as some of the knowledge and expertise disappears, making it difficult to determine the health and performance of assets. The development of cloud software such as a SaaS service has paved the way for significantly improved overall management of capital-intensive assets, whether they are infrastructure or equipment.

How to avoid replacing assets unnecessarily

Industry assets are at the heart of organizations’ production activities. The durability of both infrastructure and industrial assets (buildings, bridges, various networks, tanks, conveyors, crushers, lifting facilities, tailings ponds, etc.) is of paramount importance.

Managers must maintain the overall health of their asset inventory. Extending the life of assets allows to postpone direct investments in the most important ones. The financial pressure naturally decreases over time, thanks to the extension of their lifespan.

How does a mining company’s digital transformation contribute to better management of its assets?

The asset management stream of the mining sector’s digital transformation is well under way and very necessary. Whether we consider the issues of productivity, safety, the environment or competitiveness on global markets, several reasons motivate the search for sustainable asset lifecycle management solutions. Fortunately, the accessibility of modern technology performance tools now facilitates their adoption and the achievement of measurable and therefore useful results. This article provides an overview of what digitization represents in an effective asset durability management approach at a mining company.

Find the fault

Dans l’univers de la gestion de l’intégrité et de la fiabilité des actifs, on peut vouloir réduire ses coûts d’exploitation, améliorer la durabilité et la fiabilité des équipements, diminuer les risques d’accident potentiels, ou encore mettre en lumière un problème de conception.

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Norda Stelo is an independent engineering consulting firm that was founded in Quebec in 1963. Specializing in integrated projects, Norda Stelo supports its clients every step of the way, from planning and design to construction or construction management operations.
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